Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FBP
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First BanCorp stock price up 0.86% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 26, 2024 Gain 4.09% PDF

The First BanCorp stock price gained 0.86% on the last trading day (Thursday, 28th Mar 2024), rising from $17.39 to $17.54. During the last trading day the stock fluctuated 2.06% from a day low at $17.22 to a day high of $17.58. The price has risen in 8 of the last 10 days and is up by 7.28% 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, 788 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $24.05 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 6.77% during the next 3 months and, with a 90% probability hold a price between $17.53 and $19.44 at the end of this 3-month period.

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FBP Signals & Forecast

The First BanCorp 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 $17.14 and $16.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 7.28%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for First BanCorp stock

First BanCorp finds support from accumulated volume at $17.38 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 $0.355 (2.06%) between high and low. For the last week, the stock has had daily average volatility of 2.35%.

Our recommended stop-loss: $16.76 (-4.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (FBP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect First BanCorp to open at $17.45, and during the day (based on 14 day Average True Range), to move between $17.13 and $17.95, which gives a possible trading interval of +/-$0.413 (+/-2.35%) up or down from last closing price. If First BanCorp takes out the full calculated possible swing range there will be an estimated 4.71% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $17.38, some $0.160 (0.91%) from the current price of $17.54, our system finds the risk reward attractive.

Is First BanCorp stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First BanCorp stock to perform well in the short-term.

Current score: 4.528 Buy Candidate Unchanged

Predicted Opening Price for First BanCorp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$17.45 ( 0.542%) $17.54

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

Trading levels for FBP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.80 1.48 %
R2 17.66 0.709 %
R1 17.58 0.232 %
Current price: 17.54
Support S1 17.31 -1.31 %
S2 17.23 -1.79 %
S3 17.09 -2.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 17.54
Support S1 17.38 -0.91%
S2 16.49 -5.99%
S3 16.48 -6.04%

FBP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 08, 2024 Feb 22, 2024 Mar 08, 2024 $0.160 0.93%
2 Oct 31, 2023 Nov 22, 2023 Dec 08, 2023 $0.140 0.87%
3 Jul 24, 2023 Aug 23, 2023 Sep 08, 2023 $0.140 1.01%
4 Apr 27, 2023 May 23, 2023 Jun 09, 2023 $0.140 1.10%
5 Feb 09, 2023 Feb 23, 2023 Mar 10, 2023 $0.140 1.09%

FAQ

What is the symbol for First BanCorp Stock and on which exchange is it traded?
The symbol for First BanCorp is FBP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell First BanCorp Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First BanCorp stock to perform well in the short-term.

How to buy First BanCorp Stock?
First BanCorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First BanCorp Stock.

What's the current price of First BanCorp Stock?
As of the end of day on the 2024-03-28, the price of an First BanCorp (FBP) share was $17.54.

What is the 52-week high and low for First BanCorp Stock?
The 52-week high for First BanCorp Stock is $17.71 and the 52-week low is $10.18.

What is the market capitalization of First BanCorp Stock?
As of the 2024-03-28, the market capitalization of First BanCorp is 2.935B.

When is the next earnings date for First BanCorp?
The upcoming earnings date for First BanCorp is Apr 23, 2024.
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About First BanCorp

First Ban First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial services to retail, commercial, and institutional clients. The company operates in six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial real estate and... FBP Profile

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