Stronger technical forecast for First Northwest Bancorp stock price after Friday trading.
(Updated on Dec 03, 2021)
Buy or Hold candidate since 2021-11-24 Loss -2.58% PDF
The First Northwest Bancorp stock price gained 0.0541% on the last trading day (Friday, 3rd Dec 2021), rising from $18.48 to $18.49. During the day the stock fluctuated 2.15% from a day low at $18.10 to a day high of $18.49. The price has fallen in 5 of the last 10 days and is down by -2.94% for this period. Volume fell on the last day by -7 thousand shares and in total, 25 thousand shares were bought and sold for approximately $460.49 thousand. 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 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 6.87% during the next 3 months and, with a 90% probability hold a price between $18.70 and $20.55 at the end of this 3-month period.
Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, November 19, 2021, and so far it has fallen -2.94%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The First Northwest 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 $18.49 and $18.27. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss
First Northwest Bancorp finds support from accumulated volume at $18.28 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 $0.39 between high and low, or 2.15%. For the last week the stock has had a daily average volatility of 2.47%
Our recommended stop-loss: $17.68 (-4.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Is First Northwest 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 Northwest Bancorp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.537
Predicted Opening Price for First Northwest 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|
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On Sep 01, 2021 "Piper Sandler" gave "$20.00" rating for FNWB. The price target was set to $18.84+0.2%.
FNWB Insider Trading
|Nov 07, 2021||Buy||2 828||Galanda Gabriel Steven||Common Stock|
|Nov 03, 2021||Buy||1 670||Tonina Norman J. Jr.||Common Stock|
|Sep 07, 2021||Sell||399||Riffle Christopher J||Common Stock|
|Sep 07, 2021||Sell||381||Anderson Terry A||Common Stock|
|Sep 07, 2021||Sell||399||Liske Kelly A.||Common Stock|
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