Primis Financial Corp. Stock Forecast
Primis Financial Corp. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
No changes to the price of Primis Financial Corp. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 1.04% from a day low at $9.65 to a day high of $9.75. The price has fallen in 6 of the last 10 days and is down by -3.39% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.50 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.96% during the next 3 months and, with a 90% probability hold a price between $8.27 and $9.26 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FRST Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.47%. 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 Primis Financial Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.31. On a fall, the stock will find some support from the short-term average at $9.65. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Primis Financial Corp. stock
Primis Financial Corp. finds support from accumulated volume at $9.63 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.1000 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRST) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Primis Financial Corp. to open at $9.70, and during the day (based on 14 day Average True Range), to move between $9.48 and $9.90, which gives a possible trading interval of +/-$0.213 (+/-2.19%) up or down from last closing price. If Primis Financial Corp. takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.63 (0.62%) than the resistance at $10.56 (8.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Primis Financial Corp. stock A Buy?
Primis Financial Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.559 Sell Candidate Downgraded
Predicted Opening Price for Primis Financial Corp. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$9.70 ( 0.0688%) | $9.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRST
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 9.80 | 1.10% |
R2 | 9.76 | 0.707% |
R1 | 9.73 | 0.463% |
Price | 9.69 | |
S1 | 9.66 | -0.325% |
S2 | 9.63 | -0.569% |
S3 | 9.60 | -0.96% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 10.60 | 9.39% |
R2 | 10.58 | 9.18% |
R1 | 10.56 | 8.98% |
Price | 9.69 | |
S1 | 9.63 | -0.619% |
S2 | 9.60 | -0.93% |
S3 | 9.55 | -1.44% |
FRST Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | May 09, 2024 | May 24, 2024 | $0.100 | 0.93% |
2 | Jan 25, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.100 | 0.81% |
3 | Oct 26, 2023 | Nov 09, 2023 | Nov 24, 2023 | $0.100 | 1.00% |
4 | Jul 27, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.100 | 1.12% |
5 | Apr 27, 2023 | May 11, 2023 | May 26, 2023 | $0.100 | 1.34% |
FAQ
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