The First of Long Island Corporation Stock Forecast
Red day on Wednesday for The First of Long Island Corporation stock after losing 0.93%
(Updated on Apr 24, 2024)
The The First of Long Island Corporation stock price fell by -0.93% on the last day (Wednesday, 24th Apr 2024) from $10.77 to $10.67. During the last trading day the stock fluctuated 1.41% from a day low at $10.61 to a day high of $10.76. The price has risen in 7 of the last 10 days and is up by 5.23% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 93 thousand shares were bought and sold for approximately $990.72 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.11% during the next 3 months and, with a 90% probability hold a price between $8.48 and $9.55 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FLIC Signals & Forecast
The The First of Long Island Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $10.40 and $10.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.17%. Further rise is indicated 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for The First of Long Island Corporation stock
The First of Long Island Corporation finds support from accumulated volume at $10.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.150 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: $10.21 (-4.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (FLIC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect The First of Long Island Corporation to open at $10.68, and during the day (based on 14 day Average True Range), to move between $10.38 and $10.96, which gives a possible trading interval of +/-$0.293 (+/-2.74%) up or down from last closing price. If The First of Long Island Corporation takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.57 (0.94%) than the resistance at $10.95 (2.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
The First of Long Island Corporation will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.240. We will update the financials statements for The First of Long Island Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.70% in the first trading day after earnings release.
Is The First of Long Island Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.686 Buy Candidate Unchanged
Predicted Opening Price for The First of Long Island Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $10.68 ( 0.0937%) | $10.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLIC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.83 | 1.50 % | |
| R2 | 10.77 | 0.96 % | ||
| R1 | 10.74 | 0.631 % | ||
| Current price: | 10.67 | |||
| Support | S1 | 10.62 | -0.443 % | |
| S2 | 10.59 | -0.775 % | ||
| S3 | 10.53 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.03 | 3.37 % | |
| R2 | 10.98 | 2.91 % | ||
| R1 | 10.95 | 2.62 % | ||
| Current price | 10.67 | |||
| Support | S1 | 10.57 | -0.94% | |
| S2 | 10.55 | -1.12% | ||
| S3 | 10.16 | -4.78% |
FLIC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 12, 2024 | Mar 21, 2024 | $0.210 | 1.91% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Dec 29, 2023 | $0 | 0% |
| 3 | Sep 29, 2023 | Oct 10, 2023 | Oct 19, 2023 | $0.210 | 2.00% |
| 4 | Jun 29, 2023 | Jul 11, 2023 | Jul 20, 2023 | $0.210 | 1.63% |
| 5 | Mar 02, 2023 | Mar 15, 2023 | Mar 24, 2023 | $0.210 | 1.51% |
FAQ
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