Flushing Financial Corporation Stock Forecast
Flushing Financial Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)
The Flushing Financial Corporation stock price gained 2.27% on the last trading day (Thursday, 28th Mar 2024), rising from $12.33 to $12.61. During the last trading day the stock fluctuated 4.03% from a day low at $12.27 to a day high of $12.76. The price has fallen in 6 of the last 10 days but is still up by 8.43% 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, 41 thousand more shares were traded than the day before. In total, 234 thousand shares were bought and sold for approximately $2.95 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -29.21% during the next 3 months and, with a 90% probability hold a price between $7.58 and $9.65 at the end of this 3-month period. 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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FFIC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 8.43%. 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 Flushing Financial Corporation 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 $12.66. On a fall, the stock will find some support from the short-term average at $12.10. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Flushing Financial Corporation stock
Flushing Financial Corporation finds support from accumulated volume at $12.18 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 $0.495 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: $12.06 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FFIC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Flushing Financial Corporation to open at $12.54, and during the day (based on 14 day Average True Range), to move between $12.15 and $13.07, which gives a possible trading interval of +/-$0.455 (+/-3.61%) up or down from last closing price. If Flushing Financial Corporation takes out the full calculated possible swing range there will be an estimated 7.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.92 (2.46%) than the support at $12.18 (3.41%), 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 Flushing Financial Corporation stock A Buy?
Flushing Financial Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.154 Hold/Accumulate Upgraded
Predicted Opening Price for Flushing Financial Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$12.54 ( 0.516%) | $12.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFIC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.04 | 3.41 % | |
R2 | 12.85 | 1.91 % | ||
R1 | 12.73 | 0.98 % | ||
Current price: | 12.61 | |||
Support | S1 | 12.36 | -2.01 % | |
S2 | 12.24 | -2.94 % | ||
S3 | 12.05 | -4.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.66 | 8.33 % | |
R2 | 13.51 | 7.14 % | ||
R1 | 12.92 | 2.46 % | ||
Current price | 12.61 | |||
Support | S1 | 12.18 | -3.41% | |
S2 | 11.94 | -5.31% | ||
S3 | 11.92 | -5.47% |
FFIC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.220 | 1.85% |
2 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | $0 | 0% |
3 | Aug 15, 2023 | Sep 07, 2023 | Sep 29, 2023 | $0.220 | 1.68% |
4 | May 16, 2023 | Jun 01, 2023 | Jun 23, 2023 | $0.220 | 1.67% |
5 | Feb 23, 2023 | Mar 09, 2023 | Mar 31, 2023 | $0.220 | 1.48% |
FAQ
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