Fidelity National Financial Inc Stock Forecast
Stronger technical forecast for Fidelity National Financial Inc stock price after Thursday trading.
(Updated on May 02, 2024)
The Fidelity National Financial Inc stock price gained 1.74% on the last trading day (Thursday, 2nd May 2024), rising from $50.14 to $51.01. During the last trading day the stock fluctuated 2.15% from a day low at $49.96 to a day high of $51.03. The price has risen in 7 of the last 10 days and is up by 7.21% 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, 229 thousand more shares were traded than the day before. In total, 618 thousand shares were bought and sold for approximately $31.51 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.58% during the next 3 months and, with a 90% probability hold a price between $45.56 and $51.20 at the end of this 3-month period.
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FNF Signals & Forecast
Mostly positive signals in the chart today. The Fidelity National Financial Inc 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 $50.30 and $50.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.49%. 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 Fidelity National Financial Inc stock
Fidelity National Financial Inc finds support from accumulated volume at $49.97 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 $1.08 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: $48.85 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (FNF) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Fidelity National Financial Inc to open at $50.67, and during the day (based on 14 day Average True Range), to move between $49.81 and $52.21, which gives a possible trading interval of +/-$1.20 (+/-2.35%) up or down from last closing price. If Fidelity National Financial Inc takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.06 (0.10%) than the support at $49.97 (2.04%), 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
Fidelity National Financial Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.86. We will update the financials statements for Fidelity National Financial Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.26% in the first trading day after earnings release.
Is Fidelity National Financial Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 3.179 Buy Candidate Upgraded
Predicted Opening Price for Fidelity National Financial Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $50.67 ( 0.676%) | $51.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.74 | 1.43 % | |
| R2 | 51.33 | 0.626 % | ||
| R1 | 51.08 | 0.129 % | ||
| Current price: | 51.01 | |||
| Support | S1 | 50.25 | -1.48 % | |
| S2 | 50.00 | -1.98 % | ||
| S3 | 49.59 | -2.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.91 | 3.72 % | |
| R2 | 51.96 | 1.86 % | ||
| R1 | 51.06 | 0.0980 % | ||
| Current price | 51.01 | |||
| Support | S1 | 49.97 | -2.04% | |
| S2 | 48.52 | -4.88% | ||
| S3 | 48.28 | -5.35% |
FNF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.480 | 0.90% |
| 2 | Feb 15, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.480 | 0.90% |
| 3 | Nov 07, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.480 | 0.94% |
| 4 | Aug 08, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.450 | 1.09% |
| 5 | May 03, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.450 | 1.25% |
FAQ
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