Fidelity National Financial Inc Stock Forecast
Evaluation of Fidelity National Financial Inc stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Fidelity National Financial Inc stock price fell by -2.10% on the last day (Tuesday, 30th Apr 2024) from $50.56 to $49.50. During the last trading day the stock fluctuated 1.76% from a day low at $49.47 to a day high of $50.34. The price has risen in 6 of the last 10 days and is up by 5.07% 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 -80 thousand shares and in total, 521 thousand shares were bought and sold for approximately $25.81 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.37% during the next 3 months and, with a 90% probability hold a price between $45.73 and $51.40 at the end of this 3-month period.
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FNF Signals & Forecast
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. The Fidelity National Financial Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $50.18 and $50.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -2.65%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Fidelity National Financial Inc stock
Fidelity National Financial Inc finds support from accumulated volume at $48.52 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 $0.87 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FNF) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Fidelity National Financial Inc to open at $49.77, and during the day (based on 14 day Average True Range), to move between $48.30 and $50.70, which gives a possible trading interval of +/-$1.20 (+/-2.42%) up or down from last closing price. If Fidelity National Financial Inc takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.97 (0.95%) than the support at $48.52 (1.98%), 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.
Earnings coming up
Fidelity National Financial Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.86. We will update the financials statements for Fidelity National Financial Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.26% in the first trading day after earnings release.
Is Fidelity National Financial Inc stock A Buy?
Fidelity National Financial Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.605 Sell Candidate Downgraded
Predicted Opening Price for Fidelity National Financial Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $49.77 ( 0.545%) | $49.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.64 | 2.30 % | |
| R2 | 50.31 | 1.63 % | ||
| R1 | 50.10 | 1.22 % | ||
| Current price: | 49.50 | |||
| Support | S1 | 49.44 | -0.126 % | |
| S2 | 49.23 | -0.541 % | ||
| S3 | 48.90 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.96 | 4.97 % | |
| R2 | 51.06 | 3.15 % | ||
| R1 | 49.97 | 0.95 % | ||
| Current price | 49.50 | |||
| Support | S1 | 48.52 | -1.98% | |
| S2 | 48.28 | -2.46% | ||
| S3 | 47.11 | -4.83% |
FNF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.480 | 0.90% |
| 2 | Feb 15, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.480 | 0.90% |
| 3 | Nov 07, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.480 | 0.94% |
| 4 | Aug 08, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.450 | 1.09% |
| 5 | May 03, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.450 | 1.25% |
FAQ
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