FG Financial Group, Inc. Stock Forecast
Red day on Friday for FG Financial Group, Inc.
(Updated on May 24, 2024)
The FG Financial Group, Inc. stock price fell by -0.0588% on the last day (Friday, 24th May 2024) from $17.00 to $16.99. During the last trading day the stock fluctuated 3.00% from a day low at $16.51 to a day high of $17.00. The price has fallen in 5 of the last 10 days and is down by -7.21% for this period. Volume has increased on the last day by 542 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $32.42 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $16.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.77% during the next 3 months and, with a 90% probability hold a price between $15.98 and $17.95 at the end of this 3-month period.
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FGFPP Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 1.86%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FG Financial Group, 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 $16.99 and $17.78. 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). FG Financial Group, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 Wednesday, May 01, 2024 with a target of $18.06. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for FG Financial Group, Inc. stock
FG Financial Group, Inc. finds support from accumulated volume at $16.80 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.495 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FGFPP) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect FG Financial Group, Inc. to open at $16.83, and during the day (based on 14 day Average True Range), to move between $16.64 and $17.34, which gives a possible trading interval of +/-$0.347 (+/-2.04%) 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 4.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.80 (1.12%) than the resistance at $17.25 (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FG Financial Group, Inc. stock A Buy?
FG Financial Group, Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.558 Sell Candidate Unchanged
Predicted Opening Price for FG Financial Group, Inc. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $16.83 ( 0.93%) | $16.99 |
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 | 17.33 | 1.98 % | |
| R2 | 17.14 | 0.87 % | ||
| R1 | 17.02 | 0.181 % | ||
| Current price: | 16.99 | |||
| Support | S1 | 16.64 | -2.04 % | |
| S2 | 16.53 | -2.73 % | ||
| S3 | 16.34 | -3.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.25 | 7.42 % | |
| R2 | 18.00 | 5.94 % | ||
| R1 | 17.25 | 1.53 % | ||
| Current price | 16.99 | |||
| Support | S1 | 16.80 | -1.12% | |
| S2 | 16.68 | -1.82% | ||
| S3 | 0 | . |
FGFPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | Jun 01, 2024 | Jun 15, 2024 | $0.500 | 2.94% |
| 2 | Feb 05, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.500 | 2.75% |
| 3 | Nov 09, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.500 | 3.45% |
| 4 | Aug 10, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.500 | 3.45% |
| 5 | May 12, 2023 | May 31, 2023 | Jun 15, 2023 | $0.500 | 3.53% |
FAQ
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