First National Community Bancorp Inc Stock Forecast
Green day on Tuesday for First National Community Bancorp Inc stock after gaining 1.27%
(Updated on Apr 23, 2024)
The First National Community Bancorp Inc stock price gained 1.27% on the last trading day (Tuesday, 23rd Apr 2024), rising from $5.51 to $5.58. It 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 last trading day the stock fluctuated 1.36% from a day low at $5.53 to a day high of $5.60. The price has risen in 6 of the last 10 days but is still down by -0.89% for this period. Volume fell on the last day by -10 thousand shares and in total, 8 thousand shares were bought and sold for approximately $42.69 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -14.73% during the next 3 months and, with a 90% probability hold a price between $4.43 and $5.09 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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FNCB Signals & Forecast
There are mixed signals in the stock today. The First National Community Bancorp Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.71. On a fall, the stock will find some support from the short-term average at $5.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.08%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for First National Community Bancorp Inc stock
First National Community Bancorp Inc finds support from accumulated volume at $5.53 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 $0.0750 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FNCB) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect First National Community Bancorp Inc to open at $5.57, and during the day (based on 14 day Average True Range), to move between $5.37 and $5.79, which gives a possible trading interval of +/-$0.207 (+/-3.72%) up or down from last closing price. If First National Community Bancorp Inc takes out the full calculated possible swing range there will be an estimated 7.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.63 (0.90%) than the support at $5.53 (0.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
First National Community Bancorp Inc will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for First National Community Bancorp Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.18% in the first trading day after earnings release.
Is First National Community Bancorp Inc stock A Buy?
First National Community Bancorp Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.960 Sell Candidate Unchanged
Predicted Opening Price for First National Community Bancorp Inc of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$5.57 ( 0.209%) | $5.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNCB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.64 | 1.14 % | |
R2 | 5.61 | 0.622 % | ||
R1 | 5.60 | 0.304 % | ||
Current price: | 5.58 | |||
Support | S1 | 5.54 | -0.723 % | |
S2 | 5.52 | -1.04 % | ||
S3 | 5.49 | -1.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.97 | 6.99 % | |
R2 | 5.64 | 1.08 % | ||
R1 | 5.63 | 0.90 % | ||
Current price | 5.58 | |||
Support | S1 | 5.53 | -0.90% | |
S2 | 5.43 | -2.69% | ||
S3 | 5.40 | -3.23% |
FNCB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 24, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.0900 | 1.51% |
2 | Oct 25, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.0900 | 1.29% |
3 | Jul 26, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.0900 | 1.49% |
4 | Apr 26, 2023 | May 31, 2023 | Jun 15, 2023 | $0.0900 | 1.40% |
5 | Jan 25, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.0900 | 1.24% |
FAQ
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