Financial 15 Split Corp. Stock Forecast

Financial 15 Split Corp. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)

FTN.TO Signals & Forecast

There are mixed signals in the stock today. The Financial 15 Split Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.26. On a fall, the stock will find some support from the short-term average at $8.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -3.18%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Financial 15 Split Corp. stock

Financial 15 Split Corp. finds support from accumulated volume at $8.20 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 $0.260 between high and low, or 3.27%. For the last week the stock has had daily average volatility of 1.62%.

Financial 15 Split Corp. is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $7.78 (-5.18%) (This stock has low daily movements and this gives low risk. Low RSI14 is 29 which reduces the risk some. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (FTN.TO) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Financial 15 Split Corp. to open at $8.12, and during the day (based on 14 day Average True Range), to move between $8.10 and $8.32, which gives a possible trading interval of +/-$0.113 (+/-1.38%) up or down from last closing price. If Financial 15 Split Corp. takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.22 (0.12%) than the support at $8.20 (0.12%), 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 Financial 15 Split Corp. stock A Buy?

Financial 15 Split 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.832 Hold/Accumulate Upgraded

Predicted Opening Price for Financial 15 Split Corp. of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.