Flaherty & Crumrine Preferred Securities Stock Forecast

Flaherty & Crumrine Preferred Securities stock upgraded to Buy Candidate.
(Updated on Apr 22, 2024)

FFC Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.23%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Flaherty & Crumrine Preferred Securities stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.55. On a fall, the stock will find some support from the short-term average at $13.98. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Flaherty & Crumrine Preferred Securities stock

Flaherty & Crumrine Preferred Securities finds support from accumulated volume at $13.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.130 (0.94%) between high and low. For the last week, the stock has had daily average volatility of 0.98%.

Flaherty & Crumrine Preferred Securities is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $13.14 (-6.17%) (This stock has low daily movements and this gives low risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (FFC) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Flaherty & Crumrine Preferred Securities Income Fund Inc to open at $13.96, and during the day (based on 14 day Average True Range), to move between $13.85 and $14.15, which gives a possible trading interval of +/-$0.149 (+/-1.07%) up or down from last closing price. If Flaherty & Crumrine Preferred Securities Income Fund Inc takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.97 (0.21%) than the resistance at $14.50 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Flaherty & Crumrine Preferred Securities Income Fund Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Flaherty & Crumrine Preferred Securities stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.167 Buy Candidate Upgraded

Predicted Opening Price for Flaherty & Crumrine Preferred Securities Income Fund Inc of Tuesday, April 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.