Based on the available data and technical analysis, here's the price prediction for FNF for the next trading week:
Technical Analysis
- Current price: $56.26
- RSI(14) at 54.35 indicates neutral momentum
- MACD at 0.18 shows slightly bullish momentum
- Price is trading between SMA20 ($57.47) and SMA200 ($55.51), suggesting a consolidation phase
News Analysis
- Deutsche Bank upgraded FNF from Hold to Buy with a price target increase from $76 to $77
- Institutional investors own 81% of shares, indicating strong institutional confidence
- Q4 2024 earnings will be released after market close on February 20, 2025
Price Targets for Next Week
- Resistance levels: $59.22 (Fibonacci R1), $59.89 (Fibonacci R2)
- Support levels: $57.05 (Fibonacci S1), $56.38 (Fibonacci S2)
- Pivot point: $58.14
Trading Recommendation
BUY with the following parameters:
- Entry point: $56.30-$56.50
- Target price: $59.20 (Fibonacci R1)
- Stop loss: $55.29 (Fibonacci S3)
The stock shows bullish momentum based on:
- Recent analyst upgrade
- Strong institutional ownership
- Technical indicators showing positive momentum
- Price consolidating above SMA200
The upcoming earnings release on February 20 could act as a catalyst for upward movement, though traders should be mindful of potential volatility around this event.
Based on the available data and technical analysis, here's the price prediction for FNF for the next trading week:
Technical Analysis
- Current price: $56.26
- RSI(14) at 54.35 indicates neutral momentum
- MACD at 0.18 shows slightly bullish momentum
- Price is trading between SMA20 ($57.47) and SMA200 ($55.51), suggesting a consolidation phase
News Analysis
- Deutsche Bank upgraded FNF from Hold to Buy with a price target increase from $76 to $77
- Institutional investors own 81% of shares, indicating strong institutional confidence
- Q4 2024 earnings will be released after market close on February 20, 2025
Price Targets for Next Week
- Resistance levels: $59.22 (Fibonacci R1), $59.89 (Fibonacci R2)
- Support levels: $57.05 (Fibonacci S1), $56.38 (Fibonacci S2)
- Pivot point: $58.14
Trading Recommendation
BUY with the following parameters:
- Entry point: $56.30-$56.50
- Target price: $59.20 (Fibonacci R1)
- Stop loss: $55.29 (Fibonacci S3)
The stock shows bullish momentum based on:
- Recent analyst upgrade
- Strong institutional ownership
- Technical indicators showing positive momentum
- Price consolidating above SMA200
The upcoming earnings release on February 20 could act as a catalyst for upward movement, though traders should be mindful of potential volatility around this event.