Intact Financial Corporation Stock Forecast
Intact Financial Corporation stock price ended at $224.31 on Friday, after gaining 1.47%.
(Updated on Apr 26, 2024)
The Intact Financial Corporation stock price gained 1.47% on the last trading day (Friday, 26th Apr 2024), rising from $221.06 to $224.31. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.92% from a day low at $220.55 to a day high of $224.78. The price has risen in 8 of the last 10 days and is up by 2.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 169 thousand more shares were traded than the day before. In total, 331 thousand shares were bought and sold for approximately $74.22 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.66% during the next 3 months and, with a 90% probability hold a price between $225.35 and $246.67 at the end of this 3-month period.
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IFC.TO Signals & Forecast
Mostly positive signals in the chart today. The Intact Financial Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $221.93 and $221.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 3.04%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Intact Financial Corporation stock
Intact Financial Corporation finds support from accumulated volume at $223.46 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 $4.23 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: $211.39 (-5.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (IFC.TO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Intact Financial Corporation to open at $223.21, and during the day (based on 14 day Average True Range), to move between $221.18 and $227.44, which gives a possible trading interval of +/-$3.13 (+/-1.39%) up or down from last closing price. If Intact Financial Corporation takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $224.96 (0.29%) than the support at $223.46 (0.38%), 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?
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 Intact Financial Corporation stock to perform well in the short-term.
Current score: 2.772 Buy Candidate Unchanged
Predicted Opening Price for Intact Financial Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $223.21 ( 0.489%) | $224.31 |
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 | 227.44 | 1.40 % | |
| R2 | 225.83 | 0.677 % | ||
| R1 | 224.83 | 0.231 % | ||
| Current price: | 224.31 | |||
| Support | S1 | 221.60 | -1.21 % | |
| S2 | 220.60 | -1.65 % | ||
| S3 | 218.98 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 228.95 | 2.07 % | |
| R2 | 225.44 | 0.504 % | ||
| R1 | 224.96 | 0.290 % | ||
| Current price | 224.31 | |||
| Support | S1 | 223.46 | -0.379% | |
| S2 | 220.69 | -1.61% | ||
| S3 | 208.43 | -7.08% |
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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