F & M Bank Corp. Stock Forecast
Weaker technical forecast for F & M Bank Corp. as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
No changes to the price of F & M Bank Corp. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $15.90 to a day high of $15.90. The price has risen in 4 of the last 10 days but is still down by -5.75% for this period.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.55 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 3.09% during the next 3 months and, with a 90% probability hold a price between $16.03 and $18.00 at the end of this 3-month period.
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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. 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 $15.90 and $16.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Monday, May 20, 2024 and based on theory for this formation the price should go up by 7.53% to $17.10 within 14 trading days since signal was issued (Monday, June 10, 2024).
Support, Risk & Stop-loss for F & M Bank Corp. stock
F & M Bank Corp. finds support from accumulated volume at $15.61 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.784%
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect F & M Bank Corp. to open at $15.90, and during the day (based on 14 day Average True Range), to move between $15.59 and $16.21, which gives a possible trading interval of +/-$0.305 (+/-1.92%) 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 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.00 (0.63%) than the support at $15.61 (1.82%), 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 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: -1.652 Sell Candidate Downgraded
Predicted Opening Price for F & M Bank Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $15.90 ( 0%) | $15.90 |
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 | 15.90 | - |
| R2 | 15.90 | - |
| R1 | 15.90 | - |
| Price | 15.90 | |
| S1 | 15.90 | - |
| S2 | 15.90 | - |
| S3 | 15.90 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.41 | 3.21% |
| R2 | 16.30 | 2.52% |
| R1 | 16.00 | 0.629% |
| Price | 15.90 | |
| S1 | 15.61 | -1.82% |
| S2 | 15.50 | -2.52% |
| S3 | 15.40 | -3.14% |
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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