First Northwest Bancorp Stock Forecast

First Northwest Bancorp stock price took a fall of -7.24% on Tuesday
(Updated on Apr 30, 2024)

FNWB Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Northwest Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.78 and $13.61. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.99 between high and low, or 9.74%. For the last week, the stock has had daily average volatility of 5.63%.

First Northwest Bancorp is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (FNWB) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect First Northwest Bancorp to open at $10.52, and during the day (based on 14 day Average True Range), to move between $9.72 and $10.78, which gives a possible trading interval of +/-$0.526 (+/-5.13%) up or down from last closing price. If First Northwest Bancorp takes out the full calculated possible swing range there will be an estimated 10.26% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $10.64, some $0.390 (3.80%) from the current price of $10.25, our system finds the risk reward not very attractive.

Is First Northwest Bancorp stock A Buy?

First Northwest Bancorp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.925 Sell Candidate Unchanged

Predicted Opening Price for First Northwest Bancorp of Wednesday, May 1, 2024

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