FS Bancorp Stock Forecast
FS Bancorp stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)
The FS Bancorp stock price gained 2.94% on the last trading day (Thursday, 28th Mar 2024), rising from $33.72 to $34.71. During the last trading day the stock fluctuated 3.07% from a day low at $33.68 to a day high of $34.71. The price has been going up and down for this period, and there has been a 8.06% 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, 8 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $549.32 thousand.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $33.78, a level that may pose a second chance to hit a runner. According to fan-theory $37.61 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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FSBW Signals & Forecast
Mostly positive signals in the chart today. The FS Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.61 and $33.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 8.74%. 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). FS 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for FS Bancorp stock
FS Bancorp finds support from accumulated volume at $33.37 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 $1.04 between high and low, or 3.07%. For the last week the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: $33.45 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (FSBW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect FS Bancorp to open at $34.37, and during the day (based on 14 day Average True Range), to move between $33.82 and $35.60, which gives a possible trading interval of +/-$0.89 (+/-2.55%) up or down from last closing price. If FS Bancorp takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.43 (2.07%) than the support at $33.37 (3.86%), 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 FS Bancorp stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.166 Buy Candidate Upgraded
Predicted Opening Price for FS Bancorp of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$34.37 ( 0.99%) | $34.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSBW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.40 | 1.99 % | |
R2 | 35.00 | 0.85 % | ||
R1 | 34.76 | 0.145 % | ||
Current price: | 34.71 | |||
Support | S1 | 33.97 | -2.13 % | |
S2 | 33.73 | -2.84 % | ||
S3 | 33.33 | -3.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.59 | 8.30 % | |
R2 | 37.09 | 6.86 % | ||
R1 | 35.43 | 2.07 % | ||
Current price | 34.71 | |||
Support | S1 | 33.37 | -3.86% | |
S2 | 33.27 | -4.15% | ||
S3 | 32.39 | -6.68% |
FSBW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 24, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.260 | 0.783% |
2 | Oct 25, 2023 | Nov 08, 2023 | Nov 22, 2023 | $0.250 | 0.799% |
3 | Jul 26, 2023 | Aug 09, 2023 | Aug 24, 2023 | $0.250 | 0.81% |
4 | Apr 26, 2023 | May 10, 2023 | May 25, 2023 | $0.250 | 0.86% |
5 | Jan 25, 2023 | Feb 08, 2023 | Feb 23, 2023 | $0.250 | 0.689% |
FAQ
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