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AI Analysis of FULT
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Fulton Financial Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -0.19% PDF

The Fulton Financial Corporation stock price fell by -0.188% on the last day (Thursday, 28th Mar 2024) from $15.92 to $15.89. During the last trading day the stock fluctuated 1.69% from a day low at $15.68 to a day high of $15.95. The price has risen in 5 of the last 10 days and is up by 7.36% over the past 2 weeks. Volume has increased on the last day by 588 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $20.79 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $15.90 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.57% during the next 3 months and, with a 90% probability hold a price between $13.53 and $15.02 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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FULT Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.188%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Fulton Financial Corporation 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 $15.57 and $15.38. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Fulton Financial Corporation stock

Fulton Financial Corporation finds support from accumulated volume at $15.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.265 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 2.21%.

Our recommended stop-loss: $15.42 (-2.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (FULT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Fulton Financial Corporation to open at $15.84, and during the day (based on 14 day Average True Range), to move between $15.49 and $16.29, which gives a possible trading interval of +/-$0.404 (+/-2.54%) up or down from last closing price. If Fulton Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.93 (0.25%) than the support at $15.59 (1.89%), 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 Fulton Financial Corporation stock A Buy?

Fulton Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.714 Hold/Accumulate Downgraded

Predicted Opening Price for Fulton Financial Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$15.84 ( 0.325%) $15.89

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FULT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.10 1.34 %
R2 16.00 0.705 %
R1 15.94 0.312 %
Current price: 15.89
Support S1 15.74 -0.96 %
S2 15.67 -1.36 %
S3 15.57 -1.99 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.19 1.89 %
R2 15.96 0.441 %
R1 15.93 0.252 %
Current price 15.89
Support S1 15.59 -1.89%
S2 15.45 -2.77%
S3 15.31 -3.65%

FULT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 Apr 15, 2024 $0.170 1.07%
2 Dec 19, 2023 Dec 29, 2023 Jan 12, 2024 $0.170 1.07%
3 Sep 19, 2023 Sep 29, 2023 Oct 13, 2023 $0.160 1.32%
4 Jun 20, 2023 Jun 30, 2023 Jul 14, 2023 $0.160 1.30%
5 Mar 21, 2023 Mar 31, 2023 Apr 14, 2023 $0.150 1.13%

FAQ

What is the symbol for Fulton Financial Corporation Stock and on which exchange is it traded?
The symbol for Fulton Financial Corporation is FULT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Fulton Financial Corporation Stock?
Fulton Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Fulton Financial Corporation Stock?
Fulton Financial Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fulton Financial Corporation Stock.

What's the current price of Fulton Financial Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Fulton Financial Corporation (FULT) share was $15.89.

What is the 52-week high and low for Fulton Financial Corporation Stock?
The 52-week high for Fulton Financial Corporation Stock is $17.05 and the 52-week low is $9.64.

What is the market capitalization of Fulton Financial Corporation Stock?
As of the 2024-03-28, the market capitalization of Fulton Financial Corporation is 2.574B.

When is the next earnings date for Fulton Financial Corporation?
The upcoming earnings date for Fulton Financial Corporation is Apr 16, 2024.
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About Fulton Financial Corporation

Fulton Financial Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers secured consumer loans, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; ... FULT Profile

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