Fluor Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Fluor Corporation stock price up 0.198% on Wednesday
(Updated on May 01, 2024)
The Fluor Corporation stock price gained 0.198% on the last trading day (Wednesday, 1st May 2024), rising from $40.33 to $40.41. During the last trading day the stock fluctuated 2.59% from a day low at $40.01 to a day high of $41.05. The price has risen in 5 of the last 10 days and is up by 2.05% 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, 15 thousand more shares were traded than the day before. In total, 913 thousand shares were bought and sold for approximately $36.90 million.
The stock lies in the middle of a wide and weak 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 7.22% during the next 3 months and, with a 90% probability hold a price between $40.48 and $48.67 at the end of this 3-month period.
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FLR Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fluor Corporation 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 $40.55 and $40.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -4.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fluor Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $37.02 and $36.73. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fluor Corporation finds support just below today's level at $37.02. If this is broken, then the next support from accumulated volume will be at $36.73 and $35.79.
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 $1.04 (2.59%) between high and low. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLR) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Fluor Corporation to open at $40.49, and during the day (based on 14 day Average True Range), to move between $39.35 and $41.47, which gives a possible trading interval of +/-$1.06 (+/-2.63%) up or down from last closing price. If Fluor Corporation takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.85 (1.09%) than the support at $37.02 (8.39%), 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
Fluor Corporation will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.540. We will update the financials statements for Fluor Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.78% in the first trading day after earnings release.
Is Fluor Corporation stock A Buy?
The Fluor Corporation stock holds several negative signals and despite the positive trend, we believe Fluor Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.955 Sell Candidate Unchanged
Predicted Opening Price for Fluor Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $40.49 ( 0.194%) | $40.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.52 | 2.76 % | |
| R2 | 41.13 | 1.78 % | ||
| R1 | 40.88 | 1.17 % | ||
| Current price: | 40.41 | |||
| Support | S1 | 40.09 | -0.785 % | |
| S2 | 39.85 | -1.39 % | ||
| S3 | 39.45 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.09 | 4.16 % | |
| R2 | 41.83 | 3.51 % | ||
| R1 | 40.85 | 1.09 % | ||
| Current price | 40.41 | |||
| Support | S1 | 37.02 | -8.39% | |
| S2 | 36.73 | -9.11% | ||
| S3 | 35.79 | -11.43% |
FLR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2020 | Feb 28, 2020 | Apr 02, 2020 | $0.100 | 1.61% |
| 2 | Oct 30, 2019 | Dec 03, 2019 | Jan 03, 2020 | $0.100 | 0.523% |
| 3 | Jul 31, 2019 | Sep 03, 2019 | Oct 02, 2019 | $0.210 | 1.18% |
| 4 | May 02, 2019 | May 31, 2019 | Jul 02, 2019 | $0.210 | 0.655% |
| 5 | Feb 07, 2019 | Mar 01, 2019 | Apr 02, 2019 | $0.210 | 0.545% |
FAQ
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