Fairvest Limited Stock Forecast
Evaluation of Fairvest Limited stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Fairvest Limited stock price fell by -2.28% on the last day (Tuesday, 2nd Jul 2024) from $395.00 to $386.00. During the last trading day the stock fluctuated 5.44% from a day low at $386.00 to a day high of $407.00. The price has fallen in 7 of the last 10 days and is down by -5.85% 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 -1 million shares and in total, 2 million shares were bought and sold for approximately $851.30 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $385.79 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.96% during the next 3 months and, with a 90% probability hold a price between $447.34 and $500.50 at the end of this 3-month period.
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FTB.JO Signals & Forecast
There are few to no technical positive signals at the moment. The Fairvest Limited 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 $387.29 and $389.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -7.66%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Fairvest Limited stock
Fairvest Limited finds support from accumulated volume at $385.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $21.00 (5.44%) between high and low. For the last week, the stock has had daily average volatility of 4.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FTB.JO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Fairvest Limited to open at $393.00, and during the day (based on 14 day Average True Range), to move between $367.85 and $404.15, which gives a possible trading interval of +/-$18.15 (+/-4.70%) up or down from last closing price. If Fairvest Limited takes out the full calculated possible swing range there will be an estimated 9.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $385.00 (0.26%) than the resistance at $392.00 (1.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fairvest Limited stock A Buy?
The Fairvest Limited stock holds several negative signals and despite the positive trend, we believe Fairvest Limited will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.503 Sell Candidate Downgraded
Predicted Opening Price for Fairvest Limited of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$393.00 ( 1.81%) | $386.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTB.JO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 414.00 | 7.25% |
R2 | 405.98 | 5.18% |
R1 | 401.02 | 3.89% |
Price | 386.00 | |
S1 | 384.98 | -0.265% |
S2 | 380.02 | -1.55% |
S3 | 372.00 | -3.63% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 404.00 | 4.66% |
R2 | 395.00 | 2.33% |
R1 | 392.00 | 1.55% |
Price | 386.00 | |
S1 | 385.00 | -0.259% |
S2 | 366.00 | -5.18% |
S3 | 342.00 | -11.40% |
FTB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 19, 2024 | Jun 19, 2024 | Jun 24, 2024 | $21.24 | 5.53% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $20.32 | 5.81% |
3 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | $20.97 | 6.53% |
4 | Dec 21, 2022 | Dec 21, 2022 | Dec 21, 2022 | $21.96 | 7.11% |
5 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | $21.33 | 6.95% |
FAQ
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