First Horizon National Corporation Stock Forecast

First Horizon National Corporation stock price down 0.87% on Thursday
(Updated on Apr 25, 2024)

FHN Signals & Forecast

The First Horizon National Corporation 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 $14.66 and $14.78. 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 Wednesday, April 24, 2024, and so far it has fallen -0.87%. 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 Horizon National Corporation stock

First Horizon National Corporation finds support from accumulated volume at $14.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.245 between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 2.07%.

Our recommended stop-loss: $14.31 (-3.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (FHN) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect First Horizon National Corporation to open at $14.83, and during the day (based on 14 day Average True Range), to move between $14.43 and $15.17, which gives a possible trading interval of +/-$0.367 (+/-2.48%) up or down from last closing price. If First Horizon National Corporation takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.68 (0.81%) than the resistance at $14.94 (0.95%), 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 Horizon National Corporation stock A Buy?

First Horizon National Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.509 Hold/Accumulate Unchanged

Predicted Opening Price for First Horizon National Corporation of Friday, April 26, 2024

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