First Bancorp Stock Forecast
First Bancorp stock price ended at $24.23 on Wednesday, after losing 3.50%.
(Updated on Jul 03, 2024)
The First Bancorp stock price fell by -3.50% on the last day (Wednesday, 3rd Jul 2024) from $25.11 to $24.23. During the last trading day the stock fluctuated 3.56% from a day low at $24.23 to a day high of $25.09. The price has been going up and down for this period, and there has been a 4.57% gain for the last 2 weeks. 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 -1 thousand shares and in total, 13 thousand shares were bought and sold for approximately $309.76 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.17% during the next 3 months and, with a 90% probability hold a price between $24.19 and $26.46 at the end of this 3-month period.
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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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.23 and $23.77. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 02, 2024, and so far it has fallen -3.50%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for First Bancorp stock
On the downside, the stock finds support just below today's level from accumulated volume at $22.86 and $22.71. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, First Bancorp finds support just below today's level at $22.86. If this is broken, then the next support from accumulated volume will be at $22.71 and $22.69.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.86 between high and low, or 3.56%. For the last week the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: $23.21 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (FNLC) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect First Bancorp to open at $24.52, and during the day (based on 14 day Average True Range), to move between $23.54 and $24.92, which gives a possible trading interval of +/-$0.691 (+/-2.85%) up or down from last closing price. If First Bancorp takes out the full calculated possible swing range there will be an estimated 5.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.45 (0.91%) than the support at $22.86 (5.65%), 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 First Bancorp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Bancorp stock to perform well in the short-term.
Current score: 2.880 Buy Candidate Unchanged
Predicted Opening Price for First Bancorp of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$24.52 ( 1.19%) | $24.23 |
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 | |
---|---|---|
R3 | 25.38 | 4.75% |
R2 | 25.05 | 3.39% |
R1 | 24.85 | 2.55% |
Price | 24.23 | |
S1 | 24.19 | -0.173% |
S2 | 23.98 | -1.01% |
S3 | 23.65 | -2.37% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.85 | 2.56% |
R2 | 24.68 | 1.86% |
R1 | 24.45 | 0.91% |
Price | 24.23 | |
S1 | 22.86 | -5.65% |
S2 | 22.71 | -6.27% |
S3 | 22.69 | -6.36% |
FNLC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 27, 2024 | Jul 09, 2024 | Jul 19, 2024 | $0.360 | 1.49% |
2 | Apr 08, 2024 | Apr 08, 2024 | Apr 19, 2024 | $0.350 | 1.52% |
3 | Dec 21, 2023 | Jan 05, 2024 | Jan 19, 2024 | $0.350 | 1.35% |
4 | Sep 28, 2023 | Oct 06, 2023 | Oct 20, 2023 | $0.350 | 1.54% |
5 | Jun 29, 2023 | Jul 07, 2023 | Jul 20, 2023 | $0.350 | 1.29% |
FAQ
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