First National Financial Corporation Stock Forecast

First National Financial Corporation stock price fell more than -6.96% Wednesday closing at $35.68
(Updated on May 01, 2024)

FN.TO Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 0.394%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First National Financial Corporation 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 $37.82 and $37.30. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for First National Financial Corporation stock

First National Financial Corporation finds support from accumulated volume at $35.54 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 $1.68 between high and low, or 4.71%. For the last week the stock has had daily average volatility of 1.83%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FN.TO) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect First National Financial Corporation to open at $36.22, and during the day (based on 14 day Average True Range), to move between $35.03 and $36.33, which gives a possible trading interval of +/-$0.655 (+/-1.83%) up or down from last closing price. If First National Financial Corporation takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.54 (0.39%) than the resistance at $37.03 (3.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First National Financial Corporation stock A Buy?

First National Financial Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Buy to a Sell candidate.

Current score: -3.061 Sell Candidate Downgraded

Predicted Opening Price for First National Financial Corporation of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.