FS Bancorp Stock Forecast
FS Bancorp stock price up 1.05% on Friday
(Updated on May 03, 2024)
The FS Bancorp stock price gained 1.05% on the last trading day (Friday, 3rd May 2024), rising from $32.46 to $32.80. 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 6.04% from a day low at $31.11 to a day high of $32.99. The price has risen in 8 of the last 10 days and is up by 4.13% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 8 thousand shares were bought and sold for approximately $275.91 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.71% during the next 3 months and, with a 90% probability hold a price between $28.75 and $32.32 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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FSBW Signals & Forecast
The FS Bancorp 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 $31.82 and $32.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.18%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for FS Bancorp stock
FS Bancorp finds support from accumulated volume at $32.39 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 $1.88 between high and low, or 6.04%. For the last week the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: $31.43 (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (FSBW) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect FS Bancorp to open at $32.30, and during the day (based on 14 day Average True Range), to move between $31.94 and $33.66, which gives a possible trading interval of +/-$0.86 (+/-2.62%) up or down from last closing price. If FS Bancorp takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.20 (1.22%) than the support at $32.39 (1.25%), 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, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.754 Buy Candidate Unchanged
Predicted Opening Price for FS Bancorp of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $32.30 ( 1.52%) | $32.80 |
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 | 34.18 | 4.21 % | |
| R2 | 33.46 | 2.02 % | ||
| R1 | 33.02 | 0.665 % | ||
| Current price: | 32.80 | |||
| Support | S1 | 31.58 | -3.71 % | |
| S2 | 31.14 | -5.07 % | ||
| S3 | 30.42 | -7.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.37 | 1.74 % | |
| R2 | 33.27 | 1.43 % | ||
| R1 | 33.20 | 1.22 % | ||
| Current price | 32.80 | |||
| Support | S1 | 32.39 | -1.25% | |
| S2 | 31.44 | -4.15% | ||
| S3 | 31.38 | -4.33% |
FSBW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 08, 2024 | $0 | 0% |
| 2 | Jan 24, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.260 | 0.783% |
| 3 | Oct 25, 2023 | Nov 08, 2023 | Nov 22, 2023 | $0.250 | 0.799% |
| 4 | Jul 26, 2023 | Aug 09, 2023 | Aug 24, 2023 | $0.250 | 0.81% |
| 5 | Apr 26, 2023 | May 10, 2023 | May 25, 2023 | $0.250 | 0.86% |
FAQ
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