Freedom Bank of Virginia (Fairfax) Stock Forecast
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:
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
Red day on Friday for Freedom Bank of Virginia (Fairfax)
(Updated on Jun 28, 2024)
No changes to the price of Freedom Bank of Virginia (Fairfax) stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $9.75 to a day high of $9.75. The price has been going up and down for this period, and there has been a 0.52% gain for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Freedom Bank of Virginia (Fairfax) stock with a 90% probability to be traded between $9.44 and $9.63 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FDVA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.515%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Freedom Bank of Virginia (Fairfax) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.78. On a fall, the stock will find some support from the short-term average at $9.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Freedom Bank of Virginia (Fairfax) stock
Freedom Bank of Virginia (Fairfax) finds support from accumulated volume at $9.70 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $9.20 (-5.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (FDVA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Freedom Bank of Virginia (Fairfax) to open at $9.75, and during the day (based on 14 day Average True Range), to move between $9.72 and $9.78, which gives a possible trading interval of +/-$0.0271 (+/-0.28%) up or down from last closing price. If Freedom Bank of Virginia (Fairfax) takes out the full calculated possible swing range there will be an estimated 0.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.76 (0.10%) than the support at $9.70 (0.51%), 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 Freedom Bank of Virginia (Fairfax) stock A Buy?
Freedom Bank of Virginia (Fairfax) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Freedom Bank of Virginia (Fairfax) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $9.75 ( 0%) | $9.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDVA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.75 | - |
| R2 | 9.75 | - |
| R1 | 9.75 | - |
| Price | 9.75 | |
| S1 | 9.75 | - |
| S2 | 9.75 | - |
| S3 | 9.75 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.92 | 1.74% |
| R2 | 9.85 | 1.03% |
| R1 | 9.76 | 0.103% |
| Price | 9.75 | |
| S1 | 9.70 | -0.513% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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