First Citizens BancShares Stock Forecast
First Citizens BancShares stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The First Citizens BancShares stock price gained 1.04% on the last trading day (Wednesday, 24th Apr 2024), rising from $1,622.72 to $1,639.63. During the last trading day the stock fluctuated 1.32% from a day low at $1,625.05 to a day high of $1,646.46. The price has been going up and down for this period, and there has been a 1.99% gain for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 74 thousand shares were bought and sold for approximately $121.18 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 in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.03% during the next 3 months and, with a 90% probability hold a price between $1,668.63 and $1,805.59 at the end of this 3-month period.
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FCNCA Signals & Forecast
The First Citizens BancShares stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1,583.84 and $1,580.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.99%. 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).
Support, Risk & Stop-loss for First Citizens BancShares stock
On the downside, the stock finds support just below today's level from accumulated volume at $1,548.00 and $1,510.00. 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, First Citizens BancShares finds support just below today's level at $1,548.00. If this is broken, then the next support from accumulated volume will be at $1,510.00 and $1,485.77.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $21.41 (1.32%) between high and low. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: $1,585.48 (-3.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (FCNCA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect First Citizens BancShares to open at $1,637.05, and during the day (based on 14 day Average True Range), to move between $1,601.69 and $1,677.57, which gives a possible trading interval of +/-$37.94 (+/-2.31%) up or down from last closing price. If First Citizens BancShares takes out the full calculated possible swing range there will be an estimated 4.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1,548.00, some $91.63 (5.59%) from the current price of $1,639.63, our system finds the risk reward attractive.
Earnings coming up
First Citizens BancShares will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $43.44. We will update the financials statements for First Citizens BancShares, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.79% in the first trading day after earnings release.
Is First Citizens BancShares stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Citizens BancShares stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.131 Buy Candidate Upgraded
Predicted Opening Price for First Citizens BancShares of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$1,637.05 ( 0.158%) | $1,639.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCNCA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,658.46 | 1.15 % | |
R2 | 1,650.28 | 0.649 % | ||
R1 | 1,645.23 | 0.341 % | ||
Current price: | 1,639.63 | |||
Support | S1 | 1,628.87 | -0.656 % | |
S2 | 1,623.82 | -0.96 % | ||
S3 | 1,615.64 | -1.46 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 1,639.63 | |||
Support | S1 | 1,548.00 | -5.59% | |
S2 | 1,510.00 | -7.91% | ||
S3 | 1,485.77 | -9.38% |
FCNCA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 24, 2024 | Feb 28, 2024 | Mar 15, 2024 | $1.64 | 0.106% |
2 | Oct 24, 2023 | Nov 29, 2023 | Dec 15, 2023 | $1.64 | 0.115% |
3 | Jul 25, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.750 | 0.0569% |
4 | Apr 25, 2023 | May 30, 2023 | Jun 15, 2023 | $0.750 | 0.0578% |
5 | Jan 24, 2023 | Feb 27, 2023 | Mar 15, 2023 | $0.750 | 0.139% |
FAQ
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