NASDAQ trade advice (A): US banking stock | 6-8% gain | USA stock trading picks on 24 Jul 2024

Date
July 24, 2024
Analysed By
Arijit Banerjee
Stock Market
NASDAQ, United States of America

US Stocks Trading Signals

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Business First Bancshares
  • 24 – 24.5
  • 26 – 26.5
  • Below 23.2
  • 6% - 8%
  • 12 - 14 Days
  • Buy
    Business First Bancshares
  • Buy
    Range
    24 – 24.5
  • Target
    26 – 26.5
  • Stoploss
    Below 23.2
  • Upside
    Potential
    6% - 8%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Business First Bancshares (NASDAQ: BFST) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • BFST
  • Rasan
  • Bank
  • 25.57
  • 16.03
  • NASDAQ code BFST
  • Stock Name Rasan
  • Sector Bank
  • 52 Weeks High 25.57
  • 52 Weeks Low 16.03
  • Business First Bancshares (NASDAQ: BFST) vs NASDAQ - Relative Strength Comparison

    The image highlights Business First Bancshares's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    BFST —   NASADQ —

  • Business First Bancshares (NASDAQ: BFST) - Technical Analysis (Daily)

    Business First Bancshares - Technical Analysis chart on Daily Price and Volume
    Business First Bancshares - Technical Analysis chart on Daily Price and Volume

    • The stock faced a significant resistance around the 25 level and declined from that point.
    • Later on, the price discovered a strong support near the 13 level and created a Double Bottom pattern.
    • After a gap up, the stock price broke out and then began to consolidate.
    • During this period, an Inverted Head & Shoulder pattern appeared on the chart, indicating a bullish sentiment.
    • Despite the stock moving downwards after the breakout.
    • Afterwards, the stock price successfully reversed its trend and is now trading close to its previous resistance area.
    • The volume is also increasing, and it is anticipated that the stock will make a breakthrough this time.
  • Business First Bancshares (NASDAQ: BFST) - RSI Indicator

    Business First Bancshares stock analysis based on RSI indicator
    Business First Bancshares - RSI indicator

    • Current RSI of this stock is 72.34, which indicates the strength of buyers.

  • Business First Bancshares (NASDAQ: BFST) - ADX & DI Indicator

    Business First Bancshares stock analysis based on ADX & DI Indicator
    Business First Bancshares - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Business First Bancshares (NASDAQ: BFST) - MACD Indicator

    Business First Bancshares stock analysis based on MACD Indicator
    Business First Bancshares - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Business First Bancshares (NASDAQ: BFST) Stock Price Forecast

    Based on our short term trading ideas in USA stocks, Business First Bancshares stock price target will be USD 26 - USD 26.5 in the next 12-14 trading sessions.

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    Target hit. Trade closed.

    NASDAQ BFST

    24 Jul 2024
    27 Jul 2024
    27 Jul 2024
    3 days
    Loss per
    100,000 SAR
    Stop-loss
    23.2
    Buy Advice
    24 Jul 2024
    24 – 24.5
    Target 1
    27 Jul 2024
    26
    Target 2
    27 Jul 2024
    26.5
    Profit per
    100,000 SAR
    3 days
    7,724
    23.2
    24 – 24.5
    26
    26.5
    7,724
    24 Jul 2024
    27 Jul 2024
    27 Jul 2024
    3 days
    Loss per
    100,000 SAR
    Stop-loss
    23.2
    Buy Advice
    24 Jul 2024
    24 – 24.5
    Target 1
    27 Jul 2024
    26
    Target 2
    27 Jul 2024
    26.5
    Profit per
    100,000 SAR
    3 days
    7,724
    23.2
    24 – 24.5
    26
    26.5
    7,724
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Business First Bancshares
  • 24 – 24.5
  • 26 – 26.5
  • Below 23.2
  • 6% - 8%
  • 12 - 14 Days
  • Buy Business First Bancshares
  • Buy
    Range
    24 – 24.5
  • Target 26 – 26.5
  • Stoploss Below 23.2
  • Upside
    Potential
    6% - 8%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Business First Bancshares
  • 24 – 24.5
  • 26 – 26.5
  • Below 23.2
  • 6% - 8%
  • 12 - 14 Days
  • Buy
    Business First Bancshares
  • Buy
    Range
    24 – 24.5
  • Target
    26 – 26.5
  • Stoploss
    Below 23.2
  • Upside
    Potential
    6% - 8%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Business First Bancshares (NASDAQ: BFST) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • BFST
  • Rasan
  • Bank
  • 25.57
  • 16.03
  • NASDAQ code BFST
  • Stock Name Rasan
  • Sector Bank
  • 52 Weeks High 25.57
  • 52 Weeks Low 16.03
  • Company profile

    Business First Bancshares, Inc. is a bank holding company for b1BANK, offering various banking products and services in Louisiana and Texas. It provides deposit products, commercial and industrial loans, construction and development loans, commercial real estate loans, residential real estate loans, and consumer loans. The company also offers wealth management products, mutual funds, annuities, individual retirement accounts, and other financial services. Established in 2006, it is headquartered in Baton Rouge, Louisiana.

  • Business First Bancshares (NASDAQ: BFST) vs NASDAQ - Relative Strength Comparison

    The image highlights Business First Bancshares's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    BFST —   NASADQ —

  • Business First Bancshares (NASDAQ: BFST) - Technical Analysis (Daily)

    Business First Bancshares - Technical Analysis chart on Daily Price and Volume
    Business First Bancshares - Technical Analysis chart on Daily Price and Volume

    • The stock faced a significant resistance around the 25 level and declined from that point.
    • Later on, the price discovered a strong support near the 13 level and created a Double Bottom pattern.
    • After a gap up, the stock price broke out and then began to consolidate.
    • During this period, an Inverted Head & Shoulder pattern appeared on the chart, indicating a bullish sentiment.
    • Despite the stock moving downwards after the breakout.
    • Afterwards, the stock price successfully reversed its trend and is now trading close to its previous resistance area.
    • The volume is also increasing, and it is anticipated that the stock will make a breakthrough this time.
  • Business First Bancshares (NASDAQ: BFST) - RSI Indicator

    Business First Bancshares stock analysis based on RSI indicator
    Business First Bancshares - RSI indicator

    • Current RSI of this stock is 72.34, which indicates the strength of buyers.

  • Business First Bancshares (NASDAQ: BFST) - ADX & DI Indicator

    Business First Bancshares stock analysis based on ADX & DI Indicator
    Business First Bancshares - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Business First Bancshares (NASDAQ: BFST) - MACD Indicator

    Business First Bancshares stock analysis based on MACD Indicator
    Business First Bancshares - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Business First Bancshares (NASDAQ: BFST) Stock Price Forecast

    Based on our short term trading ideas in USA stocks, Business First Bancshares stock price target will be USD 26 - USD 26.5 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website