Intact Financial Corporation Stock Forecast
Green day on Wednesday for Intact Financial Corporation stock after gaining 0.0952%
(Updated on Apr 24, 2024)
The Intact Financial Corporation stock price gained 0.0952% on the last trading day (Wednesday, 24th Apr 2024), rising from $220.68 to $220.89. During the last trading day the stock fluctuated 1.08% from a day low at $220.50 to a day high of $222.88. The price has risen in 7 of the last 10 days and is up by 0.1% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 154 thousand shares were bought and sold for approximately $34.09 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $219.80 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 3.50% during the next 3 months and, with a 90% probability hold a price between $227.49 and $249.79 at the end of this 3-month period.
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IFC.TO Signals & Forecast
The Intact Financial Corporation 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 $221.33 and $221.99. A break-up above any of these levels will issue buy signals. 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 Tuesday, April 02, 2024, and so far it has risen 1.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Intact Financial Corporation stock
Intact Financial Corporation finds support from accumulated volume at $220.69 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 $2.38 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: $209.40 (-5.20%) (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 (IFC.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Intact Financial Corporation to open at $221.42, and during the day (based on 14 day Average True Range), to move between $217.85 and $223.93, which gives a possible trading interval of +/-$3.04 (+/-1.38%) up or down from last closing price. If Intact Financial Corporation 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 support from accumulated volume at $220.69 (0.09%) than the resistance at $223.46 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intact Financial Corporation 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: 1.471 Buy Candidate Unchanged
Predicted Opening Price for Intact Financial Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $221.42 ( 0.241%) | $220.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFC.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 223.80 | 1.32 % | |
| R2 | 222.89 | 0.91 % | ||
| R1 | 222.33 | 0.653 % | ||
| Current price: | 220.89 | |||
| Support | S1 | 220.51 | -0.170 % | |
| S2 | 219.95 | -0.424 % | ||
| S3 | 219.04 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 228.95 | 3.65 % | |
| R2 | 224.96 | 1.84 % | ||
| R1 | 223.46 | 1.16 % | ||
| Current price | 220.89 | |||
| Support | S1 | 220.69 | -0.0905% | |
| S2 | 220.68 | -0.0951% | ||
| S3 | 208.43 | -5.64% |
IFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Mar 14, 2024 | Mar 29, 2024 | $1.21 | 0.550% |
| 2 | Nov 07, 2023 | Dec 14, 2023 | Dec 29, 2023 | $1.10 | 0.540% |
| 3 | Aug 02, 2023 | Sep 14, 2023 | Sep 29, 2023 | $1.10 | 0.555% |
| 4 | May 10, 2023 | Jun 14, 2023 | Sep 29, 2023 | $1.10 | 0.555% |
| 5 | Feb 08, 2023 | Mar 14, 2023 | Mar 31, 2023 | $1.10 | 0.569% |
FAQ
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