First Cash Financial Services Stock Forecast
Big movements in First Cash Financial Services stock price on Thursday moving 12.80% between high and low
(Updated on Apr 25, 2024)
The First Cash Financial Services stock price fell by -13.19% on the last day (Thursday, 25th Apr 2024) from $132.03 to $114.61. During the last trading day the stock fluctuated 12.80% from a day low at $114.10 to a day high of $128.70. The price has fallen in 6 of the last 10 days and is down by -12.76% for this period. Volume has increased on the last day by 762 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $124.53 million.
Given the current short-term trend, the stock is expected to rise 12.58% during the next 3 months and, with a 90% probability hold a price between $129.03 and $149.71 at the end of this 3-month period.
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FCFS Signals & Forecast
There are few to no technical positive signals at the moment. The First Cash Financial Services stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $128.36 and $124.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -13.50%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for First Cash Financial Services stock
First Cash Financial Services finds support from accumulated volume at $114.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $14.60 (12.80%) between high and low. For the last week, the stock has had daily average volatility of 3.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FCFS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect First Cash Financial Services to open at $119.14, and during the day (based on 14 day Average True Range), to move between $110.87 and $118.35, which gives a possible trading interval of +/-$3.74 (+/-3.26%) up or down from last closing price. If First Cash Financial Services takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $114.50 (0.10%) than the resistance at $114.77 (0.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is First Cash Financial Services stock A Buy?
The First Cash Financial Services stock holds several negative signals and despite the positive trend, we believe First Cash Financial Services will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -2.510 Sell Candidate Downgraded
Predicted Opening Price for First Cash Financial Services of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$119.14 ( 3.95%) | $114.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCFS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 133.74 | 16.69 % | |
R2 | 128.16 | 11.82 % | ||
R1 | 124.71 | 8.82 % | ||
Current price: | 114.61 | |||
Support | S1 | 113.56 | -0.92 % | |
S2 | 110.11 | -3.92 % | ||
S3 | 104.54 | -8.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 118.68 | 3.55 % | |
R2 | 118.37 | 3.28 % | ||
R1 | 114.77 | 0.140 % | ||
Current price | 114.61 | |||
Support | S1 | 114.50 | -0.0960% | |
S2 | 0 | . | ||
S3 | 0 | . |
FCFS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 13, 2024 | Feb 28, 2024 | $0.350 | 0.302% |
2 | Oct 26, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.350 | 0.313% |
3 | Jul 26, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.350 | 0.392% |
4 | Apr 26, 2023 | May 12, 2023 | Aug 31, 2023 | $0.330 | 0.369% |
5 | Feb 01, 2023 | Feb 13, 2023 | May 31, 2023 | $0.330 | 0.335% |
FAQ
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