Financial 15 Split Corp. Stock Forecast
Financial 15 Split Corp. stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Financial 15 Split Corp. stock price fell by -0.84% on the last day (Friday, 28th Jun 2024) from $5.98 to $5.93. During the last trading day the stock fluctuated 0.675% from a day low at $5.93 to a day high of $5.97. The price has been going up and down for this period, and there has been a -0.34% loss for the last 2 weeks. Volume has increased on the last day by 100 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 300 shares were bought and sold for approximately $1.78 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Financial 15 Split Corp. stock with a 90% probability to be traded between $5.84 and $6.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FNNCF Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.42%. 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 Financial 15 Split Corp. 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 $5.99 and $5.95. 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). Financial 15 Split Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Financial 15 Split Corp. stock
Financial 15 Split Corp. finds support from accumulated volume at $5.86 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 $0.0400 between high and low, or 0.675%. For the last week the stock has had daily average volatility of 0.135%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FNNCF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Financial 15 Split Corp. to open at $5.94, and during the day (based on 14 day Average True Range), to move between $5.88 and $5.98, which gives a possible trading interval of +/-$0.0454 (+/-0.77%) up or down from last closing price. If Financial 15 Split Corp. takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.95 (0.34%) than the support at $5.86 (1.18%), 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.
Is Financial 15 Split Corp. stock A Buy?
Financial 15 Split Corp. holds several negative signals and is within a 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 Hold/Accumulate to a Sell candidate.
Current score: -3.488 Sell Candidate Downgraded
Predicted Opening Price for Financial 15 Split Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $5.94 ( 0.225%) | $5.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNNCF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.98 | 0.90% |
| R2 | 5.97 | 0.642% |
| R1 | 5.96 | 0.483% |
| Price | 5.93 | |
| S1 | 5.93 | -0.0328% |
| S2 | 5.92 | -0.192% |
| S3 | 5.90 | -0.450% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.15 | 3.71% |
| R2 | 6.00 | 1.18% |
| R1 | 5.95 | 0.337% |
| Price | 5.93 | |
| S1 | 5.86 | -1.18% |
| S2 | 5.84 | -1.52% |
| S3 | 5.70 | -3.88% |
FNNCF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 10, 2024 | $0 | 0% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 10, 2024 | $0.0923 | 1.54% |
| 3 | Apr 29, 2024 | Apr 29, 2024 | May 10, 2024 | $0.0920 | 1.55% |
| 4 | Mar 27, 2024 | Mar 27, 2024 | Apr 10, 2024 | $0.0927 | 1.55% |
| 5 | Feb 28, 2024 | Feb 28, 2024 | Mar 08, 2024 | $0.0931 | 1.57% |
FAQ
Click here for our free guide on how to buy Financial 15 Split Corp. Stock.
