RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RAIL
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Red day on Thursday for Freightcar America
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 19, 2024 Gain 53.39% PDF

The Freightcar America stock price fell by -1.03% on the last day (Thursday, 28th Mar 2024) from $3.89 to $3.85. During the last trading day the stock fluctuated 1.83% from a day low at $3.83 to a day high of $3.90. The price has risen in 6 of the last 10 days and is up by 21.84% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 thousand shares and in total, 12 thousand shares were bought and sold for approximately $44.32 thousand.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $3.91 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 40.89% during the next 3 months and, with a 90% probability hold a price between $4.61 and $5.51 at the end of this 3-month period.

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RAIL Signals & Forecast

The Freightcar America stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.82 and $3.22. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Freightcar America stock

Freightcar America finds support from accumulated volume at $3.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0700 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 3.84%.

The Freightcar America stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $3.71 (-3.65%) (This stock has high daily movements and this gives high risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (RAIL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Freightcar America to open at $3.86, and during the day (based on 14 day Average True Range), to move between $3.69 and $4.01, which gives a possible trading interval of +/-$0.160 (+/-4.17%) up or down from last closing price. If Freightcar America takes out the full calculated possible swing range there will be an estimated 8.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.89 (1.04%) than the support at $3.70 (3.90%), 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 Freightcar America stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Freightcar America stock to perform well in the short-term.

Current score: 2.391 Buy Candidate Unchanged

Predicted Opening Price for Freightcar America of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.86 ( 0.260%) $3.85

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

Trading levels for RAIL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.93 2.08 %
R2 3.90 1.38 %
R1 3.89 0.95 %
Current price: 3.85
Support S1 3.83 -0.435 %
S2 3.82 -0.86 %
S3 3.79 -1.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 3.89 1.04 %
Current price 3.85
Support S1 3.70 -3.90%
S2 3.56 -7.53%
S3 3.21 -16.62%

RAIL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 07, 2017 Aug 15, 2017 Aug 23, 2017 $0.0900 0.536%
2 May 08, 2017 May 16, 2017 May 24, 2017 $0.0900 0.527%
3 Feb 06, 2017 Feb 14, 2017 Feb 22, 2017 $0.0900 0.627%
4 Nov 07, 2016 Nov 15, 2016 Nov 23, 2016 $0.0900 0.600%
5 Aug 08, 2016 Aug 16, 2016 Aug 24, 2016 $0.0900 0.620%

FAQ

What is the symbol for Freightcar America Stock and on which exchange is it traded?
The symbol for Freightcar America is RAIL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Freightcar America Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Freightcar America stock to perform well in the short-term.

How to buy Freightcar America Stock?
Freightcar America Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Freightcar America Stock.

What's the current price of Freightcar America Stock?
As of the end of day on the 2024-03-28, the price of an Freightcar America (RAIL) share was $3.85.

What is the 52-week high and low for Freightcar America Stock?
The 52-week high for Freightcar America Stock is $3.92 and the 52-week low is $2.25.

What is the market capitalization of Freightcar America Stock?
As of the 2024-03-28, the market capitalization of Freightcar America is 70.63M.

When is the next earnings date for Freightcar America?
The upcoming earnings date for Freightcar America is May 14, 2024.
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About Freightcar America

Freightcar America FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. It operates in two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers; covered hopper cars; gondolas; triple hoppers and hybrid aluminum/stainless steel railcars; ore hoppe... RAIL Profile

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