RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FNLC
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Weaker technical forecast for First Bancorp as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Gain 3.14% PDF

The First Bancorp stock price gained 3.14% on the last trading day (Thursday, 28th Mar 2024), rising from $23.89 to $24.64. During the last trading day the stock fluctuated 4.83% from a day low at $23.54 to a day high of $24.68. The price has risen in 7 of the last 10 days and is up by 8.98% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $877.28 thousand.

Given the current short-term trend, the stock is expected to fall -16.81% during the next 3 months and, with a 90% probability hold a price between $18.13 and $20.50 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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FNLC Signals & Forecast

The First Bancorp 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 $23.45 and $23.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 8.98%. 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). First Bancorp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for First Bancorp stock

First Bancorp finds support from accumulated volume at $23.89 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.14 between high and low, or 4.83%. For the last week the stock has had daily average volatility of 2.26%.

Our recommended stop-loss: $23.70 (-3.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (FNLC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect First Bancorp to open at $24.29, and during the day (based on 14 day Average True Range), to move between $24.05 and $25.23, which gives a possible trading interval of +/-$0.593 (+/-2.41%) up or down from last closing price. If First Bancorp takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.89 (3.04%) than the resistance at $27.99 (13.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First Bancorp stock A Buy?

First Bancorp 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. 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 Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for First Bancorp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$24.29 ( 1.43%) $24.64

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

Trading levels for FNLC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.42 3.18 %
R2 24.99 1.42 %
R1 24.72 0.333 %
Current price: 24.64
Support S1 23.85 -3.19 %
S2 23.59 -4.28 %
S3 23.15 -6.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 28.72 16.56 %
R2 28.11 14.08 %
R1 27.99 13.60 %
Current price 24.64
Support S1 23.89 -3.04%
S2 23.44 -4.87%
S3 23.36 -5.19%

FNLC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 21, 2023 Jan 05, 2024 Jan 19, 2024 $0.350 1.35%
2 Sep 28, 2023 Oct 06, 2023 Oct 20, 2023 $0.350 1.54%
3 Jun 29, 2023 Jul 07, 2023 Jul 20, 2023 $0.350 1.29%
4 Mar 30, 2023 Apr 06, 2023 Apr 20, 2023 $0.340 1.36%
5 Dec 15, 2022 Jan 06, 2023 Jan 20, 2023 $0.340 1.17%

FAQ

What is the symbol for First Bancorp Stock and on which exchange is it traded?
The symbol for First Bancorp is FNLC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Bancorp Stock?
First Bancorp 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. 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 Hold/Accumulate candidate.

How to buy First Bancorp Stock?
First Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Bancorp Stock.

What's the current price of First Bancorp Stock?
As of the end of day on the 2024-03-28, the price of an First Bancorp (FNLC) share was $24.64.

What is the 52-week high and low for First Bancorp Stock?
The 52-week high for First Bancorp Stock is $29.16 and the 52-week low is $22.13.

What is the market capitalization of First Bancorp Stock?
As of the 2024-03-28, the market capitalization of First Bancorp is 274.246M.

When is the next earnings date for First Bancorp?
The upcoming earnings date for First Bancorp is Apr 17, 2024.
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About First Bancorp

First Ban The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. The company also provides commercial real estate loan products, such as mortgage loans to finance investments in real property comprising multi-family residential, ... FNLC Profile

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