First Citizens BancShares Forecast and Stock Analysis
Technical FCNCA stock analysis for Wednesday June 19, 2019.
First Citizens BancShares gained 1.90% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $432.09 to $440.28 , and has now gained 3 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 day the stock fluctuated 2.79% from a day low at $432.74 to a day high of $444.81. The price has fallen in 6 of the last 10 days , but is still up by 0.21% 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, 30 080 more shares were traded than the day before. In total, 81 423 shares bought and sold for approximately $35.85 million.
- 30 day high of the FCNCA stock price was $451.49 and low was $418.41.
- 90 day high was $462.64 and low was $381.50.
- 52 week high for the First Citizens BancShares - $488.44 and low - $355.18.
First Citizens BancShares 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 6.44% during the next 3 months and, with 90% probability hold a price between $440.02 and $504.27 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday June 17, 2019, which indicates further gains 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. First Citizens BancShares holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $440.56. On a fall, the stock will find some support from the short-term average at $433.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
First Citizens BancShares finds support from accumulated volume at $435.85.
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 $12.07 (2.79%) between high and low. For the last week, the stock has had a daily average volatility of 2.42%.
Our recommended stoploss: $418.29 (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
2.42 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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