Buy First Bank | NASDAQ – FRBA | Short Term Trading Advice | Banking Sector | 24th Jul 2024 | Expected Gain 5% – 8%

Date

24 July 2024

Analysed By

Arijit Banerjee

Stock Market

NASDAQ, United States of America

Target hit. Trade closed.

NASDAQ FRBA

2 Dec 2024

26 Dec 2024

29 Dec 2024

6 days

Loss per
100,000 USD

Stop-loss

14.2

Buy Advice

2 Dec 2024

14.5 – 14.85

Target 1

26 Dec 2024

15.6

Target 2

29 Dec 2024

Profit per
100,000 USD

6 days

5,511

14.2

14.5 – 14.85

15.6

5,511

Swing Trading Signals in US Stocks

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

First Bank

14.5 – 14.85

15.6 – 16

Below 14.2

5% – 8%

12 - 14 Days

Buy First Bank

Buy
Range 14.5 – 14.85

Target 15.6 – 16

Stoploss Below 14.2

Upside
Potential 5% – 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.

First Bank (NASDAQ: FRBA) - Stock Overview

NASDAQ code

Stock Name

Sector

52 Weeks High

52 Weeks Low

FRBA

First Bank

Bank

15.17

10.51

NASDAQ code FRBA

Stock Name First Bank

Sector Bank

52 Weeks High 15.17

52 Weeks Low 10.51

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.

First Bank (NASDAQ: FRBA) vs NASDAQ - Relative Strength Comparison

The image compares First Bank's 1-year performance to NASDAQ. — Relative Performance - Last 1 Year
FRBA — NASDAQ —

First Bank (NASDAQ: FRBA) - Technical Analysis (Daily)

First Bank - 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.

First Bank (NASDAQ: FRBA) - RSI Indicator

First Bank stock analysis based on RSI indicator — First Bank - RSI indicator

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

First Bank (NASDAQ: FRBA) - ADX & DI Indicator

First Bank stock analysis based on ADX & DI indicator — First Bank - 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.