First Acceptance Fund Forecast

Sell candidate since Mar 26, 2018 Loss -14.74%

No changes to the price of First Acceptance Corporation fund on the last trading day (Tuesday, 17th Apr 2018). During the last trading day the fund fluctuated 0% from a day low at $0.81 to a day high of $0.81. The price has been going up and down for this period, and there has been a -2.41% loss for the last 2 weeks.

The fund lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -28.28% during the next 3 months and, with a 90% probability hold a price between $0.516 and $0.707 at the end of this 3-month period. Do note, that if the fund price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

FAC Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 06, 2018, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 First Acceptance Corporation fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the fund. 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 $0.81 and $0.94. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for First Acceptance Corporation fund

There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

First Acceptance Corporation is oversold on RSI14 (15). Some funds may fall long and hard while being oversold on RSI, but funds that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FAC) For The Upcoming Trading Day Of Wednesday 18th

For the upcoming trading day on Wednesday, 18th we expect First Acceptance Corporation to open at $0.81, and during the day (based on 14 day Average True Range), to move between $0.791 and $0.83, which gives a possible trading interval of +/-$0.0374 (+/-4.73%) up or down from last closing price. If First Acceptance Corporation takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.85, some $0.0400 (4.94%) from the current price of $0.81, our system finds the risk reward not very attractive.

Is First Acceptance Corporation fund A Buy?

First Acceptance Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.

Current score: -3.270 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on April 18, 2018 - $0.81 ( 0%).

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