First American Corporation (The) Stock Forecast
Green day on Thursday for First American Corporation (The)
(Updated on Apr 18, 2024)
The First American Corporation (The) stock price gained 0.455% on the last trading day (Thursday, 18th Apr 2024), rising from $54.99 to $55.24. During the last trading day the stock fluctuated 0.94% from a day low at $55.03 to a day high of $55.55. The price has been going up and down for this period, and there has been a -8.32% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 thousand more shares were traded than the day before. In total, 429 thousand shares were bought and sold for approximately $23.68 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 -5.33% during the next 3 months and, with a 90% probability hold a price between $50.31 and $57.07 at the end of this 3-month period.
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FAF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.455%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First American Corporation (The) 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 $55.83 and $57.54. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for First American Corporation (The) stock
First American Corporation (The) finds support from accumulated volume at $55.17 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 $0.515 between high and low, or 0.94%. For the last week, the stock has had daily average volatility of 1.64%.
First American Corporation (The) is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FAF) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect First American Corporation (The) to open at $55.27, and during the day (based on 14 day Average True Range), to move between $53.88 and $56.60, which gives a possible trading interval of +/-$1.36 (+/-2.46%) up or down from last closing price. If First American Corporation (The) takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $55.17 (0.13%) than the resistance at $56.23 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
First American Corporation (The) will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.700. We will update the financials statements for First American Corporation (The), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.47% in the first trading day after earnings release.
Is First American Corporation (The) stock A Buy?
First American Corporation (The) 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.
Current score: -3.652 Sell Candidate Unchanged
Predicted Opening Price for First American Corporation (The) of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $55.27 ( 0.0573%) | $55.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FAF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.79 | 0.99 % | |
| R2 | 55.59 | 0.633 % | ||
| R1 | 55.47 | 0.413 % | ||
| Current price: | 55.24 | |||
| Support | S1 | 55.07 | -0.299 % | |
| S2 | 54.95 | -0.519 % | ||
| S3 | 54.76 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.00 | 6.81 % | |
| R2 | 57.62 | 4.31 % | ||
| R1 | 56.23 | 1.79 % | ||
| Current price | 55.24 | |||
| Support | S1 | 55.17 | -0.127% | |
| S2 | 55.11 | -0.235% | ||
| S3 | 54.34 | -1.63% |
FAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 15, 2024 | $0.530 | 0.96% |
| 2 | Nov 07, 2023 | Dec 07, 2023 | Dec 15, 2023 | $0.530 | 0.82% |
| 3 | Aug 22, 2023 | Sep 07, 2023 | Sep 15, 2023 | $0.530 | 0.88% |
| 4 | May 09, 2023 | Jun 07, 2023 | Jun 15, 2023 | $0.520 | 0.92% |
| 5 | Jan 18, 2023 | Mar 07, 2023 | Mar 15, 2023 | $0.520 | 0.95% |
FAQ
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