FB Financial Corp Stock Forecast
Red day on Thursday for FB Financial Corp stock after losing 1.28%
(Updated on Apr 25, 2024)
The FB Financial Corp stock price fell by -1.28% on the last day (Thursday, 25th Apr 2024) from $38.42 to $37.93. During the last trading day the stock fluctuated 2.20% from a day low at $37.26 to a day high of $38.08. The price has been going up and down for this period, and there has been a 8.56% gain for the last 2 weeks. Volume has increased on the last day by 27 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, 113 thousand shares were bought and sold for approximately $4.27 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $38.64 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect FB Financial Corp stock with a 90% probability to be traded between $33.68 and $38.15 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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FBK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.89%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The FB Financial Corp 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 $37.18 and $36.14. A breakdown below any of these levels will issue sell signals.
A buy signal from a double bottom formation was found on Friday, April 12, 2024 and based on theory for this formation the price should go up by 5.41% to $39.98 within 18 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for FB Financial Corp stock
FB Financial Corp finds support from accumulated volume at $37.25 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 $0.82 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: $36.61 (-3.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FBK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect FB Financial Corp to open at $37.76, and during the day (based on 14 day Average True Range), to move between $36.77 and $39.09, which gives a possible trading interval of +/-$1.16 (+/-3.05%) up or down from last closing price. If FB Financial Corp takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.42 (1.29%) than the support at $37.25 (1.79%), 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 FB Financial Corp stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for FB Financial Corp stock to perform well in the short-term period.
Current score: 1.080 Buy Candidate Unchanged
Predicted Opening Price for FB Financial Corp of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $37.76 ( 0.457%) | $37.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.58 | 1.70 % | |
| R2 | 38.26 | 0.88 % | ||
| R1 | 38.07 | 0.369 % | ||
| Current price: | 37.93 | |||
| Support | S1 | 37.44 | -1.28 % | |
| S2 | 37.25 | -1.79 % | ||
| S3 | 36.94 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.38 | 3.82 % | |
| R2 | 38.66 | 1.92 % | ||
| R1 | 38.42 | 1.29 % | ||
| Current price | 37.93 | |||
| Support | S1 | 37.25 | -1.79% | |
| S2 | 36.15 | -4.69% | ||
| S3 | 35.64 | -6.04% |
FBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 12, 2024 | Feb 12, 2024 | Feb 12, 2024 | $0 | 0% |
| 2 | Oct 27, 2023 | Nov 06, 2023 | Nov 21, 2023 | $0.150 | 0.452% |
| 3 | Aug 02, 2023 | Aug 11, 2023 | Sep 05, 2023 | $0.150 | 0.502% |
| 4 | Apr 28, 2023 | May 08, 2023 | May 23, 2023 | $0.150 | 0.520% |
| 5 | Jan 26, 2023 | Feb 06, 2023 | May 23, 2023 | $0.150 | 0.520% |
FAQ
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