First Horizon National Corporation Stock Forecast

First Horizon National Corporation stock price down 0.201% on Tuesday
(Updated on Apr 23, 2024)

FHN Signals & Forecast

A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -0.201%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The First Horizon National Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $14.40 and $14.79. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for First Horizon National Corporation stock

First Horizon National Corporation finds support from accumulated volume at $14.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.190 between high and low, or 1.28%. For the last week, the stock has had daily average volatility of 2.80%.

Our recommended stop-loss: $14.43 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (FHN) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect First Horizon National Corporation to open at $14.93, and during the day (based on 14 day Average True Range), to move between $14.49 and $15.27, which gives a possible trading interval of +/-$0.385 (+/-2.59%) up or down from last closing price. If First Horizon National Corporation takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.94 (0.40%) than the support at $14.80 (0.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is First Horizon National Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.316 Buy Candidate Unchanged

Predicted Opening Price for First Horizon National Corporation of Wednesday, April 24, 2024

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