First California Financial Group, Inc ETF Forecast

Red day on Tuesday for First California Financial Group, Inc
(Updated on Apr 23, 2024)

FCAL Signals & Forecast

There are mixed signals in the ETF today. The First California Financial Group, Inc ETF 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 $49.22 and $49.55. 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 ETF may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. 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). The ETF had a Golden Star Signal on Thursday, July 13, 2023 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 ETF in question.

Support, Risk & Stop-loss for First California Financial Group, Inc ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.190 between high and low, or 0.388%. For the last week the ETF has had daily average volatility of 0.273%

Our recommended stop-loss: $46.11 (-6.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (FCAL) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect First California Financial Group, Inc to open at $49.13, and during the day (based on 14 day Average True Range), to move between $49.00 and $49.28, which gives a possible trading interval of +/-$0.143 (+/-0.29%) up or down from last closing price. If First California Financial Group, Inc takes out the full calculated possible swing range there will be an estimated 0.58% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $49.71, some $0.570 (1.16%) from the current price of $49.14, our system finds the risk reward not very attractive.

Is First California Financial Group, Inc ETF A Buy?

First California Financial Group, Inc 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.

Current score: -0.535 Hold/Accumulate Unchanged

Predicted Opening Price for First California Financial Group, Inc of Wednesday, April 24, 2024

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