First Interstate BancSystem 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
First Interstate BancSystem stock price down 1.44% on Tuesday
(Updated on Apr 30, 2024)
The First Interstate BancSystem stock price fell by -1.44% on the last day (Tuesday, 30th Apr 2024) from $27.09 to $26.70. During the last trading day the stock fluctuated 1.46% from a day low at $26.65 to a day high of $27.04. The price has risen in 9 of the last 10 days and is up by 9.56% 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 -97 thousand shares and in total, 497 thousand shares were bought and sold for approximately $13.26 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Interstate BancSystem stock with a 90% probability to be traded between $23.99 and $27.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FIBK Signals & Forecast
The First Interstate BancSystem 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 $26.71. On a fall, the stock will find some support from the long-term average at approximately $25.93. 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. 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 Monday, April 29, 2024, and so far it has fallen -1.44%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Wednesday, March 27, 2024 and based on theory for this formation the price should fall by -14.19% to $22.91 within 16 trading days since signal was issued (Wednesday, May 01, 2024).
Support, Risk & Stop-loss for First Interstate BancSystem stock
First Interstate BancSystem finds support from accumulated volume at $26.66 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 $0.390 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $25.60 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FIBK) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect First Interstate BancSystem to open at $26.80, and during the day (based on 14 day Average True Range), to move between $25.99 and $27.41, which gives a possible trading interval of +/-$0.709 (+/-2.65%) up or down from last closing price. If First Interstate BancSystem takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.66 (0.15%) than the resistance at $26.95 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is First Interstate BancSystem stock A Buy?
First Interstate BancSystem holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.783 Hold/Accumulate Unchanged
Predicted Opening Price for First Interstate BancSystem of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $26.80 ( 0.362%) | $26.70 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 27.19 | 1.82 % | |
| R2 | 27.04 | 1.26 % | ||
| R1 | 26.95 | 0.92 % | ||
| Current price: | 26.70 | |||
| Support | S1 | 26.65 | -0.196 % | |
| S2 | 26.56 | -0.540 % | ||
| S3 | 26.41 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.52 | 3.07 % | |
| R2 | 27.00 | 1.12 % | ||
| R1 | 26.95 | 0.94 % | ||
| Current price | 26.70 | |||
| Support | S1 | 26.66 | -0.150% | |
| S2 | 26.09 | -2.28% | ||
| S3 | 25.21 | -5.58% |
FIBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 03, 2024 | May 16, 2024 | $0.470 | 1.76% |
| 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
Click here for our free guide on how to buy First Interstate BancSystem Stock.
