Four Corners Property Trust Inc Stock Forecast
Four Corners Property Trust Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 18, 2024)
The Four Corners Property Trust Inc stock price gained 0.399% on the last trading day (Thursday, 18th Apr 2024), rising from $22.57 to $22.66. During the last trading day the stock fluctuated 1.51% from a day low at $22.54 to a day high of $22.88. The price has been going up and down for this period, and there has been a -3.57% 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, 111 thousand more shares were traded than the day before. In total, 790 thousand shares were bought and sold for approximately $17.91 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $22.57 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Four Corners Property Trust Inc stock with a 90% probability to be traded between $22.65 and $25.45 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.
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FCPT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.399%. 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 Four Corners Property Trust Inc 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 $23.06 and $23.97. 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 Four Corners Property Trust Inc stock
Four Corners Property Trust Inc finds support from accumulated volume at $22.57 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 $0.340 (1.51%) between high and low. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: $21.23 (-6.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (FCPT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Four Corners Property Trust Inc to open at $22.69, and during the day (based on 14 day Average True Range), to move between $22.15 and $23.17, which gives a possible trading interval of +/-$0.508 (+/-2.24%) 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 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.74 (0.35%) than the support at $22.57 (0.40%), 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?
Four Corners Property Trust Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.060 Hold/Accumulate Upgraded
Predicted Opening Price for Four Corners Property Trust Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $22.69 ( 0.147%) | $22.66 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 23.03 | 1.65 % | |
| R2 | 22.90 | 1.07 % | ||
| R1 | 22.82 | 0.720 % | ||
| Current price: | 22.66 | |||
| Support | S1 | 22.56 | -0.426 % | |
| S2 | 22.48 | -0.780 % | ||
| S3 | 22.35 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.67 | 8.87 % | |
| R2 | 24.18 | 6.71 % | ||
| R1 | 22.74 | 0.353 % | ||
| Current price | 22.66 | |||
| Support | S1 | 22.57 | -0.397% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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