First United Corporation Stock Forecast
First United Corporation stock price ended at $22.18 on Friday, after gaining 0.362%.
(Updated on Apr 19, 2024)
The First United Corporation stock price gained 0.362% on the last trading day (Friday, 19th Apr 2024), rising from $22.10 to $22.18. 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 1.47% from a day low at $22.13 to a day high of $22.46. The price has risen in 5 of the last 10 days but is still down by -1.6% for this period. Volume fell on the last day by -35 thousand shares and in total, 25 thousand shares were bought and sold for approximately $555.05 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First United Corporation stock with a 90% probability to be traded between $21.25 and $22.94 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FUNC Signals & Forecast
There are few to no technical positive signals at the moment. The First United Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $22.21 and $22.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -3.19%. 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 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 First United Corporation stock
First United Corporation finds support from accumulated volume at $22.10 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.325 between high and low, or 1.47%. For the last week the stock has had daily average volatility of 1.89%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUNC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect First United Corporation to open at $22.26, and during the day (based on 14 day Average True Range), to move between $21.73 and $22.63, which gives a possible trading interval of +/-$0.453 (+/-2.04%) up or down from last closing price. If First United Corporation takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.10 (0.36%) than the resistance at $22.53 (1.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
First United Corporation will release earnings BMO on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.560. We will update the financials statements for First United Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.80% in the first trading day after earnings release.
Is First United Corporation stock A Buy?
First United Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.283 Sell Candidate Unchanged
Predicted Opening Price for First United Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $22.26 ( 0.338%) | $22.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUNC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.58 | 1.80 % | |
| R2 | 22.46 | 1.24 % | ||
| R1 | 22.38 | 0.90 % | ||
| Current price: | 22.18 | |||
| Support | S1 | 22.13 | -0.222 % | |
| S2 | 22.05 | -0.567 % | ||
| S3 | 21.93 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.16 | 4.42 % | |
| R2 | 22.87 | 3.11 % | ||
| R1 | 22.53 | 1.58 % | ||
| Current price | 22.18 | |||
| Support | S1 | 22.10 | -0.361% | |
| S2 | 21.80 | -1.71% | ||
| S3 | 21.30 | -3.97% |
FUNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 16, 2024 | May 01, 2024 | $0.200 | 0.90% |
| 2 | Nov 29, 2023 | Jan 17, 2024 | Feb 01, 2024 | $0.200 | 0.89% |
| 3 | Sep 27, 2023 | Oct 17, 2023 | Nov 01, 2023 | $0.200 | 1.20% |
| 4 | Jun 28, 2023 | Jul 17, 2023 | Aug 01, 2023 | $0.200 | 1.17% |
| 5 | Mar 08, 2023 | Apr 14, 2023 | May 01, 2023 | $0.200 | 1.39% |
FAQ
Click here for our free guide on how to buy First United Corporation Stock.
