Franklin Street Properties Corp Stock Forecast
Green day on Thursday for Franklin Street Properties Corp stock after gaining 0.442%
(Updated on Mar 28, 2024)
The Franklin Street Properties Corp stock price gained 0.442% on the last trading day (Thursday, 28th Mar 2024), rising from $2.26 to $2.27. During the last trading day the stock fluctuated 2.67% from a day low at $2.25 to a day high of $2.31. The price has been going up and down for this period, and there has been a 3.65% gain for the last 2 weeks. Volume fell on the last day by -411 thousand shares and in total, 360 thousand shares were bought and sold for approximately $816.83 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.28 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.45% during the next 3 months and, with a 90% probability hold a price between $1.75 and $1.90 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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FSP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 5.58%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Franklin Street Properties Corp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.28. On a fall, the stock will find some support from the short-term average at $2.22. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Franklin Street Properties Corp stock
Franklin Street Properties Corp finds support from accumulated volume at $2.26 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0600 between high and low, or 2.67%. For the last week the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: $2.17 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (FSP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Franklin Street Properties Corp to open at $2.28, and during the day (based on 14 day Average True Range), to move between $2.19 and $2.35, which gives a possible trading interval of +/-$0.0754 (+/-3.32%) up or down from last closing price. If Franklin Street Properties Corp takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.26 (0.44%) than the resistance at $2.38 (4.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Franklin Street Properties Corp stock A Buy?
Franklin Street Properties Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.865 Hold/Accumulate Unchanged
Predicted Opening Price for Franklin Street Properties Corp of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$2.28 ( 0.294%) | $2.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.34 | 2.94 % | |
R2 | 2.31 | 1.93 % | ||
R1 | 2.30 | 1.30 % | ||
Current price: | 2.27 | |||
Support | S1 | 2.25 | -0.716 % | |
S2 | 2.24 | -1.34 % | ||
S3 | 2.22 | -2.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.46 | 8.37 % | |
R2 | 2.40 | 5.73 % | ||
R1 | 2.38 | 4.85 % | ||
Current price | 2.27 | |||
Support | S1 | 2.26 | -0.441% | |
S2 | 2.18 | -3.96% | ||
S3 | 2.17 | -4.41% |
FSP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Jan 25, 2024 | Feb 15, 2024 | $0.0100 | 0.424% |
2 | Oct 06, 2023 | Oct 19, 2023 | Nov 09, 2023 | $0.0100 | 0.465% |
3 | Jul 07, 2023 | Jul 20, 2023 | Aug 10, 2023 | $0.0100 | 0.508% |
4 | Apr 07, 2023 | Apr 20, 2023 | May 11, 2023 | $0.0100 | 0.667% |
5 | Jan 26, 2023 | Jan 26, 2023 | Feb 16, 2023 | $0.0100 | 0.358% |
FAQ
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