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Today FNLC ranks #11444 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$30.10 (-0.69%)

Volume: 9k

Closed: Dec 03, 2021

Hollow Logo Score: -2.599

First Bancorp Stock Forecast

$30.10 (-0.69%)

Volume: 9k

Closed: Dec 03, 2021

Score Hollow Logo -2.599
Which way will FNLC go? Request
Key Stats
P/E Ratio 8.11
Beta 0.87
Trailing Dividend Rate 4.12% ($1.24)
* 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 45 and the stock is currently not being overbought or oversold

First Bancorp stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-02 Loss -0.69%

The First Bancorp stock price fell by -0.69% on the last day (Friday, 3rd Dec 2021) from $30.31 to $30.10. During the day the stock fluctuated 4.87% from a day low at $29.19 to a day high of $30.61. The price has fallen in 6 of the last 10 days and is down by -4.17% 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 -7 thousand shares and in total, 9 thousand shares were bought and sold for approximately $284.96 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 $29.47 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 10.57% during the next 3 months and, with a 90% probability hold a price between $32.59 and $36.20 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The First Bancorp 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 $30.35 and $30.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -7.07%. 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 stock had a Golden Star Signal on Monday, October 18, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, October 18, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

First Bancorp finds support from accumulated volume at $29.84 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 $1.42 between high and low, or 4.87%. For the last week the stock has had a daily average volatility of 5.56%.

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

Is First Bancorp stock A Buy?

The First Bancorp stock holds several negative signals and despite the positive trend, we believe First Bancorp 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 Buy to a Sell candidate.

Current score: -2.599

Predicted Opening Price for First Bancorp 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
$29.97 $30.10 (Overvalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 5.56 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.56 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $30.29
Price: $30.10
Support: $29.84

FNLC Insider Trading Show all Trades

INSIDER POWER

1.425

Last 100 transactions
Buy: 62 042 | Sell: 43 538 (Shares)
Date Action Amount Person Type
Jul 30, 2021 Sell 441 Mckim Tony C Common Stock
Jul 26, 2021 Buy 350 Swan Kimberly Common Stock
May 17, 2021 Sell 147 Norton Susan A Common Stock
May 17, 2021 Sell 143 Plummer Tammy L Common Stock
May 17, 2021 Sell 290 Tolman Sarah Common Stock
Show all Insider Trades
INSIDER POWER

1.425

Last 100 transactions
Buy: 62 042 | Sell: 43 538 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 31.39 4.28 %
30.85 2.48 %
30.51 1.36 %
Current price: 30.10
Support 29.43 -2.24 %
29.09 -3.35 %
28.55 -5.16 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 31.41 4.35 %
30.56 1.53 %
30.29 0.63 %
Current price 30.10
Support 29.84 -0.86%
29.67 -1.43%
28.14 -6.51%

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About First Bancorp

The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individual and corporate customers in coastal and eastern Maine. The company offers various deposit products, such as demand, checking, NOW, saving, money market, and certificates of deposit accounts. It also provides loan products, including commercial real estate, commercial construction, and other commercial... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

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