Green day on Wednesday for Financial Institutions stock after gaining 0.54%
(Updated on Dec 08, 2021)
Sell candidate since 2021-12-08 PDF
The Financial Institutions stock price gained 0.54% on the last trading day (Wednesday, 8th Dec 2021), rising from $31.76 to $31.93. During the day the stock fluctuated 1.91% from a day low at $31.71 to a day high of $32.32. The price has fallen in 6 of the last 10 days and is down by -4% for this period. Volume fell on the last day by -11 thousand shares and in total, 16 thousand shares were bought and sold for approximately $515.41 thousand. 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 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 9.76% during the next 3 months and, with a 90% probability hold a price between $34.13 and $37.89 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Financial Institutions stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $32.26. On a fall, the stock will find some support from the short-term average at $31.68. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -4.54%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss
Financial Institutions finds support from accumulated volume at $31.91 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.60 between high and low, or 1.91%. For the last week the stock has had a daily average volatility of 2.58%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Financial Institutions stock A Buy?
The Financial Institutions stock holds several negative signals and despite the positive trend, we believe Financial Institutions will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.121
Predicted Opening Price for Financial Institutions of Thursday, December 9, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 9, 2021||Current price|
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Sidoti is very positive about FISI and gave it a "Neutral - Buy" rating on Oct 30, 2020. The price target was set to $25.00.
FISI Insider Trading
|Oct 27, 2021||Buy||3 000||Collins Laurie R||Restricted Stock Unit|
|Oct 06, 2021||Buy||1 875||Holliday Susan R||Common Stock|
|Sep 14, 2021||Buy||500||Burruano Samuel J Jr||Common Stock|
|Sep 03, 2021||Buy||1 000||Birmingham Martin Kearney||Common Stock|
|Sep 01, 2021||Buy||637||Plants William Jack Ii||Common Stock|
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