FFIN Price Prediction Next Week
Technical Analysis
The stock is currently showing bearish momentum with RSI at 44.65, indicating a neutral-to-bearish sentiment. The MACD line (-0.05) is below the signal line, suggesting continued downward pressure. Price is trading below all major moving averages (5-day: 37.22, 20-day: 37.64, 200-day: 35.41), forming a bearish trend structure.
Price Action Analysis
- Current price: $36.81
- Recent high: $37.86
- Recent low: $36.62
- Trading volume: 763,021 (above average)
Fibonacci Levels
- Resistance 1: $38.21
- Resistance 2: $38.81
- Support 1: $36.28
- Support 2: $35.68
News Impact Recent Q4 earnings report showed positive results:
- EPS of $0.43, beating estimates by $0.03
- Revenue of $147.1M (+23.1% Y/Y), exceeding expectations by $2.48M
Notable insider buying activity has been observed in recent months, indicating management confidence in the company's prospects.
Price Prediction for Next Week Based on technical indicators and recent price action:
- Bearish scenario (60% probability): Price likely to test support at $36.28, with potential to drop to $35.68
- Neutral scenario (30% probability): Consolidation between $36.80-$37.20
- Bullish scenario (10% probability): Bounce towards $37.86 resistance
Trading Recommendation: SELL
- Entry point: Current market price ($36.81)
- Target: $36.28
- Stop loss: $37.50
- Risk/Reward ratio: 1:1.5
The combination of bearish technical indicators, price trading below key moving averages, and negative MACD crossover suggests further downside potential in the coming week.
FFIN Similar Chart Price Prediction
The price of FFIN is predicted to go up -3.73%, based on the high correlation periods with SFNC. The similarity of these two price pattern on the periods is 96.43%.
FFIN
SFNC
Down: -3.73%Similarity: 96.43%
FFIN Revenue Forecast
FFIN EPS Forecast
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FFIN Analyst's Forecast
Matt Olney
Stephens & Co.
Hold
2024-10-18
Price Target
$37 → $40
Upside
+4.17%
Stephens analyst Matt Olney raised the firm's price target on First Financial to $40 from $37 and keeps an Equal Weight rating on the shares. Q3 EPS was relatively in line with consensus forecast as the net interest margin expanded 2 basis points, notes the analyst, who expects additional improvements in Q4 and into early 2025 with the assumption of an incremental 150 points of gradual Fed Fund cuts over the next eight months.
Brandon King
Truist Securities
Hold
2024-09-20
Price Target
$39 → $40
Upside
+4.99%
