Fortress Transportation And Stock Forecast
Green day on Tuesday for Fortress Transportation And stock after gaining 0.200%
(Updated on Jun 25, 2024)
The Fortress Transportation And stock price gained 0.200% on the last trading day (Tuesday, 25th Jun 2024), rising from $25.05 to $25.10. During the last trading day the stock fluctuated 0.441% from a day low at $24.99 to a day high of $25.10. The price has fallen in 5 of the last 10 days and is down by -1.03% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately $681.84 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.04 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Fortress Transportation And stock with a 90% probability to be traded between $25.25 and $26.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FTAIO Signals & Forecast
The Fortress Transportation And 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 $25.10 and $25.24. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.337%. Further rise is indicated until a new top pivot has been found. Fortress Transportation And has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Fortress Transportation And stock
Fortress Transportation And finds support from accumulated volume at $25.02 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 $0.110 between high and low, or 0.441%. For the last week the stock has had daily average volatility of 0.497%.
Our recommended stop-loss: $23.57 (-6.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (FTAIO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Fortress Transportation And Infrastructure Investors Llc to open at $25.06, and during the day (based on 14 day Average True Range), to move between $24.94 and $25.26, which gives a possible trading interval of +/-$0.159 (+/-0.63%) 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 1.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.13 (0.12%) than the support at $25.02 (0.32%), 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.
Is Fortress Transportation And Infrastructure Investors Llc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.707 Buy Candidate Unchanged
Predicted Opening Price for Fortress Transportation And Infrastructure Investors Llc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $25.06 ( 0.146%) | $25.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTAIO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.17 | 0.292% |
| R2 | 25.13 | 0.125% |
| R1 | 25.11 | 0.0213% |
| Price | 25.10 | |
| S1 | 25.02 | -0.314% |
| S2 | 25.00 | -0.417% |
| S3 | 24.95 | -0.585% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.74 | 2.55% |
| R2 | 25.40 | 1.20% |
| R1 | 25.13 | 0.120% |
| Price | 25.10 | |
| S1 | 25.02 | -0.319% |
| S2 | 24.80 | -1.20% |
| S3 | 24.78 | -1.27% |
FTAIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 03, 2024 | Jun 14, 2024 | $0.500 | 1.99% |
| 2 | Feb 22, 2024 | Mar 04, 2024 | Mar 15, 2024 | $0.500 | 1.98% |
| 3 | Oct 25, 2023 | Nov 30, 2023 | Dec 01, 2023 | $0.500 | 2.04% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.500 | 2.04% |
| 5 | May 30, 2023 | May 31, 2023 | Jun 15, 2023 | $0.500 | 2.26% |
FAQ
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