Fortress Transportation and Stock Forecast
Fortress Transportation and stock price ended at $70.21 on Tuesday, after losing 3.28%.
(Updated on Apr 30, 2024)
The Fortress Transportation and stock price fell by -3.28% on the last day (Tuesday, 30th Apr 2024) from $72.59 to $70.21. During the last trading day the stock fluctuated 3.39% from a day low at $70.13 to a day high of $72.51. The price has been going up and down for this period, and there has been a -2.11% loss for the last 2 weeks. 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 -65 thousand shares and in total, 984 thousand shares were bought and sold for approximately $69.09 million.
The stock 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 $69.10 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 stock is expected to rise 43.99% during the next 3 months and, with a 90% probability hold a price between $99.50 and $107.89 at the end of this 3-month period.
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FTAI Signals & Forecast
The Fortress Transportation and stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $71.98. On a fall, the stock will find some support from the long-term average at approximately $67.70. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -4.41%. 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 Fortress Transportation and stock
Fortress Transportation and finds support from accumulated volume at $70.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.38 (3.39%) between high and low. For the last week, the stock has had daily average volatility of 5.15%.
Our recommended stop-loss: $66.40 (-5.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (FTAI) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Fortress Transportation and Infrastructure Investors LLC to open at $70.95, and during the day (based on 14 day Average True Range), to move between $67.31 and $73.11, which gives a possible trading interval of +/-$2.90 (+/-4.13%) up or down from last closing price. If Fortress Transportation and Infrastructure Investors LLC takes out the full calculated possible swing range there will be an estimated 8.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $70.04 (0.24%) than the resistance at $70.75 (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fortress Transportation and Infrastructure Investors LLC 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 Fortress Transportation and stock to perform well in the short-term.
Current score: 1.530 Buy Candidate Unchanged
Predicted Opening Price for Fortress Transportation and Infrastructure Investors LLC of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $70.95 ( 1.05%) | $70.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.33 | 4.44 % | |
| R2 | 72.42 | 3.15 % | ||
| R1 | 71.86 | 2.35 % | ||
| Current price: | 70.21 | |||
| Support | S1 | 70.04 | -0.241 % | |
| S2 | 69.48 | -1.04 % | ||
| S3 | 68.57 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.25 | 4.33 % | |
| R2 | 71.72 | 2.15 % | ||
| R1 | 70.75 | 0.769 % | ||
| Current price | 70.21 | |||
| Support | S1 | 70.04 | -0.242% | |
| S2 | 60.04 | -14.49% | ||
| S3 | 57.90 | -17.53% |
FTAI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 09, 2024 | May 21, 2024 | $0.300 | 0.427% |
| 2 | Feb 22, 2024 | Mar 07, 2024 | Mar 20, 2024 | $0.300 | 0.474% |
| 3 | Oct 25, 2023 | Nov 13, 2023 | Nov 28, 2023 | $0.300 | 0.729% |
| 4 | Aug 06, 2023 | Aug 11, 2023 | Aug 29, 2023 | $0.300 | 0.83% |
| 5 | Aug 07, 2023 | May 11, 2023 | May 23, 2023 | $0.300 | 1.04% |
FAQ
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