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1st Constitution Bancorp (NJ) Stock Forecast NASDAQ:FCCY

$23.57 (-1.42%)

Volume: 5k

Closed: September 28, 2021

Score: 3.347

1st Constitution Bancorp (NJ) Stock Forecast

$23.57 (-1.42%)

Volume: 5k

Closed: September 28, 2021

Score 3.347
Which way will FCCY go? Request
Tue, Sep 28, 2021 Buy Candidate Upgraded
Stop-loss: $15.17 (-3.19%)
Key Stats
P/E Ratio 23.35
Beta 1.23
Trailing Dividend Rate 3.74% ($0.59)
* 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 64 and the stock is currently not being overbought or oversold

1st Constitution Bancorp (NJ) stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on September 28, 2021)


Buy or Hold candidate since 2021-09-22 Gain 5.88%

The 1st Constitution Bancorp (NJ) stock price fell by -1.42% on the last day (Tuesday, 28th Sep 2021) from $23.91 to $23.57. During the day the stock fluctuated 2.17% from a day low at $23.49 to a day high of $24.00. The price has risen in 6 of the last 10 days and is up by 8.42% over the past 2 weeks. 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 -13 thousand shares and in total, 5 thousand shares were bought and sold for approximately $123.98 thousand.

The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $23.94 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.85% during the next 3 months and, with a 90% probability hold a price between $23.83 and $26.06 at the end of this 3-month period.

Signals & Forecast

The 1st Constitution Bancorp (NJ) stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.74 and $22.13. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, September 27, 2021, and so far it has fallen -1.42%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $21.77 and $21.68. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, 1st Constitution Bancorp (NJ) finds support just below today's level at $21.77. If this is broken, then the next support from accumulated volume will be at $21.68 and $21.48.

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 $0.51 between high and low, or 2.17%. For the last week the stock has had a daily average volatility of 2.77%.

Our recommended stop-loss: $22.57 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 days ago.)

Is 1st Constitution Bancorp (NJ) 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 1st Constitution Bancorp (NJ) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.347

Predicted Opening Price for 1st Constitution Bancorp (NJ) of Wednesday, September 29, 2021

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

Fair opening price September 29, 2021 Current price
$23.69 $23.57 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

Piper Sandler is very positive about FCCY and gave it a "Overweight" rating on October 26, 2020. The price target was changed from $12.50 to $15.00.

Volatility and Risk
Daily Average Volatility: 2.77 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.77 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $23.91
Price: $23.57
Support: $21.77

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 24.20 2.66 %
24.00 1.83 %
23.88 1.32 %
Current price: 23.57
Support 23.49 -0.33 %
23.37 -0.84 %
23.18 -1.67 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
23.91 1.44 %
Current price 23.57
Support 21.77 -7.64%
21.68 -8.02%
21.48 -8.87%

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About 1st Constitution Bancorp (NJ)

1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking services in the central and northeastern New Jersey areas. The company offers deposit products, including interest bearing demand deposits, such as interest-bearing checking accounts and money market accounts; and non-interest bearing demand, savings, and time deposits, as well as certificates of deposit. It also pro... Read more

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