Stock Price Prediction

Technical Analysis

FBP recently crossed below its 200-day moving average at $19.45, indicating a bearish technical signal. The stock is currently trading within its 52-week range of $16.235 to $22.395.

Fundamental Analysis

First BanCorp has shown improved fundamentals, with its Benjamin Graham-based value investor rating recently upgraded from 71% to 86%. This upgrade suggests strong interest in the stock due to its solid fundamentals and attractive valuations.

News Sentiment Recent news indicates positive sentiment around FBP's dividend performance, though the stock's recent crossing below the 200-day moving average suggests some technical weakness.

Price Prediction for Next Week

Based on technical analysis and recent price action:

• Support levels: $16.235 (52-week low)
• Resistance levels: $19.45 (200-day MA), $22.395 (52-week high)

Expected price movement for next week:

• Bearish scenario (60% probability): Drop to $18.50-$18.80
• Neutral scenario (30% probability): Consolidation between $19.00-$19.50
• Bullish scenario (10% probability): Bounce to $20.00

Recommendation: SELL

• Entry point: Current market price
• Target: $18.50
• Stop loss: $20.00

The bearish recommendation is based on:

1. Recent break below 200-day moving average
2. Negative technical momentum
3. Current market conditions favoring defensive positions