Four Corners Property Trust Inc Stock Forecast
Four Corners Property Trust Inc stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 06, 2024)
The Four Corners Property Trust Inc stock price fell by -0.202% on the last day (Thursday, 6th Jun 2024) from $24.75 to $24.70. During the last trading day the stock fluctuated 1.02% from a day low at $24.50 to a day high of $24.75. The price has been going up and down for this period, and there has been a 0.41% gain for the last 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 -23 thousand shares and in total, 144 thousand shares were bought and sold for approximately $3.55 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.18% during the next 3 months and, with a 90% probability hold a price between $23.37 and $25.87 at the end of this 3-month period.
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FCPT Signals & Forecast
The Four Corners Property Trust Inc 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 $24.50 and $24.16. A breakdown below any of these levels will issue sell signals. 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, May 15, 2024, and so far it has fallen -1.95%. 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 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 Four Corners Property Trust Inc stock
Four Corners Property Trust Inc finds support from accumulated volume at $24.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.250 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $23.54 (-4.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (FCPT) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect Four Corners Property Trust Inc to open at $24.65, and during the day (based on 14 day Average True Range), to move between $24.32 and $25.08, which gives a possible trading interval of +/-$0.383 (+/-1.55%) up or down from last closing price. If Four Corners Property Trust Inc takes out the full calculated possible swing range there will be an estimated 3.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.95 (1.01%) than the support at $24.09 (2.47%), 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 Four Corners Property Trust Inc 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 Four Corners Property Trust Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.383 Buy Candidate Upgraded
Predicted Opening Price for Four Corners Property Trust Inc of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| $24.65 ( 0.202%) | $24.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCPT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.90 | 0.81% |
| R2 | 24.80 | 0.423% |
| R1 | 24.75 | 0.184% |
| Price | 24.70 | |
| S1 | 24.55 | -0.589% |
| S2 | 24.50 | -0.83% |
| S3 | 24.40 | -1.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.19 | 1.98% |
| R2 | 25.05 | 1.42% |
| R1 | 24.95 | 1.01% |
| Price | 24.70 | |
| S1 | 24.09 | -2.47% |
| S2 | 23.76 | -3.81% |
| S3 | 22.74 | -7.94% |
FCPT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.345 | 1.48% |
| 2 | Nov 10, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.345 | 1.37% |
| 3 | Sep 18, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.340 | 1.58% |
| 4 | Jun 14, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.340 | 1.31% |
| 5 | Mar 13, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.340 | 1.32% |
FAQ
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