Fortress Transportation and Stock Forecast
Fortress Transportation and stock price ended at $72.69 on Tuesday, after gaining 2.54%.
(Updated on Apr 23, 2024)
The Fortress Transportation and stock price gained 2.54% on the last trading day (Tuesday, 23rd Apr 2024), rising from $70.89 to $72.69. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.17% from a day low at $70.90 to a day high of $73.86. The price has been going up and down for this period, and there has been a 2.38% gain for the last 2 weeks. Volume fell on the last day by -254 thousand shares and in total, 802 thousand shares were bought and sold for approximately $58.26 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.
The stock lies in the middle of a wide and strong 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 40.50% during the next 3 months and, with a 90% probability hold a price between $94.03 and $108.21 at the end of this 3-month period.
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FTAI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -0.0413%. 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). The Fortress Transportation and 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 $70.41 and $65.63. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Fortress Transportation and stock
Fortress Transportation and finds support from accumulated volume at $70.04 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 $2.96 between high and low, or 4.17%. For the last week, the stock has had daily average volatility of 4.72%.
Our recommended stop-loss: $70.26 (-3.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (FTAI) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Fortress Transportation and Infrastructure Investors LLC to open at $72.48, and during the day (based on 14 day Average True Range), to move between $70.11 and $75.27, which gives a possible trading interval of +/-$2.58 (+/-3.54%) up or down from last closing price. If Fortress Transportation and Infrastructure Investors LLC takes out the full calculated possible swing range there will be an estimated 7.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $72.72 (0.04%) than the support at $70.04 (3.65%), 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
Fortress Transportation and Infrastructure Investors LLC will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.370. We will update the financials statements for Fortress Transportation and Infrastructure Investors LLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.04% in the first trading day after earnings release.
Is Fortress Transportation and Infrastructure Investors LLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fortress Transportation and stock to perform well in the short-term.
Current score: 1.256 Buy Candidate Unchanged
Predicted Opening Price for Fortress Transportation and Infrastructure Investors LLC of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$72.48 ( 0.287%) | $72.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTAI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 75.44 | 3.78 % | |
R2 | 74.31 | 2.23 % | ||
R1 | 73.61 | 1.27 % | ||
Current price: | 72.69 | |||
Support | S1 | 71.35 | -1.84 % | |
S2 | 70.66 | -2.80 % | ||
S3 | 69.53 | -4.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 72.72 | 0.0413 % | ||
Current price | 72.69 | |||
Support | S1 | 70.04 | -3.65% | |
S2 | 60.04 | -17.40% | ||
S3 | 57.90 | -20.35% |
FTAI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 07, 2024 | Mar 20, 2024 | $0.300 | 0.474% |
2 | Oct 25, 2023 | Nov 13, 2023 | Nov 28, 2023 | $0.300 | 0.729% |
3 | Aug 06, 2023 | Aug 11, 2023 | Aug 29, 2023 | $0.300 | 0.83% |
4 | Aug 07, 2023 | May 11, 2023 | May 23, 2023 | $0.300 | 1.04% |
5 | May 27, 2023 | Mar 09, 2023 | Mar 22, 2023 | $0.300 | 1.20% |
FAQ
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