First Financial Bankshares stock price ended on $50.61 on Friday after losing 0.98%
(Updated on Dec 03, 2021)
Sell candidate since 2021-11-26 Loss -0.12% PDF
The First Financial Bankshares stock price fell by -0.98% on the last day (Friday, 3rd Dec 2021) from $51.11 to $50.61. During the day the stock fluctuated 2.71% from a day low at $50.15 to a day high of $51.51. The price has fallen in 7 of the last 10 days and is down by -5.65% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -93 thousand shares and in total, 245 thousand shares were bought and sold for approximately $12.39 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $49.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.25% during the next 3 months and, with a 90% probability hold a price between $61.38 and $69.27 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The First Financial Bankshares 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 $50.84 and $51.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -7.17%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $47.70 and $45.95. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, First Financial Bankshares finds support just below today's level at $47.70. If this is broken, then the next support from accumulated volume will be at $45.95 and $44.65.
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 $1.36 between high and low, or 2.71%. For the last week, the stock has had a daily average volatility of 3.43%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is First Financial Bankshares stock A Buy?
The First Financial Bankshares stock holds several negative signals and despite the positive trend, we believe First Financial Bankshares will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.097
Predicted Opening Price for First Financial Bankshares of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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On Aug 31, 2021 "Janney Montgomery Scott" gave "$50.00" rating for FFIN. The price target was changed from $47.53 to 2.7%.
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