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First Guaranty Bancshares Stock Forecast OTCMKTS:FGBI

$22.25 (-2.63%)

Volume: 1k

Closed: Nov 26, 2021

Hollow Logo Score: 2.962

First Guaranty Bancshares Stock Forecast

$22.25 (-2.63%)

Volume: 1k

Closed: Nov 26, 2021

Score Hollow Logo 2.962
Which way will FGBI go? Request
Stop-loss: $21.17 (-4.85%)
Key Stats
Beta 0.57
Trailing Dividend Rate 2.84% ($0.63)
Next Dividend Date Dec 14, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 36 and the stock is currently not being overbought or oversold

Red day on Friday for First Guaranty Bancshares stock after losing 2.63%
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-09-24 Gain 14.50%

The First Guaranty Bancshares stock price fell by -2.63% on the last day (Friday, 26th Nov 2021) from $22.85 to $22.25. and has now fallen 4 days in a row. During the day the stock fluctuated 2.70% from a day low at $22.25 to a day high of $22.85. The price has fallen in 5 of the last 10 days and is down by -1.64% 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 -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately $22.74 thousand.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.09 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 23.48% during the next 3 months and, with a 90% probability hold a price between $27.28 and $29.82 at the end of this 3-month period.

Signals & Forecast

The First Guaranty Bancshares stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $22.81. On a fall, the stock will find some support from the long-term average at approximately $21.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -4.09%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, September 23, 2021 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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, September 23, 2021 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

On the downside, the stock finds support just below today's level from accumulated volume at $20.71 and $19.05. 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 Guaranty Bancshares finds support just below today's level at $20.71. If this is broken, then the next support from accumulated volume will be at $19.05 and $18.62.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.60 between high and low, or 2.70%. For the last week the stock has had a daily average volatility of 2.53%.

Our recommended stop-loss: $21.17 (-4.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Is First Guaranty Bancshares stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Guaranty Bancshares stock to perform well in the short-term.

Current score: 2.962

Predicted Opening Price for First Guaranty Bancshares of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$22.45 $22.25 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

DA Davidson does not see either upside or downside right now giving FGBI "Neutral" on their last update on Apr 19, 2021. The price target was set to $19.50.

Volatility and Risk
Daily Average Volatility: 2.53 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.53 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $22.92
Price: $22.25
Support: $20.71

FGBI Insider Trading Show all Trades

INSIDER POWER

2.272

Last 100 transactions
Buy: 483 848 | Sell: 212 915 (Shares)
Date Action Amount Person Type
May 26, 2021 Buy 3 661 Hood William K First Guaranty Bancshares, Inc. $1 Par Common Stock
May 26, 2021 Buy 3 659 Smith Edgar R. Iii First Guaranty Bancshares, Inc. $1 Par Common Stock
May 25, 2021 Buy 2 433 Smith Edgar R. Iii First Guaranty Bancshares, Inc. $1 Par Common Stock
May 25, 2021 Buy 1 852 Smith Edgar R. Iii First Guaranty Bancshares, Inc. $1 Par Common Stock
May 25, 2021 Buy 1 857 Hood William K First Guaranty Bancshares, Inc. $1 Par Common Stock
Show all Insider Trades
INSIDER POWER

2.272

Last 100 transactions
Buy: 483 848 | Sell: 212 915 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 23.05 3.60 %
22.82 2.57 %
22.68 1.93 %
Current price: 22.25
Support 22.22 -0.13 %
22.08 -0.77 %
21.85 -1.80 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 23.18 4.18 %
22.95 3.15 %
22.92 3.01 %
Current price 22.25
Support 20.71 -6.92%
19.05 -14.38%
18.62 -16.31%

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About First Guaranty Bancshares

First Guaranty Bancshares First Guaranty Bancshares, Inc. operates as the bank holding company for First Guaranty Bank that provides commercial banking services to businesses, professionals, and individuals in Louisiana. It offers various deposit products, including personal and business checking and savings accounts, time deposits, money market accounts, and demand accounts. The company also provides loans, such as non-farm non-residential loans secured by real estate, c... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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