Fideicomiso Irrevocable F/2061 FHipo Stock Forecast
Fideicomiso Irrevocable F/2061 FHipo stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The Fideicomiso Irrevocable F/2061 FHipo stock price gained 1.82% on the last trading day (Thursday, 9th May 2024), rising from $16.50 to $16.80. During the last trading day the stock fluctuated 1.98% from a day low at $16.70 to a day high of $17.03. The price has fallen in 5 of the last 10 days but is still up by 2.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $115.58 thousand.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $16.71, a level that may pose a second chance to hit a runner. According to fan-theory $17.61 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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FHIPO14.MX Signals & Forecast
Mostly positive signals in the chart today. The Fideicomiso Irrevocable F/2061 FHipo 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 $16.37 and $16.28. 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 risen 6.60%. 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). Fideicomiso Irrevocable F/2061 FHipo has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
A buy signal from a double bottom formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should go up by 2.32% to $17.19 within 8 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for Fideicomiso Irrevocable F/2061 FHipo stock
Fideicomiso Irrevocable F/2061 FHipo finds support from accumulated volume at $16.00 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 $0.330 between high and low, or 1.98%. For the last week the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: $16.15 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (FHIPO14.MX) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Fideicomiso Irrevocable F/2061 FHipo to open at $16.84, and during the day (based on 14 day Average True Range), to move between $16.56 and $17.04, which gives a possible trading interval of +/-$0.245 (+/-1.46%) up or down from last closing price. If Fideicomiso Irrevocable F/2061 FHipo takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.00, some $0.80 (4.76%) from the current price of $16.80, our system finds the risk reward attractive.
Is Fideicomiso Irrevocable F/2061 FHipo stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Fideicomiso Irrevocable F/2061 FHipo stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.886 Buy Candidate Upgraded
Predicted Opening Price for Fideicomiso Irrevocable F/2061 FHipo of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $16.84 ( 0.258%) | $16.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FHIPO14.MX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.17 | 2.22 % | |
| R2 | 17.05 | 1.47 % | ||
| R1 | 16.97 | 1.01 % | ||
| Current price: | 16.80 | |||
| Support | S1 | 16.72 | -0.492 % | |
| S2 | 16.64 | -0.96 % | ||
| S3 | 16.51 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 16.80 | |||
| Support | S1 | 16.00 | -4.76% | |
| S2 | 15.99 | -4.82% | ||
| S3 | 15.96 | -5.00% |
FHIPO14 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Mar 06, 2024 | $0 | 0% |
| 2 | Nov 14, 2023 | Nov 14, 2023 | Nov 14, 2023 | $0.681 | 4.10% |
| 3 | Aug 25, 2023 | Aug 25, 2023 | Aug 25, 2023 | $0.0275 | 0.163% |
| 4 | Aug 15, 2023 | Aug 15, 2023 | Aug 15, 2023 | $0.476 | 2.80% |
| 5 | May 16, 2023 | May 16, 2023 | May 16, 2023 | $0.257 | 1.52% |
FAQ
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