First Citizens Bancshares, Inc. Stock Forecast

First Citizens Bancshares, Inc. stock price ended at $22.25 on Monday, after losing 0.224%.
(Updated on Jun 24, 2024)

FCNCO Signals & Forecast

There are few to no technical positive signals at the moment. The First Citizens Bancshares, Inc. 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 $22.34 and $22.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -3.13%. 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 stock had a Golden Star Signal on Tuesday, August 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for First Citizens Bancshares, Inc. stock

First Citizens Bancshares, Inc. finds support from accumulated volume at $22.10 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 therefore the general risk is considered very 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 $0.350 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.31%

First Citizens Bancshares, Inc. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (FCNCO) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect First Citizens Bancshares, Inc. to open at $22.29, and during the day (based on 14 day Average True Range), to move between $21.96 and $22.54, which gives a possible trading interval of +/-$0.293 (+/-1.32%) up or down from last closing price. If First Citizens Bancshares, Inc. takes out the full calculated possible swing range there will be an estimated 2.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.30 (0.22%) than the support at $22.10 (0.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is First Citizens Bancshares, Inc. stock A Buy?

First Citizens Bancshares, Inc. holds several negative signals and is within a 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.

Current score: -2.626 Sell Candidate Unchanged

Predicted Opening Price for First Citizens Bancshares, Inc. of Tuesday, June 25, 2024

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