RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IFC.TO
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Intact Financial Corporation stock price down 0.0906% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Loss -0.09% PDF

The Intact Financial Corporation stock price fell by -0.0906% on the last day (Wednesday, 27th Mar 2024) from $220.69 to $220.49. During the last trading day the stock fluctuated 1.59% from a day low at $219.04 to a day high of $222.52. The price has fallen in 9 of the last 10 days and is down by -2.48% 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 -330 thousand shares and in total, 257 thousand shares were bought and sold for approximately $56.65 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 $219.75 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 13.49% during the next 3 months and, with a 90% probability hold a price between $249.40 and $279.58 at the end of this 3-month period.

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IFC.TO Signals & Forecast

There are few to no technical positive signals at the moment. 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 $221.08 and $223.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -6.56%. 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 Intact Financial Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $208.43 and $205.04. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Intact Financial Corporation finds support just below today's level at $208.43. If this is broken, then the next support from accumulated volume will be at $205.04 and $201.59.

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 $3.48 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 1.51%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IFC.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Intact Financial Corporation to open at $220.68, and during the day (based on 14 day Average True Range), to move between $217.20 and $223.78, which gives a possible trading interval of +/-$3.29 (+/-1.49%) up or down from last closing price. If Intact Financial Corporation takes out the full calculated possible swing range there will be an estimated 2.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $223.46 (1.35%) than the support at $208.43 (5.47%), 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 Intact Financial Corporation stock A Buy?

The Intact Financial Corporation stock holds several negative signals and despite the positive trend, we believe Intact Financial Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.515 Sell Candidate Unchanged

Predicted Opening Price for Intact Financial Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$220.68 ( 0.0877%) $220.49

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 224.16 1.67 %
R2 222.83 1.06 %
R1 222.01 0.691 %
Current price: 220.49
Support S1 219.35 -0.515 %
S2 218.53 -0.89 %
S3 217.20 -1.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 228.95 3.84 %
R2 224.96 2.03 %
R1 223.46 1.35 %
Current price 220.49
Support S1 208.43 -5.47%
S2 205.04 -7.01%
S3 201.59 -8.57%

IFC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 13, 2024 Mar 14, 2024 Mar 29, 2024 $1.21 0.549%
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

What is the symbol for Intact Financial Corporation Stock and on which exchange is it traded?
The symbol for Intact Financial Corporation is IFC.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Intact Financial Corporation Stock?
The Intact Financial Corporation stock holds several negative signals and despite the positive trend, we believe Intact Financial Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Intact Financial Corporation Stock?
Intact Financial Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Intact Financial Corporation Stock.

What's the current price of Intact Financial Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Intact Financial Corporation (IFC.TO) share was $220.49.

What is the 52-week high and low for Intact Financial Corporation Stock?
The 52-week high for Intact Financial Corporation Stock is $237.25 and the 52-week low is $188.22.

What is the market capitalization of Intact Financial Corporation Stock?
As of the 2024-03-27, the market capitalization of Intact Financial Corporation is 38.348B.

When is the next earnings date for Intact Financial Corporation?
The upcoming earnings date for Intact Financial Corporation is May 07, 2024.
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About Intact Financial Corporation

Intact Financial Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks... IFC.TO Profile

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