Stronger Sell Today FAF ranks #3118 as SELL CANDIDATE #3118 Weaker Sell

FAF stock forecast First American Corporation (The)

FAF stock forecast

VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

FAF Forecast and Technical Stock Analysis

Sell candidate since 2019-07-18

First American Corporation (The) fell by -0.61% in the last day ( Thursday, 18th Jul 2019 ) from $55.95 to $55.61 During day the stock fluctuated 1.23% from a day low at $55.40 to a day high of $56.08. The price has risen in 6 of the last 10 days and is up by 0.85% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -346 426 shares and in total 721 009 shares bought and sold for approximately $40.10 million.

Quick summary:

  • 30 day high of the FAF stock price was $56.66 and low was $52.89.
  • 90 day high was $58.29 and low was $49.52.
  • 52 week high for the First American Corporation (The) - $58.29 and low - $41.96.
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Trend

First American Corporation (The) lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $56.17 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.16% during the next 3 months and, with 90% probability hold a price between $49.06 and $54.39 at the end of this period.

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Signals

First American Corporation (The) holds buy signals from both short- and long-term moving averages. In addition, 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 $54.98 and $53.88. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 66 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

First American Corporation (The) finds support from accumulated volume at $53.70.

Support: $53.70 Price: $55.61 Resistance: $55.79

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.68 (1.23%) between high and low. For the last week, the stock has had a daily average volatility of 1.58%.

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

1.58 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

First American Corporation (The) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Stronger Sell Today FAF ranks #3118 as SELL CANDIDATE #3118 Weaker Sell

Will FAF stock price go up or down on Mon, 22 Jul 2019?

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