First US Bancshares Inc Stock Forecast
Stronger technical forecast for First US Bancshares Inc stock price after Thursday trading.
(Updated on May 02, 2024)
The First US Bancshares Inc stock price gained 1.95% on the last trading day (Thursday, 2nd May 2024), rising from $10.25 to $10.45. During the last trading day the stock fluctuated 1.95% from a day low at $10.25 to a day high of $10.45. The price has risen in 6 of the last 10 days and is up by 8.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $54.72 thousand.
Given the current short-term trend, the stock is expected to fall -5.69% during the next 3 months and, with a 90% probability hold a price between $7.86 and $9.86 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 $10.09 and $9.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 20.67%. Further rise is indicated until a new top pivot has been found. First US Bancshares Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for First US Bancshares Inc stock
First US Bancshares Inc finds support from accumulated volume at $10.40 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 $0.200 (1.95%) between high and low. For the last week, the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: $10.06 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (FUSB) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect First US Bancshares Inc to open at $10.38, and during the day (based on 14 day Average True Range), to move between $10.19 and $10.71, which gives a possible trading interval of +/-$0.256 (+/-2.45%) 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 4.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $10.40, some $0.0500 (0.48%) from the current price of $10.45, our system finds the risk reward attractive.
Is First US Bancshares Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.201 Buy Candidate Upgraded
Predicted Opening Price for First US Bancshares Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $10.38 ( 0.638%) | $10.45 |
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 | 10.58 | 1.28 % | |
| R2 | 10.51 | 0.545 % | ||
| R1 | 10.46 | 0.0931 % | ||
| Current price: | 10.45 | |||
| Support | S1 | 10.31 | -1.37 % | |
| S2 | 10.26 | -1.82 % | ||
| S3 | 10.18 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 10.45 | |||
| Support | S1 | 10.40 | -0.478% | |
| S2 | 10.15 | -2.89% | ||
| S3 | 9.80 | -6.22% |
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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