First US Bancshares Inc Stock Forecast
Weaker technical forecast for First US Bancshares Inc as stock downgraded to Sell Candidate.
(Updated on Apr 24, 2024)
No changes to the price of First US Bancshares Inc stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $9.77 to a day high of $9.77. The price has risen in 5 of the last 10 days and is up by 2.3% over the past 2 weeks.
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 $9.94 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 -7.90% during the next 3 months and, with a 90% probability hold a price between $7.65 and $9.16 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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FUSB Signals & Forecast
The First US Bancshares Inc 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 $9.64 and $9.54. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for First US Bancshares Inc stock
First US Bancshares Inc finds support from accumulated volume at $9.57 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.521%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUSB) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect First US Bancshares Inc to open at $9.77, and during the day (based on 14 day Average True Range), to move between $9.48 and $10.06, which gives a possible trading interval of +/-$0.289 (+/-2.96%) up or down from last closing price. If First US Bancshares Inc takes out the full calculated possible swing range there will be an estimated 5.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.80 (0.31%) than the support at $9.57 (2.05%), 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 First US Bancshares Inc stock A Buy?
First US Bancshares Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.015 Sell Candidate Downgraded
Predicted Opening Price for First US Bancshares Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $9.77 ( 0%) | $9.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUSB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.77 | . | |
| R2 | 9.77 | . | ||
| R1 | 9.77 | . | ||
| Current price: | 9.77 | |||
| Support | S1 | 9.77 | . | |
| S2 | 9.77 | . | ||
| S3 | 9.77 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.40 | 6.45 % | |
| R2 | 10.15 | 3.88 % | ||
| R1 | 9.80 | 0.308 % | ||
| Current price | 9.77 | |||
| Support | S1 | 9.57 | -2.05% | |
| S2 | 9.26 | -5.22% | ||
| S3 | 8.82 | -9.72% |
FUSB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 07, 2024 | Apr 01, 2024 | $0.0500 | 0.566% |
| 2 | Nov 15, 2023 | Dec 07, 2023 | Jan 02, 2024 | $0.0500 | 0.469% |
| 3 | Aug 30, 2023 | Sep 07, 2023 | Oct 02, 2023 | $0.0500 | 0.572% |
| 4 | May 24, 2023 | Jun 08, 2023 | Jul 03, 2023 | $0.0500 | 0.549% |
| 5 | Feb 22, 2023 | Mar 09, 2023 | Apr 03, 2023 | $0.0500 | 0.635% |
FAQ
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