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AI Analysis of FC.TO
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Firm Capital Mortgage Investment Corp stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 25, 2024 PDF

The Firm Capital Mortgage Investment Corp stock price fell by -0.781% on the last day (Wednesday, 27th Mar 2024) from $11.52 to $11.43. During the last trading day the stock fluctuated 1.23% from a day low at $11.38 to a day high of $11.52. The price has been going up and down for this period, and there has been a 0.62% gain for the last 2 weeks. 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 -23 thousand shares and in total, 10 thousand shares were bought and sold for approximately $115.71 thousand.

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 $11.37 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 4.84% during the next 3 months and, with a 90% probability hold a price between $11.92 and $12.63 at the end of this 3-month period.

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FC.TO Signals & Forecast

The Firm Capital Mortgage Investment Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.37 and $11.43. A breakdown 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 sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -2.06%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Tuesday, February 27, 2024 and based on theory for this formation the price should fall by -3.24% to $11.06 within 20 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Firm Capital Mortgage Investment Corp stock

Firm Capital Mortgage Investment Corp finds support from accumulated volume at $11.40 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 $0.140 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.57%

Our recommended stop-loss: $10.96 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Firm Capital Mortgage Investment Corporation to open at $11.44, and during the day (based on 14 day Average True Range), to move between $11.26 and $11.60, which gives a possible trading interval of +/-$0.171 (+/-1.50%) up or down from last closing price. If Firm Capital Mortgage Investment Corporation takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.45 (0.17%) than the support at $11.40 (0.26%), 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 Firm Capital Mortgage Investment Corporation stock A Buy?

Firm Capital Mortgage Investment Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.459 Hold/Accumulate Downgraded

Predicted Opening Price for Firm Capital Mortgage Investment Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$11.44 ( 0.117%) $11.43

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

Trading levels for FC.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.58 1.34 %
R2 11.53 0.87 %
R1 11.50 0.585 %
Current price: 11.43
Support S1 11.39 -0.351 %
S2 11.36 -0.640 %
S3 11.30 -1.11 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.59 1.40 %
R2 11.52 0.787 %
R1 11.45 0.175 %
Current price 11.43
Support S1 11.40 -0.262%
S2 11.34 -0.787%
S3 11.20 -2.01%

FC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 17, 2024 $0.0780 0.682%
2 Feb 28, 2024 Feb 28, 2024 Mar 15, 2024 $0.0780 0.693%
3 Jan 30, 2024 Jan 30, 2024 Jan 30, 2024 $0 0%
4 Dec 01, 2023 Dec 28, 2023 Jan 15, 2024 $0.0780 0.705%
5 Nov 29, 2023 Nov 29, 2023 Dec 15, 2023 $0.0780 0.735%

FAQ

What is the symbol for Firm Capital Mortgage Investment Corporation Stock and on which exchange is it traded?
The symbol for Firm Capital Mortgage Investment Corporation is FC.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Firm Capital Mortgage Investment Corporation Stock?
Firm Capital Mortgage Investment Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Firm Capital Mortgage Investment Corporation Stock?
Firm Capital Mortgage Investment 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 Firm Capital Mortgage Investment Corporation Stock.

What's the current price of Firm Capital Mortgage Investment Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Firm Capital Mortgage Investment Corporation (FC.TO) share was $11.43.

What is the 52-week high and low for Firm Capital Mortgage Investment Corporation Stock?
The 52-week high for Firm Capital Mortgage Investment Corporation Stock is $11.85 and the 52-week low is $9.41.

What is the market capitalization of Firm Capital Mortgage Investment Corporation Stock?
As of the 2024-03-27, the market capitalization of Firm Capital Mortgage Investment Corporation is 394.192M.

When is the next earnings date for Firm Capital Mortgage Investment Corporation?
The upcoming earnings date for Firm Capital Mortgage Investment Corporation is May 02, 2024.
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About Firm Capital Mortgage Investment Corporation

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial short-term bridge, and conventional real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company also offers mortgage services, such as real estate financing, real estate investment financing, capital market, and loan servicing and advisory servic... FC.TO Profile

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