First National Corporation Stock Forecast

Stronger technical forecast for First National Corporation stock price after Thursday trading.
(Updated on Apr 25, 2024)

FXNC Signals & Forecast

There are mixed signals in the stock today. The First National 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 $15.06 and $16.38. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.602%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for First National Corporation stock

First National Corporation finds support from accumulated volume at $15.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0950 between high and low, or 0.632%. For the last week the stock has had daily average volatility of 2.41%.

Our recommended stop-loss: $14.10 (-6.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (FXNC) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect First National Corporation to open at $15.06, and during the day (based on 14 day Average True Range), to move between $14.54 and $15.52, which gives a possible trading interval of +/-$0.487 (+/-3.24%) up or down from last closing price. If First National Corporation takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.05 (0.13%) than the support at $15.00 (0.20%), 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 National Corporation stock A Buy?

First National 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.754 Hold/Accumulate Upgraded

Predicted Opening Price for First National Corporation of Friday, April 26, 2024

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