FMC Corporation Stock Forecast
Stronger technical forecast for FMC Corporation stock price after Thursday trading.
(Updated on May 02, 2024)
The FMC Corporation stock price gained 4.78% on the last trading day (Thursday, 2nd May 2024), rising from $57.77 to $60.53. During the last trading day the stock fluctuated 3.88% from a day low at $58.31 to a day high of $60.57. The price has risen in 6 of the last 10 days and is up by 6.3% 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, 661 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $110.98 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 10.53% during the next 3 months and, with a 90% probability hold a price between $62.48 and $76.86 at the end of this 3-month period.
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FMC Signals & Forecast
Mostly positive signals in the chart today. The FMC Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $58.88 and $60.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.20%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for FMC Corporation stock
FMC Corporation finds support from accumulated volume at $60.42 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 $2.27 between high and low, or 3.88%. For the last week, the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: $57.97 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (FMC) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect FMC Corporation to open at $59.80, and during the day (based on 14 day Average True Range), to move between $58.56 and $62.50, which gives a possible trading interval of +/-$1.97 (+/-3.26%) up or down from last closing price. If FMC Corporation takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $60.42 (0.18%) than the resistance at $63.70 (5.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
FMC Corporation will release earnings AMC on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.350. We will update the financials statements for FMC Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.31% in the first trading day after earnings release.
Is FMC 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 FMC Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.784 Buy Candidate Upgraded
Predicted Opening Price for FMC Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $59.80 ( 1.20%) | $60.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.07 | 2.54 % | |
| R2 | 61.20 | 1.11 % | ||
| R1 | 60.67 | 0.226 % | ||
| Current price: | 60.53 | |||
| Support | S1 | 58.94 | -2.63 % | |
| S2 | 58.40 | -3.52 % | ||
| S3 | 57.54 | -4.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.71 | 8.56 % | |
| R2 | 64.11 | 5.91 % | ||
| R1 | 63.70 | 5.24 % | ||
| Current price | 60.53 | |||
| Support | S1 | 60.42 | -0.182% | |
| S2 | 56.39 | -6.84% | ||
| S3 | 53.45 | -11.70% |
FMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Jun 28, 2024 | Jul 18, 2024 | $0.580 | 0.96% |
| 2 | Feb 27, 2024 | Mar 28, 2024 | Apr 18, 2024 | $0.580 | 1.02% |
| 3 | Feb 27, 2024 | Mar 27, 2024 | Apr 18, 2024 | $0.580 | 1.02% |
| 4 | Dec 15, 2023 | Dec 29, 2023 | Jan 18, 2024 | $0.580 | 1.05% |
| 5 | Dec 15, 2023 | Dec 28, 2023 | Jan 18, 2024 | $0.580 | 1.05% |
FAQ
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