FCNCA Should I Buy

Buy now for a long-term position. FCNCA is pulling back toward key support after reporting a Q4 earnings beat and announcing a sizable $900M repurchase program. The stock’s short-term technicals look oversold (RSI_6 near 20) while Wall Street price targets remain meaningfully above the current ~$1,973 level (roughly ~6% to ~27% upside to the latest $2,100–$2,500 targets). For a beginner long-term investor who doesn’t want to wait for a perfect entry, the current dip is a reasonable entry point.

Price/Trend: FCNCA closed at 1,973.09 (-1.04% regular session) and is trading below the pivot (2,103), indicating a near-term bearish bias. Momentum: MACD histogram is negative (-30.136) and expanding to the downside, confirming the recent downtrend is still in force. Overbought/oversold: RSI_6 at ~20.4 signals oversold conditions, often consistent with a near-term stabilization/bounce even if the broader trend is weak. Levels: Immediate resistance is near S1/overhead supply around ~2,005–2,103; stronger resistance at ~2,201. Support is near S2 at ~1,944.96; a break below that would weaken the setup. Overall: technically weak trend but oversold at support—more favorable for initiating a long-term buy on the dip than chasing strength.