FSB Bancorp Inc-NY Stock Forecast
FSB Bancorp Inc-NY stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The FSB Bancorp Inc-NY stock price gained 2.83% on the last trading day (Friday, 28th Jun 2024), rising from $23.00 to $23.65. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.42% from a day low at $23.13 to a day high of $23.92. The price has been going up and down for this period, and there has been a 1.81% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 480 thousand more shares were traded than the day before. In total, 551 thousand shares were bought and sold for approximately $13.03 million.
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 6.82% during the next 3 months and, with a 90% probability hold a price between $24.09 and $25.79 at the end of this 3-month period.
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FSBC Signals & Forecast
Mostly positive signals in the chart today. The FSB Bancorp Inc-NY stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.85 and $22.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 5.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for FSB Bancorp Inc-NY stock
FSB Bancorp Inc-NY finds support from accumulated volume at $22.81 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 $0.790 between high and low, or 3.42%. For the last week the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: $22.50 (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (FSBC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect FSB Bancorp Inc-NY to open at $23.57, and during the day (based on 14 day Average True Range), to move between $23.13 and $24.17, which gives a possible trading interval of +/-$0.518 (+/-2.19%) up or down from last closing price. If FSB Bancorp Inc-NY takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $22.81, some $0.84 (3.55%) from the current price of $23.65, our system finds the risk reward attractive.
Is FSB Bancorp Inc-NY 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 FSB Bancorp Inc-NY 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: 4.386 Buy Candidate Upgraded
Predicted Opening Price for FSB Bancorp Inc-NY of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $23.57 ( 0.352%) | $23.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSBC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.36 | 2.99% |
| R2 | 24.05 | 1.71% |
| R1 | 23.87 | 0.92% |
| Price | 23.65 | |
| S1 | 23.26 | -1.63% |
| S2 | 23.08 | -2.42% |
| S3 | 22.78 | -3.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 23.65 | |
| S1 | 22.81 | -3.55% |
| S2 | 22.18 | -6.22% |
| S3 | 22.00 | -6.98% |
FSBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | May 03, 2024 | May 13, 2024 | $0.200 | 0.90% |
| 2 | Feb 02, 2024 | Feb 02, 2024 | Feb 12, 2024 | $0.200 | 0.84% |
| 3 | Oct 20, 2023 | Nov 03, 2023 | Nov 13, 2023 | $0.200 | 0.94% |
| 4 | Jul 20, 2023 | Aug 04, 2023 | Aug 14, 2023 | $0.200 | 0.87% |
| 5 | Apr 20, 2023 | May 05, 2023 | Aug 14, 2023 | $0.200 | 0.87% |
FAQ
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