FG Financial Group, Inc. Stock Forecast
Stronger technical forecast for FG Financial Group, Inc. stock price after Friday trading.
(Updated on May 03, 2024)
No changes to the price of FG Financial Group, Inc. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $18.47 to a day high of $18.47. The price has risen in 4 of the last 10 days and is up by 5.6% over the past 2 weeks.
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 FG Financial Group, Inc. stock with a 90% probability to be traded between $17.02 and $18.73 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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FGFPP Signals & Forecast
The FG Financial Group, Inc. 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 $18.47 and $17.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, December 26, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Tuesday, December 26, 2023 in the long-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.
A sell signal from a double top formation was found on Thursday, February 29, 2024 and based on theory for this formation the price should fall by -8.01% to $16.99 within 8 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for FG Financial Group, Inc. stock
FG Financial Group, Inc. finds support from accumulated volume at $18.25 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.486%
Our recommended stop-loss: $17.40 (-5.82%) (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 (FGFPP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect FG Financial Group, Inc. to open at $18.47, and during the day (based on 14 day Average True Range), to move between $18.18 and $18.76, which gives a possible trading interval of +/-$0.287 (+/-1.55%) up or down from last closing price. If FG Financial Group, Inc. takes out the full calculated possible swing range there will be an estimated 3.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.50 (0.16%) than the support at $18.25 (1.19%), 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 FG Financial Group, Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for FG Financial Group, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.817 Buy Candidate Upgraded
Predicted Opening Price for FG Financial Group, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $18.47 ( 0%) | $18.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FGFPP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.47 | . | |
| R2 | 18.47 | . | ||
| R1 | 18.47 | . | ||
| Current price: | 18.47 | |||
| Support | S1 | 18.47 | . | |
| S2 | 18.47 | . | ||
| S3 | 18.47 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.85 | 2.06 % | |
| R2 | 18.80 | 1.79 % | ||
| R1 | 18.50 | 0.162 % | ||
| Current price | 18.47 | |||
| Support | S1 | 18.25 | -1.19% | |
| S2 | 18.00 | -2.54% | ||
| S3 | 17.70 | -4.17% |
FGFPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.500 | 2.75% |
| 2 | Nov 09, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.500 | 3.45% |
| 3 | Aug 10, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.500 | 3.45% |
| 4 | May 12, 2023 | May 31, 2023 | Jun 15, 2023 | $0.500 | 3.53% |
| 5 | Feb 01, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.500 | 2.78% |
FAQ
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