Fidelity National Financial Inc Stock Forecast

Fidelity National Financial Inc stock price down 0.91% on Monday
(Updated on Apr 15, 2024)

FNF Signals & Forecast

There are few to no technical positive signals at the moment. The Fidelity National Financial Inc 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 $50.25 and $50.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.28%. 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.

Support, Risk & Stop-loss for Fidelity National Financial Inc 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.

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 $1.38 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 3.30%.

Our recommended stop-loss: $45.29 (-5.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

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

For the upcoming trading day on Tuesday, 16th we expect Fidelity National Financial Inc to open at $48.38, and during the day (based on 14 day Average True Range), to move between $46.82 and $49.52, which gives a possible trading interval of +/-$1.35 (+/-2.79%) up or down from last closing price. If Fidelity National Financial Inc takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $48.28, some $0.110 (0.23%) from the current price of $48.17, our system finds the risk reward not very attractive.

Is Fidelity National Financial Inc stock A Buy?

Fidelity National Financial Inc 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: -0.886 Hold/Accumulate Unchanged

Predicted Opening Price for Fidelity National Financial Inc of Tuesday, April 16, 2024

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