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First Mid-Illinois Bancshares Stock Forecast NASDAQ:FMBH

$42.26 (-1.72%)

Volume: 18k

Closed: Dec 03, 2021

Hollow Logo Score: -3.020

First Mid-Illinois Bancshares Stock Forecast

$42.26 (-1.72%)

Volume: 18k

Closed: Dec 03, 2021

Score Hollow Logo -3.020
Which way will FMBH go? Request
Key Stats
Beta 0.85
Trailing Dividend Rate 2% ($0.84)
* 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 32 and the stock is currently not being overbought or oversold

Red day on Friday for First Mid-Illinois Bancshares stock after losing 1.72%
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The First Mid-Illinois Bancshares stock price fell by -1.72% on the last day (Friday, 3rd Dec 2021) from $43.00 to $42.26. During the day the stock fluctuated 2.88% from a day low at $41.30 to a day high of $42.49. The price has fallen in 5 of the last 10 days and is down by -3.95% for this period. 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 -1 thousand shares and in total, 18 thousand shares were bought and sold for approximately $759.07 thousand.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $42.08 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.33% during the next 3 months and, with a 90% probability hold a price between $47.69 and $53.15 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The First Mid-Illinois Bancshares stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $42.45 and $43.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -6.71%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

First Mid-Illinois Bancshares finds support from accumulated volume at $42.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.19 between high and low, or 2.88%. For the last week the stock has had a daily average volatility of 3.10%.

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

Is First Mid-Illinois Bancshares stock A Buy?

The First Mid-Illinois Bancshares stock holds several negative signals and despite the positive trend, we believe First Mid-Illinois Bancshares will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.020

Predicted Opening Price for First Mid-Illinois Bancshares of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$42.02 $42.26 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

Stephens is very positive about FMBH and gave it a "Equal Weight - Overweight" rating on Nov 12, 2020. The price target was changed from $30.00 to $34.00.

Volatility and Risk
Daily Average Volatility: 3.10 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.10 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $44.33
Price: $42.26
Support: $42.00

FMBH Insider Trading Show all Trades

INSIDER POWER

0.876

Last 100 transactions
Buy: 56 716 | Sell: 64 759 (Shares)
Date Action Amount Person Type
Nov 24, 2021 Buy 153 Mccurry James Kyle Common Stock
Oct 01, 2021 Buy 280 Horn Zachary Common Stock
Oct 01, 2021 Buy 140 Crowder Jason M Common Stock
Oct 01, 2021 Buy 108 Taylor Michael L Common Stock
Oct 01, 2021 Buy 87 Smith Matthew K Common Stock
Show all Insider Trades
INSIDER POWER

0.876

Last 100 transactions
Buy: 56 716 | Sell: 64 759 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 43.21 2.24 %
42.75 1.16 %
42.47 0.50 %
Current price: 42.26
Support 41.56 -1.65 %
41.28 -2.32 %
40.83 -3.39 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 45.10 6.72 %
44.53 5.37 %
44.33 4.90 %
Current price 42.26
Support 42.00 -0.62%
40.42 -4.35%
38.10 -9.84%

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About First Mid-Illinois Bancshares

First Mid-Illinois Bancshares First Mid-Illinois Bancshares, Inc., through its subsidiaries, provides community banking products and services for commercial, retail, and agricultural customers in the United States. The company accepts various deposit products, such as demand, money market, and time deposits, as well as savings and NOW accounts. Its loan portfolio includes commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential... Read more

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