FCCY Forecast and Technical Stock Analysis
Hold candidate since 2019-09-20 PDF
1st Constitution Bancorp (NJ) fell by -0.33% in the last day ( Friday, 20th Sep 2019 ) from $18.42 to $18.36 During the day the stock fluctuated 2.51% from a day low at $17.95 to a day high of $18.40. The price has been going up and down for this period, and there has been a 5.94% gain for the last 2 weeks. Volume has increased in the last day by 47 514 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 59 419 shares bought and sold for approximately $1.09 million.
- 30 day high of the FCCY stock price was $19.50 and low was $16.72.
- 90 day high was $19.50 and low was $16.52.
- 52 week high for 1st Constitution Bancorp (NJ) - $22.25 and low - $16.47.
1st Constitution Bancorp (NJ) is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect 1st Constitution Bancorp (NJ) with a 90% probability to be traded between $16.14 and $18.91 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
1st Constitution Bancorp (NJ) holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $18.69. On a fall, the stock will find some support from the long-term average at approximately $17.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday September 18, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 1st Constitution Bancorp (NJ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 63 and the stock is currently not being overbought or oversold
* 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 $18.29.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.45 between high and low, or 2.51%. For the last week, the stock has had a daily average volatility of 4.76%.
Our recommended stop-loss: $17.42 (-5.11%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
4.76 %Average volatility
Very Low Low Medium High Very High
1st Constitution Bancorp (NJ) holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|FCCY $18.36 ($-0.06 -0.33%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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