Financial 15 Split Corp. Stock Forecast

Stronger technical forecast for Financial 15 Split Corp. stock price after Monday trading.
(Updated on Jun 17, 2024)

FTN.TO Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.98%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $8.19. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.47%

Our recommended stop-loss: $7.70 (-6.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (FTN.TO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Financial 15 Split Corp. to open at $8.21, 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 +/-$0.105 (+/-1.28%) 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 2.57% 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?

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 Financial 15 Split Corp. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.042 Buy Candidate Upgraded

Predicted Opening Price for Financial 15 Split Corp. of Tuesday, June 18, 2024

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