First Community Corporation Stock Forecast
Evaluation of First Community Corporation stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The First Community Corporation stock price gained 0.606% on the last trading day (Tuesday, 2nd Jul 2024), rising from $16.51 to $16.61. During the last trading day the stock fluctuated 3.32% from a day low at $16.25 to a day high of $16.79. The price has risen in 5 of the last 10 days but is still down by -0.66% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $530.16 thousand.
The stock lies in the middle of a wide and 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 4.23% during the next 3 months and, with a 90% probability hold a price between $16.79 and $19.08 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FCCO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.606%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). First Community Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Community Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $17.23 and $16.88. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for First Community Corporation stock
First Community Corporation finds support from accumulated volume at $16.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.540 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 5.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FCCO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect First Community Corporation to open at $16.55, and during the day (based on 14 day Average True Range), to move between $15.96 and $17.26, which gives a possible trading interval of +/-$0.649 (+/-3.91%) up or down from last closing price. If First Community Corporation takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.20 (2.47%) than the resistance at $17.25 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is First Community Corporation stock A Buy?
First Community Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.147 Sell Candidate Downgraded
Predicted Opening Price for First Community Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $16.55 ( 0.361%) | $16.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCCO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.09 | 2.89% |
| R2 | 16.88 | 1.65% |
| R1 | 16.76 | 0.88% |
| Price | 16.61 | |
| S1 | 16.34 | -1.60% |
| S2 | 16.22 | -2.37% |
| S3 | 16.01 | -3.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.50 | 5.36% |
| R2 | 17.49 | 5.30% |
| R1 | 17.25 | 3.85% |
| Price | 16.61 | |
| S1 | 16.20 | -2.47% |
| S2 | 15.95 | -3.97% |
| S3 | 15.88 | -4.39% |
FCCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | $0.140 | 0.86% |
| 2 | Jan 24, 2024 | Feb 05, 2024 | Feb 20, 2024 | $0.140 | 0.85% |
| 3 | Oct 18, 2023 | Oct 30, 2023 | Nov 14, 2023 | $0.140 | 0.80% |
| 4 | Jul 18, 2023 | Jul 31, 2023 | Aug 15, 2023 | $0.140 | 0.789% |
| 5 | Apr 18, 2023 | May 01, 2023 | May 16, 2023 | $0.140 | 0.81% |
FAQ
Click here for our free guide on how to buy First Community Corporation Stock.
