Festi hf. Stock Forecast
Festi hf. stock upgraded to Buy Candidate.
(Updated on Apr 18, 2024)
No changes to the price of Festi hf. stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 0.392% from a day low at 191.25 Íkr to a day high of 192.00 Íkr. The price has risen in 4 of the last 10 days and is up by 2.4% over the past 2 weeks.
The stock lies the upper part of a falling trend in the short term, and this may 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 194.09 Íkr 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 -7.41% during the next 3 months and, with a 90% probability hold a price between 169.85 Íkr and 179.71 Íkr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FESTI.IC Signals & Forecast
Mostly positive signals in the chart today. The Festi hf. 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 191.57 Íkr and 191.88 Íkr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.67%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for Festi hf. stock
Festi hf. finds support from accumulated volume at 191.50 Íkr 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 0.750 Íkr between high and low, or 0.392%. For the last week the stock has had daily average volatility of 0.288%.
Our recommended stop-loss: 181.75 Íkr (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (FESTI.IC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Festi hf. to open at 191.75 Íkr, and during the day (based on 14 day Average True Range), to move between 190.34 Íkr and 193.66 Íkr, which gives a possible trading interval of +/-1.66 Íkr (+/-0.87%) up or down from last closing price. If Festi hf. takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 191.50 Íkr (0.26%) than the resistance at 194.00 Íkr (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Festi hf. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.049 Buy Candidate Upgraded
Predicted Opening Price for Festi hf. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| 191.75 Íkr ( 0.130%) | 192.00 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FESTI.IC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 192.50 | 0.260 % | |
| R2 | 192.21 | 0.111 % | ||
| R1 | 192.04 | 0.0190 % | ||
| Current price: | 192.00 | |||
| Support | S1 | 191.46 | -0.279 % | |
| S2 | 191.29 | -0.372 % | ||
| S3 | 191.00 | -0.521 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 205.00 | 6.77 % | |
| R2 | 201.00 | 4.69 % | ||
| R1 | 194.00 | 1.04 % | ||
| Current price | 192.00 | |||
| Support | S1 | 191.50 | -0.260% | |
| S2 | 190.00 | -1.04% | ||
| S3 | 188.50 | -1.82% |
FESTI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Apr 10, 2024 | 3.00 Íkr | 1.58% |
| 2 | Mar 22, 2023 | Mar 22, 2023 | Mar 22, 2023 | 3.00 Íkr | 1.71% |
| 3 | Mar 22, 2022 | Mar 22, 2022 | Mar 22, 2022 | 5.00 Íkr | 2.08% |
| 4 | Mar 22, 2021 | Mar 22, 2021 | Mar 22, 2021 | 3.00 Íkr | 1.71% |
| 5 | Mar 23, 2020 | Mar 23, 2020 | Mar 23, 2020 | 2.00 Íkr | 1.85% |
FAQ
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