First Interstate BancSystem Stock Forecast
Green day on Tuesday for First Interstate BancSystem stock after gaining 1.93%
(Updated on Jul 02, 2024)
The First Interstate BancSystem stock price gained 1.93% on the last trading day (Tuesday, 2nd Jul 2024), rising from $27.43 to $27.96. During the last trading day the stock fluctuated 3.05% from a day low at $27.19 to a day high of $28.02. The price has risen in 8 of the last 10 days and is up by 8.46% over the past 2 weeks. Volume fell on the last day by -180 thousand shares and in total, 441 thousand shares were bought and sold for approximately $12.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising 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 $28.20 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.51% during the next 3 months and, with a 90% probability hold a price between $25.99 and $28.91 at the end of this 3-month period.
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FIBK Signals & Forecast
Mostly positive signals in the chart today. The First Interstate BancSystem 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 $27.07 and $26.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 10.82%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for First Interstate BancSystem stock
First Interstate BancSystem finds support from accumulated volume at $27.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.83 (3.05%) between high and low. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: $27.02 (-3.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (FIBK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect First Interstate BancSystem to open at $27.72, and during the day (based on 14 day Average True Range), to move between $27.29 and $28.63, which gives a possible trading interval of +/-$0.669 (+/-2.39%) up or down from last closing price. If First Interstate BancSystem takes out the full calculated possible swing range there will be an estimated 4.78% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $27.77, some $0.190 (0.68%) from the current price of $27.96, our system finds the risk reward attractive.
Is First Interstate BancSystem 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 Interstate BancSystem stock to perform well in the short-term.
Current score: 3.996 Buy Candidate Unchanged
Predicted Opening Price for First Interstate BancSystem of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $27.72 ( 0.85%) | $27.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIBK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.55 | 2.12% |
| R2 | 28.24 | 0.99% |
| R1 | 28.04 | 0.288% |
| Price | 27.96 | |
| S1 | 27.41 | -1.98% |
| S2 | 27.21 | -2.68% |
| S3 | 26.89 | -3.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 27.96 | |
| S1 | 27.77 | -0.680% |
| S2 | 26.95 | -3.61% |
| S3 | 25.99 | -7.05% |
FIBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 03, 2024 | May 16, 2024 | $0.470 | 1.70% |
| 2 | Jan 26, 2024 | Feb 08, 2024 | Feb 19, 2024 | $0.470 | 1.79% |
| 3 | Oct 24, 2023 | Nov 03, 2023 | Nov 16, 2023 | $0.470 | 1.84% |
| 4 | Jul 25, 2023 | Aug 04, 2023 | Aug 17, 2023 | $0.470 | 1.76% |
| 5 | Apr 25, 2023 | May 05, 2023 | Aug 17, 2023 | $0.470 | 1.76% |
FAQ
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