FirstService Corp Stock Forecast
FirstService Corp stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The FirstService Corp stock price fell by -2.31% on the last day (Thursday, 25th Apr 2024) from $212.21 to $207.30. During the last trading day the stock fluctuated 2.19% from a day low at $206.61 to a day high of $211.13. The price has fallen in 6 of the last 10 days and is down by -2.22% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 87 thousand shares were bought and sold for approximately $18.05 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $204.42 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.93% during the next 3 months and, with a 90% probability hold a price between $190.25 and $208.30 at the end of this 3-month period.
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FSV.TO Signals & Forecast
There are mixed signals in the stock today. The FirstService Corp 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 $207.89 and $218.54. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.88%. 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).
Support, Risk & Stop-loss for FirstService Corp stock
FirstService Corp finds support from accumulated volume at $206.69 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.52 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FSV.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect FirstService Corp to open at $208.35, and during the day (based on 14 day Average True Range), to move between $203.46 and $211.14, which gives a possible trading interval of +/-$3.84 (+/-1.85%) up or down from last closing price. If FirstService Corp takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $206.69 (0.29%) than the resistance at $223.34 (7.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FirstService Corp stock A Buy?
FirstService Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.721 Sell Candidate Downgraded
Predicted Opening Price for FirstService Corp of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $208.35 ( 0.505%) | $207.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSV.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 212.87 | 2.69 % | |
| R2 | 211.14 | 1.85 % | ||
| R1 | 210.07 | 1.34 % | ||
| Current price: | 207.30 | |||
| Support | S1 | 206.62 | -0.328 % | |
| S2 | 205.55 | -0.84 % | ||
| S3 | 203.83 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 227.63 | 9.81 % | |
| R2 | 224.99 | 8.53 % | ||
| R1 | 223.34 | 7.74 % | ||
| Current price | 207.30 | |||
| Support | S1 | 206.69 | -0.294% | |
| S2 | 205.70 | -0.772% | ||
| S3 | 205.50 | -0.87% |
FSV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 05, 2024 | $0.305 | 0.141% |
| 2 | Nov 28, 2023 | Dec 28, 2023 | Jan 05, 2024 | $0.312 | 0.147% |
| 3 | Sep 12, 2023 | Sep 28, 2023 | Oct 06, 2023 | $0.304 | 0.154% |
| 4 | May 09, 2023 | Jun 29, 2023 | Jul 07, 2023 | $0.298 | 0.147% |
| 5 | Feb 06, 2023 | Mar 30, 2023 | Apr 11, 2023 | $0.305 | 0.161% |
FAQ
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