First US Bancshares Inc Stock Forecast

First US Bancshares Inc stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)

FUSB Signals & Forecast

The First US Bancshares Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $9.74. On a fall, the stock will find some support from the long-term average at approximately $9.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.104%. Further rise is indicated until a new top pivot has been found. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for First US Bancshares Inc stock

First US Bancshares Inc finds support from accumulated volume at $9.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 1.86%

Our recommended stop-loss: $9.04 (-5.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (FUSB) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect First US Bancshares Inc to open at $9.60, and during the day (based on 14 day Average True Range), to move between $9.24 and $9.96, which gives a possible trading interval of +/-$0.362 (+/-3.77%) up or down from last closing price. If First US Bancshares Inc takes out the full calculated possible swing range there will be an estimated 7.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.57 (0.31%) than the resistance at $9.80 (2.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First US Bancshares Inc stock A Buy?

First US Bancshares Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.618 Hold/Accumulate Upgraded

Predicted Opening Price for First US Bancshares Inc of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.