First Interstate BancSystem Stock Forecast

Green day on Wednesday for First Interstate BancSystem stock after gaining 0.189%
(Updated on Apr 24, 2024)

FIBK Signals & Forecast

The First Interstate BancSystem stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $25.47 and $25.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.03%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for First Interstate BancSystem stock

First Interstate BancSystem finds support from accumulated volume at $26.52 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.425 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 2.74%.

Since the First Interstate BancSystem has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $25.54 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (FIBK) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect First Interstate BancSystem to open at $26.46, and during the day (based on 14 day Average True Range), to move between $25.83 and $27.31, which gives a possible trading interval of +/-$0.744 (+/-2.80%) up or down from last closing price. If First Interstate BancSystem takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $26.59 (0.08%) than the support at $26.52 (0.19%), 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 Interstate BancSystem stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.353 Buy Candidate Unchanged

Predicted Opening Price for First Interstate BancSystem of Thursday, April 25, 2024

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