Technical Analysis: FSK is currently showing strong bullish momentum with RSI-14 at 73.07, indicating overbought conditions. The stock is trading above all major moving averages (5,10,20,60,200,250 SMAs), suggesting a robust uptrend. The current price of $23.75 is testing the upper Bollinger Band ($24.14), with a high Bollinger Band %B of 0.82.
Price Levels Analysis:
Recent News Impact: Recent news shows FSK completed a $100 million issuance of 6.125% unsecured notes due 2030, expanding the total to $700 million. This debt issuance strengthens the company's financial flexibility and demonstrates market confidence.
Analyst Sentiment: According to recent analyst coverage, FSK has received mixed ratings with an average price target of $21.33, ranging from $21.00 to $22.00. This suggests the stock is currently trading above analyst expectations.
Next Week Price Prediction: Based on technical indicators and current market conditions:
Trading Recommendation: SELL. The stock is showing overbought conditions with RSI above 70, and current price is above analyst targets. Suggest taking profits at current levels ($23.75) and waiting for a pullback to $22.62-$22.31 range for new entry opportunities.
The price of FSK is predicted to go up 27.58%, based on the high correlation periods with VHI. The similarity of these two price pattern on the periods is 98.73%.
FSK
VHI
Year
FSK Price Forecast($)
Potential Return(%)
2025
23.500
10.640
2026
25.500
9.020
2027
28.000
19.710
2028
28.500
21.850
2029
30.000
28.260
2030
30.000
28.260
RBC Capital
2024-11-18
Price Target
$20 → $21
Downside
-1.13%