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 0.89% on Wednesday
(Updated on Jul 03, 2024)
The First Interstate BancSystem stock price fell by -0.89% on the last day (Wednesday, 3rd Jul 2024) from $27.96 to $27.71. During the last trading day the stock fluctuated 1.52% from a day low at $27.63 to a day high of $28.05. The price has risen in 7 of the last 10 days and is up by 6.86% over the past 2 weeks. Volume has increased on the last day by 140 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, 581 thousand shares were bought and sold for approximately $16.09 million.
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 $28.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.64% during the next 3 months and, with a 90% probability hold a price between $26.04 and $28.97 at the end of this 3-month period.
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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. 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 $27.18 and $26.68. 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, July 02, 2024, and so far it has fallen -0.89%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Tuesday, July 02, 2024 and based on theory for this formation the price should fall by -14.83% to $23.60 within 28 trading days (Monday, August 12, 2024) since signal was issued.
Support, Risk & Stop-loss for First Interstate BancSystem stock
First Interstate BancSystem finds support from accumulated volume at $27.11 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 $0.420 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: $26.92 (-2.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (FIBK) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect First Interstate BancSystem to open at $27.80, and during the day (based on 14 day Average True Range), to move between $27.06 and $28.36, which gives a possible trading interval of +/-$0.651 (+/-2.35%) up or down from last closing price. If First Interstate BancSystem takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.77 (0.22%) than the support at $27.11 (2.17%), 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, 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: 3.693 Buy Candidate Unchanged
Predicted Opening Price for First Interstate BancSystem of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $27.80 ( 0.313%) | $27.71 |
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 | 28.22 | 1.83% |
| R2 | 28.06 | 1.25% |
| R1 | 27.96 | 0.89% |
| Price | 27.71 | |
| S1 | 27.64 | -0.266% |
| S2 | 27.54 | -0.624% |
| S3 | 27.38 | -1.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.89 | 0.650% |
| R2 | 27.86 | 0.541% |
| R1 | 27.77 | 0.217% |
| Price | 27.71 | |
| S1 | 27.11 | -2.17% |
| S2 | 26.95 | -2.74% |
| S3 | 25.99 | -6.21% |
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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