First Cash Financial Services Stock Forecast
First Cash Financial Services stock price up 1.19% on Tuesday
(Updated on Mar 28, 2023)
The First Cash Financial Services stock price gained 1.19% on the last trading day (Tuesday, 28th Mar 2023), rising from $93.04 to $94.15. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.51% from a day low at $92.60 to a day high of $94.93. The price has risen in 8 of the last 10 days and is up by 2.68% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 193 thousand shares were bought and sold for approximately $18.17 million.
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The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $94.78 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.85% during the next 3 months and, with a 90% probability hold a price between $90.67 and $97.48 at the end of this 3-month period.
FCFS Signals & Forecast
The First Cash Financial Services 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 $92.78 and $90.32. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, March 21, 2023, and so far it has fallen -0.434%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, January 20, 2023 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, January 20, 2023 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for First Cash Financial Services stock
First Cash Financial Services finds support from accumulated volume at $91.05 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 $2.33 (2.51%) between high and low. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: $90.56 (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (FCFS) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect First Cash Financial Services to open at $93.89, and during the day (based on 14 day Average True Range), to move between $91.56 and $96.74, which gives a possible trading interval of +/-$2.59 (+/-2.75%) up or down from last closing price. If First Cash Financial Services takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $94.56 (0.44%) than the support at $91.05 (3.29%), 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 First Cash Financial Services 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 First Cash Financial Services stock to perform well in the short-term.
Current score: 2.550 Open Broker Account
Buy Candidate UnchangedPredicted Opening Price for First Cash Financial Services of Wednesday, March 29, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 29, 2023 | Current price |
|---|---|
| $93.89 | $94.15 (Overvalued) |
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Trading levels for FCFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.22 | 2.20 % | |
| R2 | 95.33 | 1.25 % | ||
| R1 | 94.78 | 0.669 % | ||
| Current price: | 94.15 | |||
| Support | S1 | 93.00 | -1.22 % | |
| S2 | 92.45 | -1.80 % | ||
| S3 | 91.57 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 94.56 | 0.435 % | ||
| Current price | 94.15 | |||
| Support | S1 | 91.05 | -3.29% | |
| S2 | 89.54 | -4.90% | ||
| S3 | 88.00 | -6.53% |
FAQ
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About First Cash Financial Services
FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directl... FCFS Profile
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featured in The Global Fintech Index 2020 as the top Fintech company of the country.
