Five Point Holdings LLC Class A Stock Forecast
Red day on Friday for Five Point Holdings LLC Class A
(Updated on Apr 26, 2024)
The Five Point Holdings LLC Class A stock price fell by -1.03% on the last day (Friday, 26th Apr 2024) from $2.92 to $2.89. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.08% from a day low at $2.89 to a day high of $2.95. The price has fallen in 7 of the last 10 days and is down by -8.83% for this period. Volume has increased on the last day by 67 thousand 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, 135 thousand shares were bought and sold for approximately $390.53 thousand.
The stock lies in the middle of a 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 -10.02% during the next 3 months and, with a 90% probability hold a price between $2.53 and $2.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FPH Signals & Forecast
There are few to no technical positive signals at the moment. The Five Point Holdings LLC Class A 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 $2.99 and $3.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -10.25%. 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). Five Point Holdings LLC Class A 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".
Support, Risk & Stop-loss for Five Point Holdings LLC Class A stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0600 (2.08%) between high and low. For the last week, the stock has had daily average volatility of 2.96%.
Five Point Holdings LLC Class A is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FPH) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Five Point Holdings LLC Class A to open at $2.91, and during the day (based on 14 day Average True Range), to move between $2.80 and $2.98, which gives a possible trading interval of +/-$0.0942 (+/-3.26%) up or down from last closing price. If Five Point Holdings LLC Class A takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.00, some $0.110 (3.81%) from the current price of $2.89, our system finds the risk reward not very attractive.
Is Five Point Holdings LLC Class A stock A Buy?
Five Point Holdings LLC Class A 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.
Current score: -1.671 Sell Candidate Unchanged
Predicted Opening Price for Five Point Holdings LLC Class A of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $2.91 ( 0.692%) | $2.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.97 | 2.77 % | |
| R2 | 2.95 | 1.98 % | ||
| R1 | 2.93 | 1.49 % | ||
| Current price: | 2.89 | |||
| Support | S1 | 2.89 | -0.101 % | |
| S2 | 2.87 | -0.591 % | ||
| S3 | 2.85 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.42 | 18.34 % | |
| R2 | 3.09 | 6.92 % | ||
| R1 | 3.00 | 3.81 % | ||
| Current price | 2.89 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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