FirstService Corp Stock Forecast
Red day on Monday for FirstService Corp stock after losing 0.347%
(Updated on Apr 15, 2024)
The FirstService Corp stock price fell by -0.347% on the last day (Monday, 15th Apr 2024) from £288.50 to £287.50. During the last trading day the stock fluctuated 2.61% from a day low at £284.50 to a day high of £291.92. The price has fallen in 5 of the last 10 days and is down by -0.52% for this period. Volume has increased on the last day by 112 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, 513 thousand shares were bought and sold for approximately £147.55 million.
The stock lies in the middle of a narrow and weak 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 5.06% during the next 3 months and, with a 90% probability hold a price between £292.04 and £305.75 at the end of this 3-month period.
FSV.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -0.519%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The FirstService Corp 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 £287.29 and £282.49. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for FirstService Corp stock
FirstService Corp finds support from accumulated volume at £287.00 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 £7.42 between high and low, or 2.61%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: £278.72 (-3.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (FSV.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect FirstService Corp to open at £287.97, and during the day (based on 14 day Average True Range), to move between £283.58 and £291.42, which gives a possible trading interval of +/-£3.92 (+/-1.36%) up or down from last closing price. If FirstService Corp takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £288.00 (0.17%) than the support at £287.00 (0.17%), 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.
Earnings coming up
FirstService Corp will release earnings BMO on Tuesday, April 16, 2024. We will update the financials statements for FirstService Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.43% in the first trading day after earnings release.
Is FirstService Corp stock A Buy?
FirstService 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: -0.382 Hold/Accumulate Unchanged
Predicted Opening Price for FirstService Corp of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £287.97 ( 0.165%) | £287.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSV.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 295.40 | 2.75 % | |
| R2 | 292.56 | 1.76 % | ||
| R1 | 290.81 | 1.15 % | ||
| Current price: | 287.50 | |||
| Support | S1 | 285.14 | -0.82 % | |
| S2 | 283.39 | -1.43 % | ||
| S3 | 280.55 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 289.00 | 0.522 % | |
| R2 | 288.50 | 0.348 % | ||
| R1 | 288.00 | 0.174 % | ||
| Current price | 287.50 | |||
| Support | S1 | 287.00 | -0.174% | |
| S2 | 277.00 | -3.65% | ||
| S3 | 275.50 | -4.17% |
FSV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £6.27 | 2.35% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £2.53 | 0.89% |
| 3 | Nov 04, 2022 | Dec 01, 2022 | Jan 11, 2023 | £5.45 | 1.92% |
| 4 | Apr 29, 2022 | May 12, 2022 | Jun 22, 2022 | £2.30 | 0.86% |
| 5 | Nov 08, 2021 | Dec 02, 2021 | Jan 12, 2022 | £4.50 | 1.45% |
FAQ
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