Finward Bancorp Stock Forecast
Green day on Tuesday for Finward Bancorp stock after gaining 0.0412%
(Updated on Jun 18, 2024)
The Finward Bancorp stock price gained 0.0412% on the last trading day (Tuesday, 18th Jun 2024), rising from $24.30 to $24.31. During the last trading day the stock fluctuated 0.0412% from a day low at $24.30 to a day high of $24.31. The price has fallen in 6 of the last 10 days and is down by -1.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $57.61 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Finward Bancorp stock with a 90% probability to be traded between $23.87 and $24.44 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FNWD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.0412%. Further rise is indicated until a new top pivot has been found. Finward 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Finward 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 $24.35 and $24.51. 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).
A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 2.20% to $24.85 within 26 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Finward Bancorp stock
Finward Bancorp finds support from accumulated volume at $24.30 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 $0.0100 between high and low, or 0.0412%. For the last week the stock has had daily average volatility of 0.214%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FNWD) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Finward Bancorp to open at $24.31, and during the day (based on 14 day Average True Range), to move between $24.14 and $24.48, which gives a possible trading interval of +/-$0.169 (+/-0.69%) up or down from last closing price. If Finward Bancorp takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.30 (0.04%) than the resistance at $24.32 (0.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Finward Bancorp stock A Buy?
Finward Bancorp holds several negative signals and is within a narrow 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: -2.897 Sell Candidate Unchanged
Predicted Opening Price for Finward Bancorp of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $24.31 ( 0.0137%) | $24.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNWD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.32 | 0.0274% |
| R2 | 24.31 | 0.0117% |
| R1 | 24.31 | 0.0020% |
| Price | 24.31 | |
| S1 | 24.30 | -0.0294% |
| S2 | 24.30 | -0.0391% |
| S3 | 24.30 | -0.0548% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.48 | 0.699% |
| R2 | 24.45 | 0.576% |
| R1 | 24.32 | 0.0411% |
| Price | 24.31 | |
| S1 | 24.30 | -0.0411% |
| S2 | 0 | - |
| S3 | 0 | - |
FNWD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Apr 22, 2024 | May 06, 2024 | $0.120 | 0.487% |
| 2 | Dec 26, 2023 | Jan 22, 2024 | Feb 05, 2024 | $0.120 | 0.490% |
| 3 | Aug 21, 2023 | Sep 21, 2023 | Oct 05, 2023 | $0.310 | 1.47% |
| 4 | May 30, 2023 | Jun 22, 2023 | Jul 06, 2023 | $0.310 | 1.35% |
| 5 | Feb 24, 2023 | Mar 23, 2023 | Apr 06, 2023 | $0.310 | 1.07% |
FAQ
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