North American Financial 15 Split Corp Stock Forecast
North American Financial 15 Split Corp stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
No changes to the price of North American Financial 15 Split Corp stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0.197% from a day low at $10.14 to a day high of $10.16. The price has been going up and down for this period, and there has been a 0.1% gain for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect North American Financial 15 Split Corp stock with a 90% probability to be traded between $10.14 and $10.25 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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FFN-PA.TO Signals & Forecast
The North American Financial 15 Split Corp 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 $10.15 and $10.16. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 0.0986%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The stock had a Golden Star Signal on Wednesday, May 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 07, 2023.
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 Wednesday, May 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 07, 2023.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 12 Months
The stock had a Golden Star Signal on Wednesday, May 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 07, 2023.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.
A buy signal from a double bottom formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should go up by 1.01% to $10.25 within 21 trading days since signal was issued (Friday, June 21, 2024).
Support, Risk & Stop-loss for North American Financial 15 Split Corp stock
North American Financial 15 Split Corp finds support from accumulated volume at $10.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0200 between high and low, or 0.197%. For the last week the stock has had daily average volatility of 0.158%.
Our recommended stop-loss: $9.28 (-8.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (FFN-PA.TO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect North American Financial 15 Split Corp Pfd Shs 2004-1.12.19 to open at $10.15, and during the day (based on 14 day Average True Range), to move between $10.13 and $10.17, which gives a possible trading interval of +/-$0.0220 (+/-0.22%) up or down from last closing price. If North American Financial 15 Split Corp Pfd Shs 2004-1.12.19 takes out the full calculated possible swing range there will be an estimated 0.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.14 (0.10%) than the resistance at $10.17 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is North American Financial 15 Split Corp Pfd Shs 2004-1.12.19 stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.215 Buy Candidate Upgraded
Predicted Opening Price for North American Financial 15 Split Corp Pfd Shs 2004-1.12.19 of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $10.15 ( 0%) | $10.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFN-PA.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.17 | 0.197% |
| R2 | 10.16 | 0.122% |
| R1 | 10.16 | 0.0753% |
| Price | 10.15 | |
| S1 | 10.14 | -0.0753% |
| S2 | 10.14 | -0.122% |
| S3 | 10.13 | -0.197% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.19 | 0.394% |
| R2 | 10.18 | 0.296% |
| R1 | 10.17 | 0.197% |
| Price | 10.15 | |
| S1 | 10.14 | -0.0985% |
| S2 | 10.12 | -0.296% |
| S3 | 10.10 | -0.493% |
FFN-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | $0.0792 | 0.780% |
| 2 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | $0.0792 | 0.782% |
| 3 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0.0792 | 0.784% |
| 4 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0.0792 | 0.783% |
| 5 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | $0.0792 | 0.779% |
FAQ
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