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% PDF
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|
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On Jul 22, 2021 "Raymond James" gave "$21.00 - $23.00" rating for FCCO. The price target was set to $20.32+0.7%.
FCCO Insider Trading
|Sep 30, 2021||Buy||77||Tarver Edward J.||Common Stock|
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|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|
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