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First Midwest Bancorp Stock Forecast NASDAQ:FMBI

$20.64 (-3.28%)

Volume: 552k

Closed: Nov 26, 2021

Hollow Logo Score: 1.286

First Midwest Bancorp Stock Forecast

$20.64 (-3.28%)

Volume: 552k

Closed: Nov 26, 2021

Score Hollow Logo 1.286
Which way will FMBI go? Request
Stop-loss: $19.76 (-4.27%)
Key Stats
P/E Ratio 13.50
Beta 0.97
Trailing Dividend Rate 2.68% ($0.55)
Next Dividend Date Dec 03, 2021
* 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 49 and the stock is currently not being overbought or oversold

Red day on Friday for First Midwest Bancorp
(Updated on Nov 26, 2021)

Buy or Hold candidate since 2021-09-28 Gain 7.95%

The First Midwest Bancorp stock price fell by -3.28% on the last day (Friday, 26th Nov 2021) from $21.34 to $20.64. During the day the stock fluctuated 2.89% from a day low at $20.07 to a day high of $20.65. The price has fallen in 5 of the last 10 days and is down by -0.1% for this period. Volume has increased on the last day by 89 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, 552 thousand shares were bought and sold for approximately $11.39 million.

The stock lies in the middle of a strong 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 17.13% during the next 3 months and, with a 90% probability hold a price between $23.27 and $25.05 at the end of this 3-month period.

Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -3.28%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The First Midwest Bancorp 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 $20.89. On a fall, the stock will find some support from the long-term average at approximately $20.12. 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.

Support, Risk & Stop-loss

First Midwest Bancorp finds support from accumulated volume at $20.58 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 $0.58 between high and low, or 2.89%. For the last week, the stock has had a daily average volatility of 2.10%.

Our recommended stop-loss: $19.76 (-4.27%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 days ago.)

Is First Midwest Bancorp stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.286

Predicted Opening Price for First Midwest Bancorp of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$20.45 $20.64 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

On Aug 17, 2021 "Piper Sandler" gave "" rating for FMBI. The price target was changed from $18.39 to 0.8%.

Volatility and Risk
Daily Average Volatility: 2.10 %
Overall Risk: Very High High Medium Low Very Low
2.10 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $20.66
Price: $20.64
Support: $20.58

FMBI Insider Trading Show all Trades



Last 100 transactions
Buy: 203 688 | Sell: 94 013 (Shares)
Date Action Amount Person Type
Oct 20, 2021 Buy 695 Gill Phupinder Common Stock
Oct 20, 2021 Buy 695 Henseler Peter J Common Stock
Oct 20, 2021 Buy 695 Modruson Frank Blaise Common Stock
Oct 20, 2021 Buy 695 Rudnick Ellen A Common Stock
Oct 20, 2021 Buy 695 Boigegrain Barbara A Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 203 688 | Sell: 94 013 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 21.03 1.91 %
20.81 0.83 %
20.67 0.17 %
Current price: 20.64
Support 20.23 -1.98 %
20.09 -2.64 %
19.87 -3.71 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 21.34 3.39 %
21.12 2.33 %
20.66 0.0969 %
Current price 20.64
Support 20.58 -0.29%
19.25 -6.73%
17.93 -13.13%

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About First Midwest Bancorp

First Midwest Ban First Midwest Bancorp, Inc. operates as a bank holding company for First Midwest Bank that provides various banking products and services. The company accepts various deposits, such as checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. Its loan products include working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; s... Read more

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