Fulton Financial Corporation Stock Forecast
Green day on Wednesday for Fulton Financial Corporation
(Updated on Apr 24, 2024)
The Fulton Financial Corporation stock price gained 1.17% on the last trading day (Wednesday, 24th Apr 2024), rising from $15.34 to $15.52. 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 3.11% from a day low at $15.10 to a day high of $15.57. The price has been going up and down for this period, and there has been a 3.26% gain for the last 2 weeks. Volume fell on the last day by -318 thousand shares and in total, 810 thousand shares were bought and sold for approximately $12.57 million. 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $15.77 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.05% during the next 3 months and, with a 90% probability hold a price between $13.69 and $15.13 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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FULT Signals & Forecast
The Fulton Financial 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 $14.92 and $15.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 7.55%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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).
A buy signal from a double bottom formation was found on Thursday, March 14, 2024 and based on theory for this formation the price should go up by 6.96% to $16.60 within 21 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Fulton Financial Corporation stock
Fulton Financial Corporation finds support from accumulated volume at $15.31 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.470 between high and low, or 3.11%. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: $14.99 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (FULT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Fulton Financial Corporation to open at $15.40, and during the day (based on 14 day Average True Range), to move between $15.08 and $15.96, which gives a possible trading interval of +/-$0.436 (+/-2.81%) up or down from last closing price. If Fulton Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.59 (0.45%) than the support at $15.31 (1.35%), 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.
Is Fulton Financial Corporation stock A Buy?
Fulton Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.073 Hold/Accumulate Unchanged
Predicted Opening Price for Fulton Financial Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $15.40 ( 0.795%) | $15.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FULT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.87 | 2.23 % | |
| R2 | 15.69 | 1.08 % | ||
| R1 | 15.58 | 0.362 % | ||
| Current price: | 15.52 | |||
| Support | S1 | 15.22 | -1.95 % | |
| S2 | 15.11 | -2.67 % | ||
| S3 | 14.93 | -3.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.77 | 1.61 % | |
| R2 | 15.60 | 0.515 % | ||
| R1 | 15.59 | 0.451 % | ||
| Current price | 15.52 | |||
| Support | S1 | 15.31 | -1.35% | |
| S2 | 15.22 | -1.93% | ||
| S3 | 14.80 | -4.64% |
FULT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.170 | 1.15% |
| 2 | Dec 19, 2023 | Dec 29, 2023 | Jan 12, 2024 | $0.170 | 1.07% |
| 3 | Sep 19, 2023 | Sep 29, 2023 | Oct 13, 2023 | $0.160 | 1.32% |
| 4 | Jun 20, 2023 | Jun 30, 2023 | Jul 14, 2023 | $0.160 | 1.30% |
| 5 | Mar 21, 2023 | Mar 31, 2023 | Apr 14, 2023 | $0.150 | 1.13% |
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