Fairfax Financial Holdings Limited Stock Forecast

Fairfax Financial Holdings Limited stock upgraded to Hold/Accumulate.
(Updated on Apr 18, 2024)

FFH.TO Signals & Forecast

The Fairfax Financial Holdings Limited 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 $1,486.02 and $1,487.65. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, March 19, 2024, and so far it has fallen -2.86%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Fairfax Financial Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $1,323.40 and $1,303.89. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fairfax Financial Holdings Limited finds support just below today's level at $1,323.40. If this is broken, then the next support from accumulated volume will be at $1,303.89 and $1,237.55.

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 $29.01 between high and low, or 1.97%. For the last week the stock has had daily average volatility of 2.44%.

Our recommended stop-loss: $1,454.38 (-3.34%) (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 (FFH.TO) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Fairfax Financial Holdings Limited to open at $1,494.92, and during the day (based on 14 day Average True Range), to move between $1,472.99 and $1,536.19, which gives a possible trading interval of +/-$31.60 (+/-2.10%) up or down from last closing price. If Fairfax Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1,512.61 (0.53%) than the support at $1,323.40 (12.04%), 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 Fairfax Financial Holdings Limited stock A Buy?

Fairfax Financial Holdings Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.331 Hold/Accumulate Upgraded

Predicted Opening Price for Fairfax Financial Holdings Limited of Friday, April 19, 2024

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