First Potomac Realty Trust Stock Forecast
First Potomac Realty Trust stock upgraded to Buy Candidate.
(Updated on Apr 19, 2024)
The First Potomac Realty Trust stock price gained 1.98% on the last trading day (Friday, 19th Apr 2024), rising from £19.22 to £19.60. During the last trading day the stock fluctuated 4.17% from a day low at £19.20 to a day high of £20.00. The price has risen in 5 of the last 10 days and is up by 3.98% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 40 thousand shares were bought and sold for approximately £785.45 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Potomac Realty Trust stock with a 90% probability to be traded between £18.68 and £20.74 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FPO.L Signals & Forecast
Mostly positive signals in the chart today. The First Potomac Realty Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £19.54 and £19.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 4.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). First Potomac Realty Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
A sell signal from a double top formation was found on Wednesday, February 21, 2024 and based on theory for this formation the price should fall by -5.16% to £18.59 within 17 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for First Potomac Realty Trust stock
First Potomac Realty Trust finds support from accumulated volume at £19.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £0.80 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: £18.75 (-4.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (FPO.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect First Potomac Realty Trust to open at £19.60, and during the day (based on 14 day Average True Range), to move between £19.20 and £20.00, which gives a possible trading interval of +/-£0.398 (+/-2.03%) up or down from last closing price. If First Potomac Realty Trust takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £19.70 (0.51%) than the support at £19.50 (0.51%), 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 First Potomac Realty Trust stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Potomac Realty Trust stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.911 Buy Candidate Upgraded
Predicted Opening Price for First Potomac Realty Trust of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £19.60 ( 0%) | £19.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPO.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.40 | 4.08 % | |
| R2 | 20.09 | 2.52 % | ||
| R1 | 19.91 | 1.56 % | ||
| Current price: | 19.60 | |||
| Support | S1 | 19.29 | -1.56 % | |
| S2 | 19.11 | -2.52 % | ||
| S3 | 18.80 | -4.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.00 | 2.04 % | |
| R2 | 19.80 | 1.02 % | ||
| R1 | 19.70 | 0.510 % | ||
| Current price | 19.60 | |||
| Support | S1 | 19.50 | -0.510% | |
| S2 | 18.90 | -3.57% | ||
| S3 | 18.50 | -5.61% |
FPO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 09, 2023 | Mar 16, 2023 | Apr 05, 2023 | £0.250 | 1.05% |
| 2 | Nov 29, 2022 | Dec 08, 2022 | Dec 30, 2022 | £0.250 | 1.05% |
| 3 | Jun 23, 2022 | Aug 25, 2022 | Sep 29, 2022 | £0.250 | 0.94% |
| 4 | Nov 24, 2021 | Dec 02, 2021 | Jan 07, 2022 | £0.250 | 0.758% |
| 5 | Nov 26, 2020 | Dec 03, 2020 | Jan 08, 2021 | £0.450 | 1.20% |
FAQ
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