Fairfax Financial Holdings, Ltd. Stock Forecast
Weaker technical forecast for Fairfax Financial Holdings, Ltd. as stock downgraded to Sell Candidate.
(Updated on Jun 21, 2024)
The Fairfax Financial Holdings, Ltd. stock price fell by -0.0183% on the last day (Friday, 21st Jun 2024) from $1,090.20 to $1,090.00. During the last trading day the stock fluctuated 1.28% from a day low at $1,090.00 to a day high of $1,104.00. The price has fallen in 7 of the last 10 days and is down by -4.12% for this period. Volume has increased on the last day by 140 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, 281 shares were bought and sold for approximately $306.29 thousand.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $1,097.52. A reaction back to this level may hold a second chance to get out before further falls.
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FRFHF Signals & Forecast
There are few to no technical positive signals at the moment. The Fairfax Financial Holdings, Ltd. 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 $1,105.85 and $1,126.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -4.12%. 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). Fairfax Financial Holdings, Ltd. 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 Fairfax Financial Holdings, Ltd. stock
Fairfax Financial Holdings, Ltd. finds support from accumulated volume at $1,082.00 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 $14.00 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRFHF) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Fairfax Financial Holdings, Ltd. to open at $1,094.67, and during the day (based on 14 day Average True Range), to move between $1,071.32 and $1,108.68, which gives a possible trading interval of +/-$18.68 (+/-1.71%) up or down from last closing price. If Fairfax Financial Holdings, Ltd. takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1,082.00 (0.73%) than the resistance at $1,098.14 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fairfax Financial Holdings, Ltd. stock A Buy?
The Fairfax Financial Holdings, Ltd. stock holds several negative signals and despite the positive trend, we believe Fairfax Financial Holdings, Ltd. will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.602 Sell Candidate Downgraded
Predicted Opening Price for Fairfax Financial Holdings, Ltd. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $1,094.67 ( 0.428%) | $1,090.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRFHF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,108.67 | 1.71% |
| R2 | 1,103.32 | 1.22% |
| R1 | 1,100.01 | 0.92% |
| Price | 1,090.00 | |
| S1 | 1,089.32 | -0.0625% |
| S2 | 1,086.01 | -0.366% |
| S3 | 1,080.67 | -0.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,130.28 | 3.70% |
| R2 | 1,106.38 | 1.50% |
| R1 | 1,098.14 | 0.747% |
| Price | 1,090.00 | |
| S1 | 1,082.00 | -0.734% |
| S2 | 1,072.93 | -1.57% |
| S3 | 1,070.83 | -1.76% |
FRFHF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 17, 2024 | Jan 17, 2024 | Jan 25, 2024 | $15.00 | 1.51% |
| 2 | Jan 13, 2023 | Jan 18, 2023 | Jan 26, 2023 | $10.00 | 1.53% |
| 3 | Jan 14, 2022 | Jan 19, 2022 | Jan 27, 2022 | $10.00 | 2.12% |
| 4 | Jan 05, 2021 | Jan 20, 2021 | Jan 28, 2021 | $10.00 | 2.71% |
| 5 | Jan 16, 2020 | Jan 16, 2020 | Jan 16, 2020 | $10.00 | 2.14% |
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