First United Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for First United Corporation stock after losing 0.314%
(Updated on Apr 24, 2024)
The First United Corporation stock price fell by -0.314% on the last day (Wednesday, 24th Apr 2024) from $22.27 to $22.20. During the last trading day the stock fluctuated 1.46% from a day low at $21.97 to a day high of $22.29. The price has risen in 5 of the last 10 days but is still down by -1.46% for this period. Volume has increased on the last day by 34 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, 49 thousand shares were bought and sold for approximately $1.08 million.
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 $21.57 and $23.18 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.
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FUNC Signals & Forecast
There are few to no technical positive signals at the moment. The First United Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $22.35. On a fall, the stock will find some support from the short-term average at $22.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -3.10%. 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). First United Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.320 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.32%.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect First United Corporation to open at $22.15, and during the day (based on 14 day Average True Range), to move between $21.78 and $22.62, which gives a possible trading interval of +/-$0.423 (+/-1.91%) up or down from last closing price. If First United Corporation takes out the full calculated possible swing range there will be an estimated 3.81% 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 (0.45%) than the resistance at $22.44 (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -2.993 Sell Candidate Unchanged
Predicted Opening Price for First United Corporation of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$22.15 ( 0.210%) | $22.20 |
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 | 22.47 | 1.23 % | |
R2 | 22.35 | 0.681 % | ||
R1 | 22.28 | 0.340 % | ||
Current price: | 22.20 | |||
Support | S1 | 22.03 | -0.761 % | |
S2 | 21.96 | -1.10 % | ||
S3 | 21.83 | -1.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.87 | 3.02 % | |
R2 | 22.53 | 1.49 % | ||
R1 | 22.44 | 1.08 % | ||
Current price | 22.20 | |||
Support | S1 | 22.10 | -0.450% | |
S2 | 21.80 | -1.80% | ||
S3 | 21.30 | -4.05% |
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
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