Federal Signal Corporation Stock Forecast
Federal Signal Corporation stock price down 0.513% on Wednesday
(Updated on Apr 24, 2024)
The Federal Signal Corporation stock price fell by -0.513% on the last day (Wednesday, 24th Apr 2024) from $83.76 to $83.33. During the last trading day the stock fluctuated 2.92% from a day low at $82.40 to a day high of $84.81. The price has fallen in 7 of the last 10 days and is down by -0.77% 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 -42 thousand shares and in total, 204 thousand shares were bought and sold for approximately $16.96 million.
The stock lies in the middle of a 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 7.90% during the next 3 months and, with a 90% probability hold a price between $87.11 and $95.40 at the end of this 3-month period.
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FSS Signals & Forecast
The Federal Signal Corporation 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 $82.47 and $82.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.08%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Federal Signal Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $78.69 and $78.25. 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, Federal Signal Corporation finds support just below today's level at $78.69. If this is broken, then the next support from accumulated volume will be at $78.25 and $76.93.
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 $2.41 between high and low, or 2.92%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: $79.07 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (FSS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Federal Signal Corporation to open at $83.51, and during the day (based on 14 day Average True Range), to move between $81.37 and $85.29, which gives a possible trading interval of +/-$1.96 (+/-2.35%) up or down from last closing price. If Federal Signal Corporation takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $83.98 (0.78%) than the support at $78.69 (5.57%), 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.
Earnings coming up
Federal Signal Corporation will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.550. We will update the financials statements for Federal Signal Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.53% in the first trading day after earnings release.
Is Federal Signal Corporation stock 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 Federal Signal Corporation stock to perform well in the short-term.
Current score: 4.644 Buy Candidate Unchanged
Predicted Opening Price for Federal Signal Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $83.51 ( 0.220%) | $83.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.92 | 3.11 % | |
| R2 | 85.00 | 2.01 % | ||
| R1 | 84.43 | 1.32 % | ||
| Current price: | 83.33 | |||
| Support | S1 | 82.59 | -0.88 % | |
| S2 | 82.02 | -1.57 % | ||
| S3 | 81.10 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.39 | 2.47 % | |
| R2 | 84.24 | 1.09 % | ||
| R1 | 83.98 | 0.780 % | ||
| Current price | 83.33 | |||
| Support | S1 | 78.69 | -5.57% | |
| S2 | 78.25 | -6.10% | ||
| S3 | 76.93 | -7.68% |
FSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 16, 2024 | May 31, 2024 | $0.120 | 0.144% |
| 2 | Feb 20, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.120 | 0.141% |
| 3 | Oct 24, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.100 | 0.143% |
| 4 | Jul 25, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.100 | 0.166% |
| 5 | Apr 25, 2023 | May 18, 2023 | Jun 02, 2023 | $0.100 | 0.172% |
FAQ
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