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1st Source Corporation Stock Forecast NASDAQ:SRCE

$47.85 (0.76%)

Volume: 44k

Closed: Dec 08, 2021

Hollow Logo Score: 0.379

1st Source Corporation Stock Forecast

$47.85 (0.76%)

Volume: 44k

Closed: Dec 08, 2021

Score Hollow Logo 0.379
Which way will SRCE go? Request
Stop-loss: $45.37 (-5.19%)
Key Stats
P/E Ratio 10.23
Beta 0.97
Trailing Dividend Rate 2.52% ($1.20)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 42 and the stock is currently not being overbought or oversold

1st Source Corporation stock upgraded to Hold/Accumulate.
(Updated on Dec 08, 2021)


Hold candidate since 2021-12-08

The 1st Source Corporation stock price gained 0.76% on the last trading day (Wednesday, 8th Dec 2021), rising from $47.49 to $47.85. During the day the stock fluctuated 1.81% from a day low at $47.12 to a day high of $47.98. The price has fallen in 6 of the last 10 days and is down by -5.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately $2.08 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.06% during the next 3 months and, with a 90% probability hold a price between $49.86 and $55.48 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 3.46%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 1st Source 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 $49.03. On a fall, the stock will find some support from the short-term average at $47.45. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, August 30, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, August 30, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

1st Source Corporation finds support from accumulated volume at $47.47 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.86 between high and low, or 1.81%. For the last week, the stock has had a daily average volatility of 2.76%.

Our recommended stop-loss: $45.37 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Is 1st Source Corporation stock A Buy?

1st Source 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: 0.379

Predicted Opening Price for 1st Source Corporation of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$47.65 $47.85 (Overvalued)
Hold/Accumulate Upgraded

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Analyst Ratings

Piper Sandler is very positive about SRCE and gave it a "Overweight" rating on Oct 26, 2020. The price target was changed from $40.00 to $44.00.

Volatility and Risk
Daily Average Volatility: 2.76 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.76 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $48.34
Price: $47.85
Support: $47.47

SRCE Insider Trading Show all Trades

INSIDER POWER

2.876

Last 100 transactions
Buy: 158 001 | Sell: 54 945 (Shares)
Date Action Amount Person Type
Nov 05, 2021 Buy 228 Schurz Todd F. Common Stock
Nov 05, 2021 Buy 321 Affleck-graves John F Common Stock
Nov 05, 2021 Buy 280 Shrewsbury Ronda Common Stock
Nov 05, 2021 Buy 238 Schwabero Mark D Common Stock
Nov 05, 2021 Buy 228 Graham Tracy D Common Stock
Show all Insider Trades
INSIDER POWER

2.876

Last 100 transactions
Buy: 158 001 | Sell: 54 945 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 48.51 1.37 %
48.18 0.69 %
47.98 0.27 %
Current price: 47.85
Support 47.32 -1.10 %
47.12 -1.52 %
46.80 -2.20 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 50.06 4.62 %
49.93 4.35 %
48.34 1.02 %
Current price 47.85
Support 47.47 -0.79%
46.25 -3.34%
45.26 -5.41%

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About 1st Source Corporation

1st Source 1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; and individual retirement accounts; on-line and mobile banking products; automated teller machine services; consumer loans, real... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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