First Citizens Bancshares, Inc. Stock Forecast
Green day on Friday for First Citizens Bancshares, Inc.
(Updated on Jun 28, 2024)
The First Citizens Bancshares, Inc. stock price gained 0.229% on the last trading day (Friday, 28th Jun 2024), rising from $21.86 to $21.91. During the last trading day the stock fluctuated 0.85% from a day low at $21.75 to a day high of $21.93. The price has been going up and down for this period, and there has been a -1.88% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 136 thousand more shares were traded than the day before. In total, 180 thousand shares were bought and sold for approximately $3.95 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Citizens Bancshares, Inc. stock with a 90% probability to be traded between $21.48 and $22.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FCNCO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.229%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $22.08 and $22.55. 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). 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.
Golden Star 12 Months
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 $21.90 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 $0.185 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.20%.
First Citizens Bancshares, Inc. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $20.46 (-6.63%) (This stock has low daily movements and this gives low risk. Low RSI14 is 18 which reduces the risk some. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (FCNCO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect First Citizens Bancshares, Inc. to open at $21.86, and during the day (based on 14 day Average True Range), to move between $21.63 and $22.19, which gives a possible trading interval of +/-$0.280 (+/-1.28%) 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 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.90 (0.05%) than the resistance at $22.30 (1.78%), 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 Citizens Bancshares, Inc. stock A Buy?
First Citizens Bancshares, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -1.000 Sell Candidate Unchanged
Predicted Opening Price for First Citizens Bancshares, Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$21.86 ( 0.206%) | $21.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCNCO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.05 | 0.636% |
R2 | 21.98 | 0.314% |
R1 | 21.94 | 0.116% |
Price | 21.91 | |
S1 | 21.79 | -0.528% |
S2 | 21.75 | -0.727% |
S3 | 21.68 | -1.05% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.90 | 4.52% |
R2 | 22.40 | 2.24% |
R1 | 22.30 | 1.78% |
Price | 21.91 | |
S1 | 21.90 | -0.0456% |
S2 | 21.87 | -0.183% |
S3 | 21.86 | -0.228% |
FCNCO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 16, 2024 | May 31, 2024 | Jun 17, 2024 | $0.352 | 1.57% |
2 | Jan 24, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.352 | 1.50% |
3 | Oct 24, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.352 | 1.60% |
4 | Jul 25, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.352 | 1.67% |
5 | Apr 25, 2023 | May 30, 2023 | Jun 15, 2023 | $0.352 | 1.71% |
FAQ
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