FairPoint Communications Fund Forecast
FairPoint Communications fund price ended at $15.95 on Monday, after losing 0%.
(Updated on Aug 14, 2017)
No changes to the price of FairPoint Communications fund on the last trading day (Monday, 14th Aug 2017). During the last trading day the fund fluctuated 2.56% from a day low at $15.65 to a day high of $16.05. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the fund is expected to rise 14.76% during the next 3 months and, with a 90% probability hold a price between $18.27 and $19.52 at the end of this 3-month period.
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FRP Signals & Forecast
There are mixed signals in the fund today. A sell signal was issued from a pivot top point on Friday, August 11, 2017, and so far it has fallen 0%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The FairPoint Communications fund 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 $15.95 and $15.86. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for FairPoint Communications fund
On the downside, the fund finds support just below today's level from accumulated volume at $15.10 and $14.50. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, FairPoint Communications finds support just below today's level at $15.10. If this is broken, then the next support from accumulated volume will be at $14.50 and $14.00.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.400 between high and low, or 2.56%. For the last week the fund has had daily average volatility of 2.56%.
Our recommended stop-loss: $15.31 (-4.00%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FRP) For The Upcoming Trading Day Of Tuesday 15th
For the upcoming trading day on Tuesday, 15th we expect FairPoint Communications to open at $15.88, and during the day (based on 14 day Average True Range), to move between $15.56 and $16.34, which gives a possible trading interval of +/-$0.385 (+/-2.42%) up or down from last closing price. If FairPoint Communications takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.10, some $0.85 (5.33%) from the current price of $15.95, our system finds the risk reward attractive.
Is FairPoint Communications fund A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for FairPoint Communications fund to perform well in the short-term.
Current score: 1.140 Buy Candidate Unchanged
Predicted Opening Price for FairPoint Communications of Tuesday, August 15, 2017
Fair opening price August 15, 2017 | Current price |
---|---|
$15.88 ( 0.418%) | $15.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.28 | 2.09 % | |
R2 | 16.13 | 1.13 % | ||
R1 | 16.04 | 0.540 % | ||
Current price: | 15.95 | |||
Support | S1 | 15.73 | -1.38 % | |
S2 | 15.64 | -1.97 % | ||
S3 | 15.48 | -2.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 15.95 | |||
Support | S1 | 15.10 | -5.33% | |
S2 | 14.50 | -9.09% | ||
S3 | 14.00 | -12.23% |
FAQ
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