Flaherty & Crumrine Preferred Securities Stock Forecast

Flaherty & Crumrine Preferred Securities stock price ended at $13.83 on Monday, after losing 1.98%.
(Updated on Apr 15, 2024)

FFC Signals & Forecast

There are few to no technical positive signals at the moment. The Flaherty & Crumrine Preferred Securities stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.31 and $14.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -6.93%. 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 Flaherty & Crumrine Preferred Securities stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.350 between high and low, or 2.54%. For the last week the stock has had daily average volatility of 1.21%.

Flaherty & Crumrine Preferred Securities is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (FFC) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Flaherty & Crumrine Preferred Securities Income Fund Inc to open at $13.93, and during the day (based on 14 day Average True Range), to move between $13.67 and $13.99, which gives a possible trading interval of +/-$0.156 (+/-1.13%) up or down from last closing price. If Flaherty & Crumrine Preferred Securities Income Fund Inc takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $14.18, some $0.350 (2.53%) from the current price of $13.83, our system finds the risk reward not very attractive.

Is Flaherty & Crumrine Preferred Securities Income Fund Inc stock A Buy?

The Flaherty & Crumrine Preferred Securities stock holds several negative signals and despite the positive trend, we believe Flaherty & Crumrine Preferred Securities will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.321 Sell Candidate Unchanged

Predicted Opening Price for Flaherty & Crumrine Preferred Securities Income Fund Inc of Tuesday, April 16, 2024

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