RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FRD
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Friedman Industries Incorporated stock price ended at $18.66 on Wednesday, after gaining 0.107%.
(Updated on Mar 27, 2024)

Buy candidate since Mar 22, 2024 Gain 3.44% PDF

The Friedman Industries Incorporated stock price gained 0.107% on the last trading day (Wednesday, 27th Mar 2024), rising from $18.64 to $18.66. During the last trading day the stock fluctuated 1.78% from a day low at $18.50 to a day high of $18.83. The price has fallen in 6 of the last 10 days but is still up by 4.71% 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, 4 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $281.47 thousand.

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 17.43% during the next 3 months and, with a 90% probability hold a price between $19.84 and $23.57 at the end of this 3-month period.

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FRD Signals & Forecast

The Friedman Industries Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.94 and $17.77. A breakdown below any of these levels will issue sell signals. Friedman Industries Incorporated has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -1.17%. 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).

Support, Risk & Stop-loss for Friedman Industries Incorporated stock

On the downside, the stock finds support just below today's level from accumulated volume at $17.05 and $16.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Friedman Industries Incorporated finds support just below today's level at $17.05. If this is broken, then the next support from accumulated volume will be at $16.60 and $16.48.

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 $0.330 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 3.64%.

Our recommended stop-loss: $17.85 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (FRD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Friedman Industries Incorporated to open at $18.66, and during the day (based on 14 day Average True Range), to move between $17.97 and $19.35, which gives a possible trading interval of +/-$0.687 (+/-3.68%) up or down from last closing price. If Friedman Industries Incorporated takes out the full calculated possible swing range there will be an estimated 7.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.70 (0.21%) than the support at $17.05 (8.63%), 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 Friedman Industries Incorporated 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 Friedman Industries Incorporated stock to perform well in the short-term.

Current score: 2.624 Buy Candidate Unchanged

Predicted Opening Price for Friedman Industries Incorporated of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$18.66 ( 0.0179%) $18.66

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

Trading levels for FRD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 18.99 1.79 %
R2 18.87 1.11 %
R1 18.79 0.693 %
Current price: 18.66
Support S1 18.54 -0.658 %
S2 18.46 -1.08 %
S3 18.33 -1.75 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.00 1.82 %
R2 18.88 1.18 %
R1 18.70 0.214 %
Current price 18.66
Support S1 17.05 -8.63%
S2 16.60 -11.04%
S3 16.48 -11.68%

FRD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Apr 25, 2024 May 24, 2024 $0.0400 0.213%
2 Dec 13, 2023 Jan 18, 2024 Feb 16, 2024 $0.0200 0.117%
3 Sep 13, 2023 Oct 19, 2023 Nov 10, 2023 $0.0200 0.175%
4 Jun 20, 2023 Jul 20, 2023 Aug 11, 2023 $0.0200 0.112%
5 Mar 21, 2023 Apr 27, 2023 May 26, 2023 $0.0200 0.197%

FAQ

What is the symbol for Friedman Industries Incorporated Stock and on which exchange is it traded?
The symbol for Friedman Industries Incorporated is FRD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Friedman Industries Incorporated Stock?
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 Friedman Industries Incorporated stock to perform well in the short-term.

How to buy Friedman Industries Incorporated Stock?
Friedman Industries Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Friedman Industries Incorporated Stock.

What's the current price of Friedman Industries Incorporated Stock?
As of the end of day on the 2024-03-27, the price of an Friedman Industries Incorporated (FRD) share was $18.66.

What is the 52-week high and low for Friedman Industries Incorporated Stock?
The 52-week high for Friedman Industries Incorporated Stock is $19.33 and the 52-week low is $9.50.

What is the market capitalization of Friedman Industries Incorporated Stock?
As of the 2024-03-27, the market capitalization of Friedman Industries Incorporated is 130.178M.

When is the next earnings date for Friedman Industries Incorporated ?
The upcoming earnings date for Friedman Industries Incorporated is Jun 27, 2024.
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About Friedman Industries Incorporated

Friedman Industriesorporated Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. The company sells coil... FRD Profile

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