1st Constitution Bancorp (NJ) Forecast and Stock Analysis
Technical FCCY stock analysis for Thursday May 23, 2019.
|Price to book||USD 1.24|
|Next Earnings Date||2019-07-19|
1st Constitution Bancorp (NJ) fell by -2.07% in the last day ( Thursday, 23rd May 2019 ) from $18.81 to $18.42 and has now fallen 3 days in a row. During day the stock fluctuated 3.66% from a day low at $18.30 to a day high of $18.97. The price has fallen in 5 of the last 10 days and is down by -2.69% for this period. Volume has increased in the last day by 11 784 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, 14 113 shares bought and sold for approximately $259 961.00.
- 30 day high of the FCCY stock price was $19.36 and low was $18.30.
- 90 day high was $19.36 and low was $16.47.
- 52 week high for the 1st Constitution Bancorp (NJ) - $27.00 and low - $16.45.
1st Constitution Bancorp (NJ) 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 2.77% during the next 3 months and, with 90% probability hold a price between $17.42 and $20.02 at the end of this period.
There are few to none technical positive signals at the moment. 1st Constitution Bancorp (NJ) holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $18.86 and $18.67. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday May 03, 2019, which indicates further falls until a new bottom pivot has been found. 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-off's".
* 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 stock in question.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
1st Constitution Bancorp (NJ) finds support from accumulated volume at $18.38.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.67 (3.66%) between high and low. For the last week, the stock has had a daily average volatility of 1.25%.
1st Constitution Bancorp (NJ) is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.25 %Average volatility
Very Low Low Medium High Very High
The 1st Constitution Bancorp (NJ) stock holds several negative signals and despite the positive trend we believe 1st Constitution Bancorp (NJ) will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell Candidate.
|Golden Star Signal|
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|FCCY $18.42 ($-0.39 -2.07%)|
FCCY is down $0.39 today, but where's it headed in 2019?
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