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First Interstate BancSystem Stock Forecast NASDAQ:FIBK

$40.59 (-5.52%)

Volume: 248k

Closed: Nov 26, 2021

Hollow Logo Score: -1.576

First Interstate BancSystem Stock Forecast

$40.59 (-5.52%)

Volume: 248k

Closed: Nov 26, 2021

Score Hollow Logo -1.576
Which way will FIBK go? Request
Key Stats
P/E Ratio 9.01
Beta 0.88
Trailing Dividend Rate 3.98% ($1.62)
* 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 29 and the stock is currently not being overbought or oversold

Is First Interstate BancSystem stock still a buy after falling -5.52% on Friday ?
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The First Interstate BancSystem stock price fell by -5.52% on the last day (Friday, 26th Nov 2021) from $42.96 to $40.59. and has now fallen 4 days in a row. During the day the stock fluctuated 4.65% from a day low at $39.77 to a day high of $41.62. The price has fallen in 7 of the last 10 days and is down by -6.69% for this period. Volume has increased on the last day by 93 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 248 thousand shares were bought and sold for approximately $10.06 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.13% during the next 3 months and, with a 90% probability hold a price between $40.63 and $45.94 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The First Interstate BancSystem stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $43.05 and $42.44. 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 16, 2021, and so far it has fallen -7.58%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

First Interstate BancSystem finds support from accumulated volume at $39.17 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 $1.85 between high and low, or 4.65%. For the last week the stock has had a daily average volatility of 2.93%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is First Interstate BancSystem stock A Buy?

The First Interstate BancSystem stock holds several negative signals and despite the positive trend, we believe First Interstate BancSystem will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.576

Predicted Opening Price for First Interstate BancSystem 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
$40.66 $40.59 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 07, 2021 "Wells Fargo & Company" gave "$47.00" rating for FIBK. The price target was changed from $42.21 to 0.5%.

Volatility and Risk
Daily Average Volatility: 2.93 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.93 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $41.61
Price: $40.59
Support: $39.17

FIBK Insider Trading Show all Trades

INSIDER POWER

0.596

Last 100 transactions
Buy: 1 359 349 | Sell: 2 278 963 (Shares)
Date Action Amount Person Type
Nov 18, 2021 Sell 1 350 Gaglia Philip G Class A Common Stock
Jun 01, 2021 Buy 1 168 Phillips Joyce Ann Class A Common Stock
Jun 01, 2021 Buy 1 805 Jahnke David L Class A Common Stock
Jun 01, 2021 Buy 2 124 Scott James R. Jr Class A Common Stock
Jun 01, 2021 Buy 1 168 Heyneman John M Jr Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.596

Last 100 transactions
Buy: 1 359 349 | Sell: 2 278 963 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 42.51 4.73 %
41.80 2.99 %
41.37 1.91 %
Current price: 40.59
Support 39.95 -1.57 %
39.52 -2.64 %
38.81 -4.39 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 42.44 4.56 %
42.29 4.19 %
41.61 2.51 %
Current price 40.59
Support 39.17 -3.50%
38.74 -4.56%
38.00 -6.38%

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About First Interstate BancSystem

First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides commercial and consumer banking services. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors. The company’s loan portfolio consists of real estate loans, including commercial real estate, construction, residential, agricultural, and other... Read more

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