FCCY Forecast and Technical Stock Analysis
Hold candidate since 2019-12-06 PDF
1st Constitution Bancorp (NJ) gained 4.69% in the last trading day ( Friday, 6th Dec 2019 ), rising from $20.25 to $21.20 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.94% from a day low at $20.23 to a day high of $21.23. The price has risen in 7 of the last 10 days and is up by 8.72% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 33 080 more shares were traded than the day before. In total, 49 016 shares bought and sold for approximately $1.04 million.
- 30 day high of the FCCY stock price was $21.23 and low was $18.85.
- 90 day high was $21.23 and low was $16.72.
- 52 week high for 1st Constitution Bancorp (NJ) - $21.23 and low - $16.47.
1st Constitution Bancorp (NJ) has broken the weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $20.83, a level that may pose a second chance to hit a runner. According to fan-theory $22.30 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
1st Constitution Bancorp (NJ) holds buy signals from both short- and long-term moving averages. In addition, 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 $20.32 and $19.53. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 03, 2019, which indicates further gains until a new top pivot has been found. 1st Constitution Bancorp (NJ) has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
1st Constitution Bancorp (NJ) finds support from accumulated volume at $20.38.
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 $1.00 (4.94%) between high and low. For the last week, the stock has had daily average volatility of 2.92%.
The stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $20.42 (-3.66%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from pivot bottom found 3 days ago.)
2.92 %Average volatility
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1st Constitution Bancorp (NJ) 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 hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate candidate.
|FCCY $21.20 ($0.95 4.69%)|
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