Republic First Bancorp Stock Forecast
Red day on Tuesday for Republic First Bancorp stock after losing 4.00%
(Updated on Apr 23, 2024)
The Republic First Bancorp stock price fell by -4.00% on the last day (Tuesday, 23rd Apr 2024) from $0.0125 to $0.0120. During the last trading day the stock fluctuated 0% from a day low at $0.0120 to a day high of $0.0120. The price has been going up and down for this period, and there has been a 14.29% gain for the last 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 -121 thousand shares and in total, 265 shares were bought and sold for approximately $3.18 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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FRBK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Republic First Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0170 and $0.0139. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 26, 2024, and so far it has fallen -86.67%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Republic First Bancorp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0105 and $0.0102. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Republic First Bancorp finds support just below today's level at $0.0105. If this is broken, then the next support from accumulated volume will be at $0.0102 and $0.0101.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 84.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRBK) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Republic First Bancorp to open at $0.0120, and during the day (based on 14 day Average True Range), to move between $0.0036 and $0.0204, which gives a possible trading interval of +/-$0.0084 (+/-70.41%) up or down from last closing price. If Republic First Bancorp takes out the full calculated possible swing range there will be an estimated 140.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0122 (1.67%) than the support at $0.0105 (12.50%), 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
Republic First Bancorp will release earnings -- on Tuesday, April 30, 2024. We will update the financials statements for Republic First Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.21% in the first trading day after earnings release.
Is Republic First Bancorp stock A Buy?
Republic First Bancorp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.438 Strong Sell Candidate Unchanged
Predicted Opening Price for Republic First Bancorp of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.0120 ( 0.00000000%) | $0.0120 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0120 | 0.00000000 % | |
| R2 | 0.0120 | 0.00000000 % | ||
| R1 | 0.0120 | 0.00000000 % | ||
| Current price: | 0.0120 | |||
| Support | S1 | 0.0120 | 0.00000000 % | |
| S2 | 0.0120 | 0.00000000 % | ||
| S3 | 0.0120 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0130 | 8.33 % | |
| R2 | 0.0125 | 4.17 % | ||
| R1 | 0.0122 | 1.67 % | ||
| Current price | 0.0120 | |||
| Support | S1 | 0.0105 | -12.50% | |
| S2 | 0.0102 | -15.42% | ||
| S3 | 0.0101 | -15.83% |
FRBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2005 | Feb 01, 2005 | Feb 01, 2005 | $1.65 | 14.78% |
FAQ
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