Fair Isaac Corporation Stock Forecast
Fair Isaac Corporation stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
The Fair Isaac Corporation stock price fell by -0.636% on the last day (Thursday, 20th Jun 2024) from $1,421.80 to $1,412.76. During the last trading day the stock fluctuated 1.90% from a day low at $1,401.67 to a day high of $1,428.25. The price has risen in 6 of the last 10 days and is up by 4.57% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -61 thousand shares and in total, 100 thousand shares were bought and sold for approximately $140.88 million.
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 15.24% during the next 3 months and, with a 90% probability hold a price between $1,417.95 and $1,744.95 at the end of this 3-month period.
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FICO Signals & Forecast
The Fair Isaac Corporation 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 $1,386.83 and $1,331.00. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.636%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Fair Isaac Corporation stock
Fair Isaac Corporation finds support from accumulated volume at $1,404.43 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 $26.58 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: $1,362.57 (-3.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (FICO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Fair Isaac Corporation to open at $1,414.23, and during the day (based on 14 day Average True Range), to move between $1,376.41 and $1,449.11, which gives a possible trading interval of +/-$36.35 (+/-2.57%) up or down from last closing price. If Fair Isaac Corporation takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1,404.43 (0.59%) than the resistance at $1,421.80 (0.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fair Isaac Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fair Isaac Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.728 Buy Candidate Downgraded
Predicted Opening Price for Fair Isaac Corporation of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $1,414.23 ( 0.104%) | $1,412.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FICO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,440.81 | 1.99% |
| R2 | 1,430.65 | 1.27% |
| R1 | 1,424.38 | 0.82% |
| Price | 1,412.76 | |
| S1 | 1,404.07 | -0.615% |
| S2 | 1,397.80 | -1.06% |
| S3 | 1,387.65 | -1.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 1,446.28 | 2.37% |
| R1 | 1,421.80 | 0.640% |
| Price | 1,412.76 | |
| S1 | 1,404.43 | -0.590% |
| S2 | 1,328.61 | -5.96% |
| S3 | 1,110.85 | -21.37% |
FICO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2017 | Mar 01, 2017 | Mar 17, 2017 | $0.0200 | 0.0152% |
| 2 | Oct 27, 2016 | Nov 30, 2016 | Dec 16, 2016 | $0.0200 | 0.0165% |
| 3 | Aug 24, 2016 | Sep 12, 2016 | Sep 28, 2016 | $0.0200 | 0.0157% |
| 4 | May 12, 2016 | May 23, 2016 | Jun 08, 2016 | $0.0200 | 0.0174% |
| 5 | Feb 25, 2016 | Mar 07, 2016 | Mar 18, 2016 | $0.0200 | 0.0192% |
FAQ
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