ServisFirst Bancshares Stock Forecast
Weaker technical forecast for ServisFirst Bancshares as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The ServisFirst Bancshares stock price fell by -2.81% on the last day (Thursday, 25th Apr 2024) from $63.04 to $61.27. During the last trading day the stock fluctuated 2.52% from a day low at $60.72 to a day high of $62.25. The price has risen in 6 of the last 10 days and is up by 1.41% over the past 2 weeks. Volume has increased on the last day by 84 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 232 thousand shares were bought and sold for approximately $14.23 million.
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 -4.70% during the next 3 months and, with a 90% probability hold a price between $54.38 and $61.27 at the end of this 3-month period.
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SFBS Signals & Forecast
There are mixed signals in the stock today. The ServisFirst Bancshares 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 $62.66. On a fall, the stock will find some support from the short-term average at $60.91. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.09%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for ServisFirst Bancshares stock
ServisFirst Bancshares finds support from accumulated volume at $60.42 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 $1.53 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SFBS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ServisFirst Bancshares to open at $61.41, and during the day (based on 14 day Average True Range), to move between $59.02 and $63.52, which gives a possible trading interval of +/-$2.25 (+/-3.67%) up or down from last closing price. If ServisFirst Bancshares takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.64 (0.60%) than the support at $60.42 (1.39%), 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 ServisFirst Bancshares stock A Buy?
ServisFirst Bancshares 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.865 Sell Candidate Downgraded
Predicted Opening Price for ServisFirst Bancshares of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $61.41 ( 0.234%) | $61.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SFBS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.94 | 2.73 % | |
| R2 | 62.36 | 1.78 % | ||
| R1 | 62.00 | 1.19 % | ||
| Current price: | 61.27 | |||
| Support | S1 | 60.83 | -0.720 % | |
| S2 | 60.47 | -1.31 % | ||
| S3 | 59.88 | -2.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.14 | 9.58 % | |
| R2 | 62.62 | 2.20 % | ||
| R1 | 61.64 | 0.604 % | ||
| Current price | 61.27 | |||
| Support | S1 | 60.42 | -1.39% | |
| S2 | 60.20 | -1.75% | ||
| S3 | 59.73 | -2.51% |
SFBS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 28, 2024 | Apr 09, 2024 | $0.300 | 0.458% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Dec 29, 2023 | $0 | 0% |
| 3 | Sep 18, 2023 | Sep 29, 2023 | Oct 10, 2023 | $0.280 | 0.524% |
| 4 | Jun 20, 2023 | Jun 30, 2023 | Jul 10, 2023 | $0.280 | 0.680% |
| 5 | Mar 20, 2023 | Mar 31, 2023 | Apr 10, 2023 | $0.280 | 0.536% |
FAQ
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