Fidelis Insurance Holdings Limited Stock Forecast
Evaluation of Fidelis Insurance Holdings Limited stock downgraded after the last trading session.
(Updated on May 01, 2024)
The Fidelis Insurance Holdings Limited stock price fell by -0.323% on the last day (Wednesday, 1st May 2024) from $18.58 to $18.52. During the last trading day the stock fluctuated 2.49% from a day low at $18.48 to a day high of $18.94. The price has fallen in 6 of the last 10 days and is down by -0.75% for this period. 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 -1 million shares and in total, 400 thousand shares were bought and sold for approximately $7.40 million.
Given the current short-term trend, the stock is expected to rise 54.16% during the next 3 months and, with a 90% probability hold a price between $28.55 and $33.17 at the end of this 3-month period.
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FIHL Signals & Forecast
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. The Fidelis Insurance Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $19.35 and $18.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -7.54%. 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 Fidelis Insurance Holdings Limited stock
Fidelis Insurance Holdings Limited finds support from accumulated volume at $18.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.460 (2.49%) between high and low. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FIHL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Fidelis Insurance Holdings Limited to open at $18.65, and during the day (based on 14 day Average True Range), to move between $17.86 and $19.18, which gives a possible trading interval of +/-$0.655 (+/-3.54%) up or down from last closing price. If Fidelis Insurance Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.58 (0.32%) than the support at $18.39 (0.70%), 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.
Earnings coming up
Fidelis Insurance Holdings Limited will release earnings AMC on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.750. We will update the financials statements for Fidelis Insurance Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.59% in the first trading day after earnings release.
Is Fidelis Insurance Holdings Limited stock A Buy?
The Fidelis Insurance Holdings Limited stock holds several negative signals and despite the positive trend, we believe Fidelis Insurance Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.556 Strong Sell Candidate Downgraded
Predicted Opening Price for Fidelis Insurance Holdings Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $18.65 ( 0.684%) | $18.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIHL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.11 | 3.17 % | |
| R2 | 18.93 | 2.22 % | ||
| R1 | 18.82 | 1.63 % | ||
| Current price: | 18.52 | |||
| Support | S1 | 18.47 | -0.265 % | |
| S2 | 18.36 | -0.85 % | ||
| S3 | 18.19 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.03 | 8.15 % | |
| R2 | 18.65 | 0.702 % | ||
| R1 | 18.58 | 0.324 % | ||
| Current price | 18.52 | |||
| Support | S1 | 18.39 | -0.702% | |
| S2 | 17.24 | -6.91% | ||
| S3 | 16.91 | -8.69% |
FIHL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.100 | 0.513% |
FAQ
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