FNB Corporation Stock Forecast
Green day on Tuesday for FNB Corporation stock after gaining 1.10%
(Updated on Jul 02, 2024)
The FNB Corporation stock price gained 1.10% on the last trading day (Tuesday, 2nd Jul 2024), rising from $13.66 to $13.81. During the last trading day the stock fluctuated 1.61% from a day low at $13.64 to a day high of $13.86. The price has risen in 8 of the last 10 days and is up by 6.81% over the past 2 weeks. Volume fell on the last day by -417 thousand shares and in total, 1 million shares were bought and sold for approximately $17.71 million. 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $14.08 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect FNB Corporation stock with a 90% probability to be traded between $12.39 and $13.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FNB Signals & Forecast
The FNB Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.40 and $13.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 8.57%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for FNB Corporation stock
FNB Corporation finds support from accumulated volume at $13.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.220 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: $13.39 (-3.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (FNB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect FNB Corporation to open at $13.77, and during the day (based on 14 day Average True Range), to move between $13.54 and $14.08, which gives a possible trading interval of +/-$0.269 (+/-1.95%) up or down from last closing price. If FNB Corporation takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.87 (0.43%) than the support at $13.59 (1.59%), 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 FNB Corporation stock A Buy?
FNB Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.286 Hold/Accumulate Unchanged
Predicted Opening Price for FNB Corporation of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$13.77 ( 0.290%) | $13.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.99 | 1.30% |
R2 | 13.91 | 0.695% |
R1 | 13.85 | 0.319% |
Price | 13.81 | |
S1 | 13.69 | -0.90% |
S2 | 13.63 | -1.27% |
S3 | 13.55 | -1.88% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.12 | 2.24% |
R2 | 13.96 | 1.09% |
R1 | 13.87 | 0.434% |
Price | 13.81 | |
S1 | 13.59 | -1.59% |
S2 | 13.34 | -3.40% |
S3 | 12.76 | -7.60% |
FNB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 06, 2024 | Jun 06, 2024 | Jun 15, 2024 | $0.120 | 0.94% |
2 | Feb 13, 2024 | Mar 05, 2024 | Mar 15, 2024 | $0.120 | 0.90% |
3 | Oct 19, 2023 | Dec 04, 2023 | Dec 15, 2023 | $0.120 | 0.88% |
4 | Jul 18, 2023 | Sep 01, 2023 | Sep 15, 2023 | $0.120 | 1.06% |
5 | Apr 17, 2023 | Jun 01, 2023 | Jun 15, 2023 | $0.120 | 1.01% |
FAQ
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