North American Financial Stock Forecast
North American Financial stock price ended at $5.85 on Tuesday, after gaining 0.515%.
(Updated on May 14, 2024)
The North American Financial stock price gained 0.515% on the last trading day (Tuesday, 14th May 2024), rising from $5.82 to $5.85. It has now gained 5 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 0.515% from a day low at $5.82 to a day high of $5.85. The price has risen in 9 of the last 10 days and is up by 9.96% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 142 thousand shares were bought and sold for approximately $828.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.93% during the next 3 months and, with a 90% probability hold a price between $5.76 and $6.79 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FFN.TO Signals & Forecast
The North American Financial 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 $5.71 and $5.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 18.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for North American Financial stock
North American Financial finds support from accumulated volume at $5.56 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0300 between high and low, or 0.515%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: $5.54 (-5.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (FFN.TO) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect North American Financial 15 Split Corp. to open at $5.84, and during the day (based on 14 day Average True Range), to move between $5.71 and $5.99, which gives a possible trading interval of +/-$0.137 (+/-2.34%) up or down from last closing price. If North American Financial 15 Split Corp. takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.56, some $0.290 (4.96%) from the current price of $5.85, our system finds the risk reward attractive.
Is North American Financial 15 Split Corp. stock A Buy?
North American Financial holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.662 Strong Buy Candidate Unchanged
Predicted Opening Price for North American Financial 15 Split Corp. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $5.84 ( 0.171%) | $5.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.87 | 0.342 % | |
| R2 | 5.86 | 0.146 % | ||
| R1 | 5.85 | 0.0250 % | ||
| Current price: | 5.85 | |||
| Support | S1 | 5.83 | -0.367 % | |
| S2 | 5.82 | -0.488 % | ||
| S3 | 5.81 | -0.684 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.85 | |||
| Support | S1 | 5.56 | -4.96% | |
| S2 | 5.03 | -14.02% | ||
| S3 | 4.85 | -17.09% |
FFN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 10, 2024 | $0.113 | 1.96% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 10, 2024 | $0.113 | 2.04% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 08, 2024 | $0.113 | 2.17% |
| 4 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0792 | 1.79% |
| 5 | Feb 27, 2023 | Feb 27, 2023 | Mar 10, 2023 | $0.113 | 2.34% |
FAQ
Click here for our free guide on how to buy North American Financial Stock.
