RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SRCE
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1st Source Corporation stock price up 1.47% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 1.47% PDF

The 1st Source Corporation stock price gained 1.47% on the last trading day (Thursday, 28th Mar 2024), rising from $51.66 to $52.42. It has now gained 3 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 2.12% from a day low at $51.43 to a day high of $52.52. The price has risen in 7 of the last 10 days and is up by 6.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 95 thousand shares were bought and sold for approximately $5.00 million.

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 $52.63 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 -5.64% during the next 3 months and, with a 90% probability hold a price between $44.93 and $49.66 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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SRCE Signals & Forecast

The 1st Source Corporation 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 $50.85 and $50.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 7.84%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 1st Source Corporation stock

1st Source Corporation finds support from accumulated volume at $51.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.09 (2.12%) between high and low. For the last week, the stock has had daily average volatility of 2.10%.

Our recommended stop-loss: $49.41 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (SRCE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect 1st Source Corporation to open at $52.12, and during the day (based on 14 day Average True Range), to move between $51.12 and $53.72, which gives a possible trading interval of +/-$1.30 (+/-2.49%) up or down from last closing price. If 1st Source Corporation takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $53.16 (1.41%) than the support at $51.01 (2.69%), 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 1st Source Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.298 Buy Candidate Unchanged

Predicted Opening Price for 1st Source Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$52.12 ( 0.566%) $52.42

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

Trading levels for SRCE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 53.21 1.51 %
R2 52.80 0.719 %
R1 52.54 0.228 %
Current price: 52.42
Support S1 51.71 -1.36 %
S2 51.45 -1.85 %
S3 51.03 -2.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 54.47 3.91 %
R2 53.74 2.52 %
R1 53.16 1.41 %
Current price 52.42
Support S1 51.01 -2.69%
S2 50.80 -3.09%
S3 49.73 -5.13%

SRCE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 18, 2024 Feb 02, 2024 Feb 15, 2024 $0.340 0.655%
2 Oct 19, 2023 Nov 03, 2023 Nov 15, 2023 $0.340 0.679%
3 Jul 20, 2023 Jul 31, 2023 Aug 11, 2023 $0.320 0.671%
4 Apr 19, 2023 May 01, 2023 Aug 11, 2023 $0.320 0.671%
5 Jan 19, 2023 Feb 03, 2023 Feb 16, 2023 $0.320 0.645%

FAQ

What is the symbol for 1st Source Corporation Stock and on which exchange is it traded?
The symbol for 1st Source Corporation is SRCE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell 1st Source Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy 1st Source Corporation Stock?
1st Source Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy 1st Source Corporation Stock.

What's the current price of 1st Source Corporation Stock?
As of the end of day on the 2024-03-28, the price of an 1st Source Corporation (SRCE) share was $52.42.

What is the 52-week high and low for 1st Source Corporation Stock?
The 52-week high for 1st Source Corporation Stock is $56.56 and the 52-week low is $38.80.

What is the market capitalization of 1st Source Corporation Stock?
As of the 2024-03-28, the market capitalization of 1st Source Corporation is 1.282B.

When is the next earnings date for 1st Source Corporation?
The upcoming earnings date for 1st Source Corporation is Apr 18, 2024.
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About 1st Source Corporation

1st Source 1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equi... SRCE Profile

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