First Northwest Bancorp Stock Forecast

Buy or Hold candidate since Dec 03, 2024 Loss -0.36%

The First Northwest Bancorp stock price fell by -0.360% on the last day (Wednesday, 4th Dec 2024) from $11.10 to $11.06. During the last trading day the stock fluctuated 1.96% from a day low at $10.99 to a day high of $11.20. The price has risen in 6 of the last 10 days and is up by 5.33% over the past 2 weeks. Volume has increased on the last day by 66 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 103 thousand shares were bought and sold for approximately $1.14 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Northwest Bancorp stock with a 90% probability to be traded between $9.87 and $11.85 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 stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Investment opportunities can be found at any hour. So, react immediately to market-moving news and capture more market opportunities when convenient for you. You can trade over 10,000 US Stocks and ETFs, US Equity Index options, US Treasuries – and more - around the clock. Interactive Brokers’ dual market centers ensure reliable and dependable overnight trading on your timetable. (Member SIPC)

FNWB Signals & Forecast

The First Northwest Bancorp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $11.31. On a fall, the stock will find some support from the long-term average at approximately $10.68. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, November 25, 2024, and so far it has fallen -5.39%. Further fall is indicated until a new bottom pivot has been found. First Northwest Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for First Northwest Bancorp stock

First Northwest Bancorp finds support from accumulated volume at $10.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.215 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 2.71%.

Our recommended stop-loss: $10.58 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (FNWB) For The Upcoming Trading Day Of Thursday 5th

For the upcoming trading day on Thursday, 5th we expect First Northwest Bancorp to open at $11.08, and during the day (based on 14 day Average True Range), to move between $10.70 and $11.42, which gives a possible trading interval of +/-$0.360 (+/-3.25%) up or down from last closing price. If First Northwest Bancorp takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.10 (0.36%) than the support at $10.73 (2.98%), 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 Northwest Bancorp stock A Buy?

First Northwest 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: -0.053 Hold/Accumulate Downgraded

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on December 5, 2024 - $11.08 ( 0.196%).