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First Citizens BancShares Stock Forecast NASDAQ:FCNCA

$788.57 (-1.63%)

Volume: 40k

Closed: Dec 03, 2021

Hollow Logo Score: -3.004

First Citizens BancShares Stock Forecast

$788.57 (-1.63%)

Volume: 40k

Closed: Dec 03, 2021

Score Hollow Logo -3.004
Which way will FCNCA go? Request
Key Stats
P/E Ratio 12.78
Beta 1.32
Trailing Dividend Rate 0.3% ($2.35)
* 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 40 and the stock is currently not being overbought or oversold

First Citizens BancShares stock downgraded to Sell Candidate
(Updated on Dec 03, 2021)

Sell candidate since 2021-12-03

The First Citizens BancShares stock price fell by -1.63% on the last day (Friday, 3rd Dec 2021) from $801.64 to $788.57. During the day the stock fluctuated 2.79% from a day low at $782.65 to a day high of $804.51. The price has fallen in 7 of the last 10 days and is down by -4.58% 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 -9 thousand shares and in total, 40 thousand shares were bought and sold for approximately $31.83 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $784.33 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.06% during the next 3 months and, with a 90% probability hold a price between $760.33 and $855.41 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 0.43%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Citizens BancShares stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $818.09 and $837.06. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

First Citizens BancShares finds support from accumulated volume at $785.23 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 $21.86 between high and low, or 2.79%. For the last week, the stock has had a daily average volatility of 3.25%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is First Citizens BancShares stock A Buy?

First Citizens BancShares holds several negative signals and is within a wide and falling trend, so we believe 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: -3.004

Predicted Opening Price for First Citizens BancShares of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$791.91 $788.57 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 01, 2021 "DA Davidson" gave "$1,020.00 - $1,000.00" rating for FCNCA. The price target was set to $856.30+1.6%.

Volatility and Risk
Daily Average Volatility: 3.25 %
Overall Risk: Very High High Medium Low Very Low
3.25 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $819.87
Price: $788.57
Support: $785.23

FCNCA Insider Trading Show all Trades



Last 100 transactions
Buy: 783 100 | Sell: 736 696 (Shares)
Date Action Amount Person Type
Oct 07, 2021 Sell 9 986 Bristow Claire H Class B Common
Oct 07, 2021 Buy 9 986 Bristow Claire H Class B Common
Oct 07, 2021 Sell 18 254 Bristow Claire H Class A Common
Oct 07, 2021 Buy 18 254 Bristow Claire H Class A Common
Oct 07, 2021 Sell 9 968 Bristow Peter M Class B Common
Show all Insider Trades


Last 100 transactions
Buy: 783 100 | Sell: 736 696 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 813.77 3.20 %
805.42 2.14 %
800.26 1.48 %
Current price: 788.57
Support 783.56 -0.64 %
778.40 -1.29 %
770.05 -2.35 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 884.82 12.21 %
834.85 5.87 %
819.87 3.97 %
Current price 788.57
Support 785.23 -0.42%
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About First Citizens BancShares

First Citizens BancShares First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include demand, checking, interest, and savings accounts, as well as money market accounts. The company’s loan products portfolio comprises commercial construction and land development loans; commercial mortgage loans, commercial and industrial loans, and l... Read more

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