First Guaranty Bancshares 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
Weaker technical forecast for First Guaranty Bancshares as stock downgraded to Sell Candidate.
(Updated on May 01, 2024)
The First Guaranty Bancshares stock price fell by -3.29% on the last day (Wednesday, 1st May 2024) from $11.23 to $10.86. During the last trading day the stock fluctuated 4.76% from a day low at $10.50 to a day high of $11.00. The price has fallen in 5 of the last 10 days but is still up by 11.38% over the past 2 weeks. 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 -136 thousand shares and in total, 18 thousand shares were bought and sold for approximately $197.02 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $11.20 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.07% during the next 3 months and, with a 90% probability hold a price between $8.10 and $9.62 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FGBI Signals & Forecast
The First Guaranty Bancshares 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 $10.38 and $10.23. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -3.29%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for First Guaranty Bancshares stock
First Guaranty Bancshares finds support from accumulated volume at $10.76 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.500 between high and low, or 4.76%. For the last week the stock has had daily average volatility of 8.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FGBI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect First Guaranty Bancshares to open at $10.79, and during the day (based on 14 day Average True Range), to move between $10.26 and $11.46, which gives a possible trading interval of +/-$0.599 (+/-5.52%) up or down from last closing price. If First Guaranty Bancshares takes out the full calculated possible swing range there will be an estimated 11.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.76 (0.92%) than the resistance at $11.12 (2.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
First Guaranty Bancshares will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.100. We will update the financials statements for First Guaranty Bancshares, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.09% in the first trading day after earnings release.
Is First Guaranty Bancshares stock A Buy?
First Guaranty Bancshares holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.324 Sell Candidate Downgraded
Predicted Opening Price for First Guaranty Bancshares of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $10.79 ( 0.675%) | $10.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FGBI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.29 | 3.93 % | |
| R2 | 11.10 | 2.17 % | ||
| R1 | 10.98 | 1.08 % | ||
| Current price: | 10.86 | |||
| Support | S1 | 10.60 | -2.43 % | |
| S2 | 10.48 | -3.52 % | ||
| S3 | 10.29 | -5.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.23 | 3.41 % | |
| R2 | 11.13 | 2.49 % | ||
| R1 | 11.12 | 2.39 % | ||
| Current price | 10.86 | |||
| Support | S1 | 10.76 | -0.92% | |
| S2 | 10.24 | -5.71% | ||
| S3 | 10.15 | -6.54% |
FGBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Mar 21, 2024 | Mar 29, 2024 | $0.160 | 1.58% |
| 2 | Nov 16, 2023 | Dec 21, 2023 | Dec 29, 2023 | $0.160 | 1.44% |
| 3 | Aug 17, 2023 | Sep 21, 2023 | Sep 29, 2023 | $0.160 | 1.45% |
| 4 | May 18, 2023 | Jun 22, 2023 | Jun 30, 2023 | $0.160 | 1.42% |
| 5 | Feb 16, 2023 | Mar 23, 2023 | Mar 31, 2023 | $0.160 | 1.02% |
FAQ
Click here for our free guide on how to buy First Guaranty Bancshares Stock.
