Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FCNCA
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Green day on Wednesday for First Citizens BancShares stock after gaining 1.07%
(Updated on Mar 27, 2024)

Buy candidate since Mar 12, 2024 Gain 4.39% PDF

The First Citizens BancShares stock price gained 1.07% on the last trading day (Wednesday, 27th Mar 2024), rising from $1,599.75 to $1,616.88. During the last trading day the stock fluctuated 1.52% from a day low at $1,594.18 to a day high of $1,618.45. The price has risen in 6 of the last 10 days and is up by 4.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 49 thousand shares were bought and sold for approximately $78.50 million.

The stock lies in the middle of a strong 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 15.13% during the next 3 months and, with a 90% probability hold a price between $1,782.99 and $1,909.29 at the end of this 3-month period.

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FCNCA Signals & Forecast

Mostly positive signals in the chart today. The First Citizens BancShares 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 $1,594.70 and $1,547.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 7.38%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for First Citizens BancShares stock

First Citizens BancShares finds support from accumulated volume at $1,548.00 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $24.27 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.95%.

Our recommended stop-loss: $1,542.19 (-4.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (FCNCA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect First Citizens BancShares to open at $1,609.84, and during the day (based on 14 day Average True Range), to move between $1,580.64 and $1,653.12, which gives a possible trading interval of +/-$36.24 (+/-2.24%) up or down from last closing price. If First Citizens BancShares takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $1,548.00, some $68.88 (4.26%) from the current price of $1,616.88, our system finds the risk reward attractive.

Is First Citizens BancShares 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 Citizens BancShares stock to perform well in the short-term.

Current score: 3.217 Buy Candidate Unchanged

Predicted Opening Price for First Citizens BancShares of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1,609.84 ( 0.436%) $1,616.88

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

Trading levels for FCNCA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,634.11 1.07 %
R2 1,624.84 0.492 %
R1 1,619.11 0.138 %
Current price: 1,616.88
Support S1 1,600.57 -1.01 %
S2 1,594.84 -1.36 %
S3 1,585.57 -1.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 1,616.88
Support S1 1,548.00 -4.26%
S2 1,510.00 -6.61%
S3 1,485.77 -8.11%

FCNCA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 24, 2024 Feb 28, 2024 Mar 15, 2024 $1.64 0.106%
2 Oct 24, 2023 Nov 29, 2023 Dec 15, 2023 $1.64 0.115%
3 Jul 25, 2023 Aug 30, 2023 Sep 15, 2023 $0.750 0.0569%
4 Apr 25, 2023 May 30, 2023 Jun 15, 2023 $0.750 0.0578%
5 Jan 24, 2023 Feb 27, 2023 Mar 15, 2023 $0.750 0.139%

FAQ

What is the symbol for First Citizens BancShares Stock and on which exchange is it traded?
The symbol for First Citizens BancShares is FCNCA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Citizens BancShares Stock?
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 Citizens BancShares stock to perform well in the short-term.

How to buy First Citizens BancShares Stock?
First Citizens BancShares Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Citizens BancShares Stock.

What's the current price of First Citizens BancShares Stock?
As of the end of day on the 2024-03-27, the price of an First Citizens BancShares (FCNCA) share was $1,616.88.

What is the 52-week high and low for First Citizens BancShares Stock?
The 52-week high for First Citizens BancShares Stock is $1,625.00 and the 52-week low is $884.04.

What is the market capitalization of First Citizens BancShares Stock?
As of the 2024-03-27, the market capitalization of First Citizens BancShares is 23.334B.

When is the next earnings date for First Citizens BancShares?
The upcoming earnings date for First Citizens BancShares is May 08, 2024.
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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 retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, and lease financ... FCNCA Profile

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