F & M Bank Corp. Stock Forecast
Weaker technical forecast for F & M Bank Corp. as stock downgraded to Sell Candidate.
(Updated on Jun 24, 2024)
The F & M Bank Corp. stock price fell by -0.641% on the last day (Monday, 24th Jun 2024) from $15.61 to $15.51. During the last trading day the stock fluctuated 2.90% from a day low at $15.51 to a day high of $15.96. The price has fallen in 4 of the last 10 days and is down by -7.51% 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 -4 thousand shares and in total, 4 thousand shares were bought and sold for approximately $68.40 thousand.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $15.63. A reaction back to this level may hold a second chance to get out before further falls.
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FMBM Signals & Forecast
There are few to no technical positive signals at the moment. The F & M Bank Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $16.41 and $16.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -10.09%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for F & M Bank Corp. stock
F & M Bank Corp. finds support from accumulated volume at $15.50 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 $0.450 between high and low, or 2.90%. For the last week the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FMBM) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect F & M Bank Corp. to open at $15.66, and during the day (based on 14 day Average True Range), to move between $15.13 and $15.89, which gives a possible trading interval of +/-$0.382 (+/-2.46%) up or down from last closing price. If F & M Bank Corp. takes out the full calculated possible swing range there will be an estimated 4.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.50 (0.06%) than the resistance at $16.00 (3.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is F & M Bank Corp. stock A Buy?
The F & M Bank Corp. stock holds several negative signals and despite the positive trend, we believe F & M Bank Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.814 Sell Candidate Downgraded
Predicted Opening Price for F & M Bank Corp. of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$15.66 ( 0.97%) | $15.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMBM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.11 | 3.87% |
R2 | 15.94 | 2.76% |
R1 | 15.83 | 2.08% |
Price | 15.51 | |
S1 | 15.49 | -0.141% |
S2 | 15.38 | -0.83% |
S3 | 15.21 | -1.93% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.41 | 5.80% |
R2 | 16.30 | 5.09% |
R1 | 16.00 | 3.16% |
Price | 15.51 | |
S1 | 15.50 | -0.0645% |
S2 | 15.40 | -0.709% |
S3 | 0 | - |
FMBM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 14, 2024 | May 14, 2024 | May 30, 2024 | $0.260 | 1.52% |
2 | Jan 18, 2024 | Feb 13, 2024 | Feb 29, 2024 | $0.260 | 1.44% |
3 | Oct 19, 2023 | Nov 13, 2023 | Nov 29, 2023 | $0.260 | 1.68% |
4 | Jul 20, 2023 | Aug 11, 2023 | Aug 29, 2023 | $0.260 | 1.23% |
5 | Apr 26, 2023 | May 12, 2023 | Aug 29, 2023 | $0.260 | 1.23% |
FAQ
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