Fluor Corporation Stock Forecast
Fluor Corporation stock price down 0.98% on Thursday
(Updated on Apr 18, 2024)
The Fluor Corporation stock price fell by -0.98% on the last day (Thursday, 18th Apr 2024) from $39.60 to $39.21. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.44% from a day low at $38.93 to a day high of $40.27. The price has fallen in 7 of the last 10 days and is down by -5.97% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -84 thousand shares and in total, 1 million shares were bought and sold for approximately $42.66 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.62% during the next 3 months and, with a 90% probability hold a price between $40.83 and $49.17 at the end of this 3-month period.
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FLR Signals & Forecast
There are few to no technical positive signals at the moment. The Fluor Corporation 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 $40.61 and $39.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -7.55%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, February 02, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, February 02, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Fluor Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $37.02 and $36.73. 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, Fluor Corporation finds support just below today's level at $37.02. If this is broken, then the next support from accumulated volume will be at $36.73 and $35.79.
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 $1.34 (3.44%) between high and low. For the last week, the stock has had daily average volatility of 3.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Fluor Corporation to open at $39.47, and during the day (based on 14 day Average True Range), to move between $37.99 and $40.43, which gives a possible trading interval of +/-$1.22 (+/-3.11%) up or down from last closing price. If Fluor Corporation takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.07 (2.19%) than the support at $37.02 (5.59%), 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 Fluor Corporation stock A Buy?
The Fluor Corporation stock holds several negative signals and despite the positive trend, we believe Fluor Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.330 Sell Candidate Unchanged
Predicted Opening Price for Fluor Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $39.47 ( 0.663%) | $39.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.81 | 4.08 % | |
| R2 | 40.30 | 2.78 % | ||
| R1 | 39.98 | 1.97 % | ||
| Current price: | 39.21 | |||
| Support | S1 | 38.96 | -0.642 % | |
| S2 | 38.64 | -1.45 % | ||
| S3 | 38.13 | -2.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.09 | 7.35 % | |
| R2 | 40.16 | 2.42 % | ||
| R1 | 40.07 | 2.19 % | ||
| Current price | 39.21 | |||
| Support | S1 | 37.02 | -5.59% | |
| S2 | 36.73 | -6.32% | ||
| S3 | 35.79 | -8.72% |
FLR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2020 | Feb 28, 2020 | Apr 02, 2020 | $0.100 | 1.61% |
| 2 | Oct 30, 2019 | Dec 03, 2019 | Jan 03, 2020 | $0.100 | 0.523% |
| 3 | Jul 31, 2019 | Sep 03, 2019 | Oct 02, 2019 | $0.210 | 1.18% |
| 4 | May 02, 2019 | May 31, 2019 | Jul 02, 2019 | $0.210 | 0.655% |
| 5 | Feb 07, 2019 | Mar 01, 2019 | Apr 02, 2019 | $0.210 | 0.545% |
FAQ
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