Franklin Covey Company Stock Forecast
Franklin Covey Company stock price ended on $46.14 on Friday after gaining 0.589%
(Updated on Mar 24, 2023)
The Franklin Covey Company stock price gained 0.589% on the last trading day (Friday, 24th Mar 2023), rising from $45.87 to $46.14. During the last trading day the stock fluctuated 2.13% from a day low at $45.55 to a day high of $46.52. The price has been going up and down for this period, and there has been a 1.34% gain 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, 9 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately $2.51 million.
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The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Franklin Covey Company stock with a 90% probability to be traded between $44.97 and $49.94 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
FC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 17, 2023, and so far it has risen 3.34%. 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 Franklin Covey Company stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $47.11. On a fall, the stock will find some support from the short-term average at $45.75. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Franklin Covey Company stock
Franklin Covey Company finds support from accumulated volume at $45.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.97 (2.13%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: $43.76 (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (FC) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Franklin Covey Company to open at $46.07, and during the day (based on 14 day Average True Range), to move between $44.94 and $47.34, which gives a possible trading interval of +/-$1.20 (+/-2.61%) up or down from last closing price. If Franklin Covey Company takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.87 (1.58%) than the support at $45.33 (1.76%), 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 Franklin Covey Company stock A Buy?
Franklin Covey Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.264 Open Broker Account
Hold/Accumulate UnchangedPredicted Opening Price for Franklin Covey Company of Monday, March 27, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 27, 2023 | Current price |
|---|---|
| $46.07 | $46.14 (Overvalued) |
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Trading levels for FC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.04 | 1.95 % | |
| R2 | 46.67 | 1.15 % | ||
| R1 | 46.44 | 0.651 % | ||
| Current price: | 46.14 | |||
| Support | S1 | 45.70 | -0.95 % | |
| S2 | 45.47 | -1.45 % | ||
| S3 | 45.10 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.07 | 4.18 % | |
| R2 | 47.27 | 2.45 % | ||
| R1 | 46.87 | 1.58 % | ||
| Current price | 46.14 | |||
| Support | S1 | 45.33 | -1.76% | |
| S2 | 45.11 | -2.23% | ||
| S3 | 44.03 | -4.57% |
FAQ
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About Franklin Covey Company
Franklin Covey Co. provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through three segments: Direct Offices, International Licensees, and Education Practice. It also provides a suite of individual-effectiveness and leadership-development training and products. The company was incorpora... FC Profile
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featured in The Global Fintech Index 2020 as the top Fintech company of the country.
