First Farmers Financial Corp Stock Forecast
Evaluation of First Farmers Financial Corp stock downgraded after the last trading session.
(Updated on Jun 24, 2024)
The First Farmers Financial Corp stock price gained 1.47% on the last trading day (Monday, 24th Jun 2024), rising from $68.50 to $69.51. During the last trading day the stock fluctuated 0% from a day low at $69.51 to a day high of $69.51. The price has been going up and down for this period, and there has been a 1.47% gain 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, 100 more shares were traded than the day before. In total, 100 shares were bought and sold for approximately $6.95 thousand.
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 First Farmers Financial Corp stock with a 90% probability to be traded between $68.35 and $70.47 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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FFMR Signals & Forecast
The First Farmers Financial Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $68.78 and $68.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 2.22%. 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). First Farmers Financial Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, May 03, 2024 in the short-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
The stock had a Golden Star Signal on Friday, May 03, 2024 in the short-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 Farmers Financial Corp stock
First Farmers Financial Corp finds support from accumulated volume at $68.50 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: $66.15 (-4.83%) (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 (FFMR) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect First Farmers Financial Corp to open at $69.51, and during the day (based on 14 day Average True Range), to move between $69.30 and $69.72, which gives a possible trading interval of +/-$0.214 (+/-0.31%) up or down from last closing price. If First Farmers Financial Corp takes out the full calculated possible swing range there will be an estimated 0.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $70.00 (0.70%) than the support at $68.50 (1.45%), 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 Farmers Financial Corp stock A Buy?
First Farmers Financial Corp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 First Farmers Financial Corp of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$69.51 ( 0%) | $69.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFMR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 69.51 | - |
R2 | 69.51 | - |
R1 | 69.51 | - |
Price | 69.51 | |
S1 | 69.51 | - |
S2 | 69.51 | - |
S3 | 69.51 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 70.00 | 0.703% |
Price | 69.51 | |
S1 | 68.50 | -1.45% |
S2 | 68.45 | -1.52% |
S3 | 68.28 | -1.77% |
FFMR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 18, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.480 | 0.691% |
2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.480 | 0.701% |
3 | Dec 28, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.480 | 0.649% |
4 | Sep 19, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.470 | 0.767% |
5 | Jun 20, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.470 | 0.764% |
FAQ
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