FCNCA Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for FCNCA for the next trading week:
Technical Analysis
- Current RSI (14) at 36.09 indicates oversold conditions
- MACD showing bearish momentum with -13.88
- Stock trading below both 5-day (2126.03) and 10-day (2139.14) moving averages
- Bollinger Bands show price near lower band (2034.95), suggesting potential bounce
Recent Price Action
- Latest close: $2049.25 (-3.21%)
- Current trading below all major moving averages
- Volume has been increasing on down days, indicating selling pressure
- Support levels: $2025.61 (Fibonacci S2)
- Resistance levels: $2141.96 (Fibonacci pivot), $2213.88 (Fibonacci R1)
News Analysis
- Piper Sandler raised price target to $2,250 while maintaining Neutral rating
- Q4 2024 results exceeded expectations with EPS of $45.87 vs $39.13 expected
- Revenue grew 23% YoY to $9.33 billion
- Deloitte's outlook suggests banking sector faces headwinds in 2025 due to economic uncertainties
Price Prediction for Next Week Target Range: $2020-$2150
- Base case (60% probability): Bounce from oversold conditions toward $2100
- Bearish case (25% probability): Break below $2025 support to $1980
- Bullish case (15% probability): Recovery above $2150 on positive market sentiment
Trading Recommendation: SELL
- Current technical indicators and increasing selling volume suggest continued downward pressure
- Wait for price stabilization before considering new long positions
- Key level to watch: $2025 support level
FCNCA Similar Chart Price Prediction
The price of FCNCA is predicted to go up 0.39%, based on the high correlation periods with ZION. The similarity of these two price pattern on the periods is 94.08%.
FCNCA
ZION
Up: 0.39%Similarity: 94.08%
FCNCA Revenue Forecast
FCNCA EPS Forecast
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FCNCA Analyst's Forecast
Anthony Elian
JP Morgan
Buy
2025-01-07
Price Target
$2,550 → $2,600
Upside
+22.82%
JPMorgan analyst Anthony Elian raised the firm's price target on First Citizens to $2,600 from $2,550 and keeps an Overweight rating on the shares. Heading into the Q4 earnings season for regional banks, the firm expects fundamental trends for the quarter to be highlighted by minimal loan and deposit growth, net intercessor margins declining a few basis points, and credit trends remaining stable on an overall basis. Looking beyond the results, JPMorgan believes the focus area alongside bank earnings will be on the 2025 outlooks, the analyst tells investors in a research note. The firm says the outlooks will likely incorporate the latest "higher for a bit longer" interest rate environment. JPMorgan remains bullish on regional bank stocks in 2025 but tempers its optimism tied to the Federal Reserve's "less aggressive rate cutting outlook."
Brian Foran
Truist Securities
Hold
2025-01-07
Price Target
$2,303
Upside
+8.79%
Jason Goldberg
Barclays
Hold
2025-01-06
Price Target
$2,250 → $2,456
Upside
+14.25%
