$142.94 (1.16%)

Volume: 26.372k

Closed: Jan 27, 2023

Hollow Logo Score: 5.719
FirstService Corporation Stock
$142.94 (1.16%)

Volume: 26.372k

Closed: Jan 27, 2023

Score Hollow Logo 5.719

FirstService Corporation Stock Forecast

Updated Fri, Jan 27, 2023
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.

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Stronger technical forecast for FirstService Corporation stock price after Friday trading.
(Updated on Jan 27, 2023)

Buy or Hold candidate since 2023-01-06 Gain 11.87% PDF

The FirstService Corporation stock price gained 1.16% on the last trading day (Friday, 27th Jan 2023), rising from $141.30 to $142.94. During the last trading day the stock fluctuated 1.95% from a day low at $141.00 to a day high of $143.76. The price has risen in 7 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 26 thousand shares were bought and sold for approximately $3.77 million. 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.

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The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $140.77, a level that may pose a second chance to hit a runner. According to fan-theory $156.07 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

FSV Signals & Forecast

Mostly positive signals in the chart today. The FirstService Corporation 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 $140.16 and $129.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, December 20, 2022, and so far it has risen 19.61%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, December 20, 2022 with a target of $142.31. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

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Support, Risk & Stop-loss for FirstService Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $126.61 and $124.06. 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, FirstService Corporation finds support just below today's level at $126.61. If this is broken, then the next support from accumulated volume will be at $124.06 and $122.31.

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 $2.75 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 2.29%.

The FirstService Corporation stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $138.65 (-3.00%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (FSV) For The Upcoming Trading Day Of Monday 30th

For the upcoming trading day on Monday, 30th we expect FirstService Corporation to open at $142.57, and during the day (based on 14 day Average True Range), to move between $139.64 and $146.24, which gives a possible trading interval of +/-$3.30 (+/-2.31%) up or down from last closing price. If FirstService Corporation takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $16.33 (11.42%) our system find the risk reward attractive.

Is FirstService Corporation stock A Buy?

FirstService Corporation holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

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Strong Buy Candidate Upgraded

Predicted Opening Price for FirstService Corporation of Monday, January 30, 2023

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

Fair opening price January 30, 2023 Current price
$142.57 $142.94 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 145.32 1.66 %
R2 144.27 0.93 %
R1 143.62 0.474 %
Current price: 142.94
Support S1 141.51 -1.00 %
S2 140.86 -1.45 %
S3 139.81 -2.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 142.94
Support S1 126.61 -11.42%
S2 124.06 -13.21%
S3 122.31 -14.43%

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About FirstService Corporation

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management services for private residential communities, such as condominiums, co-operatives, homeo... FSV Profile

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