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First Community Corporation Stock Forecast NASDAQ:FCCO

$20.70 (-2.31%)

Volume: 4k

Closed: Nov 26, 2021

Hollow Logo Score: 2.836

First Community Corporation Stock Forecast

$20.70 (-2.31%)

Volume: 4k

Closed: Nov 26, 2021

Score Hollow Logo 2.836
Which way will FCCO go? Request
Stop-loss: $19.58 (-5.41%)
Key Stats
Trailing Dividend Rate 2.3% ($0.48)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 44 and the stock is currently not being overbought or oversold

Red day on Friday for First Community Corporation stock after losing 2.31%
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-11 Loss -1.52%

The First Community Corporation stock price fell by -2.31% on the last day (Friday, 26th Nov 2021) from $21.19 to $20.70. and has now fallen 3 days in a row. During the day the stock fluctuated 5.48% from a day low at $20.27 to a day high of $21.38. The price has risen in 6 of the last 10 days, but is still down by -1.52% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 4 thousand shares were bought and sold for approximately $81.37 thousand.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.45% during the next 3 months and, with a 90% probability hold a price between $21.66 and $23.60 at the end of this 3-month period.

Signals & Forecast

The First Community Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $21.31. On a fall, the stock will find some support from the long-term average at approximately $20.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, November 18, 2021, and so far it has fallen -4.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

First Community Corporation finds support from accumulated volume at $19.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $1.11 between high and low, or 5.48%. For the last week the stock has had a daily average volatility of 4.02%.

Our recommended stop-loss: $19.58 (-5.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Is First Community Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Community Corporation stock to perform well in the short-term.

Current score: 2.836

Predicted Opening Price for First Community Corporation of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$20.78 $20.70 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Jul 22, 2021 "Raymond James" gave "$21.00 - $23.00" rating for FCCO. The price target was set to $20.32+0.7%.

Volatility and Risk
Daily Average Volatility: 4.02 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.02 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $21.02
Price: $20.70
Support: $19.80

FCCO Insider Trading Show all Trades

INSIDER POWER

2.116

Last 100 transactions
Buy: 87 905 | Sell: 41 548 (Shares)
Date Action Amount Person Type
Sep 30, 2021 Buy 77 Tarver Edward J. Common Stock
Sep 30, 2021 Buy 285 Snipe Alexander Jr Common Stock
Sep 30, 2021 Buy 207 Brown Thomas Carlton Common Stock
Sep 30, 2021 Buy 314 Chao Chimin J Common Stock
Jun 30, 2021 Buy 297 Snipe Alexander Jr Common Stock
Show all Insider Trades
INSIDER POWER

2.116

Last 100 transactions
Buy: 87 905 | Sell: 41 548 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 21.89 5.76 %
21.47 3.72 %
21.21 2.45 %
Current price: 20.70
Support 20.36 -1.65 %
20.10 -2.91 %
19.67 -4.96 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 21.45 3.62 %
21.07 1.79 %
21.02 1.55 %
Current price 20.70
Support 19.80 -4.35%
19.65 -5.07%
19.55 -5.56%

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About First Community Corporation

First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. Its deposit products include demand deposit accounts, checking accounts, NOW accounts, and savings accounts, as well as other time deposits, such as daily money market accounts and longer-term certificates of d... Read more

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