How the price action of First American Financial ($FAF) is used to our Advantage
September 27, 2023, 00:45 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FAF
- Buy FAF slightly over 56.84 target 61.23 stop loss @ 56.68 Details
The technical summary data tells us to buy FAF near 56.84 with an upside target of 61.23. This data also tells us to set a stop loss @ 56.68 to protect against excessive loss in case the stock begins to move against the trade. 56.84 is the first level of support below 57.51 , and by rule, any test of support is a buy signal. In this case, support 56.84 would be being tested, so a buy signal would exist.
- Short FAF slightly under 61.23, target 56.84, stop loss @ 61.41 Details
The technical summary data is suggesting a short of FAF as it gets near 61.23 with a downside target of 56.84. We should have a stop loss in place at 61.41though. 61.23 is the first level of resistance above 57.51, and by rule, any test of resistance is a short signal. In this case, if resistance 61.23 is being tested, so a short signal would exist.
Swing Trading Plans for FAF
- Buy FAF slightly over 59.09, target 61.23, Stop Loss @ 58.92 Details
If 59.09 begins to break higher, the technical summary data tells us to buy FAF just slightly over 59.09, with an upside target of 61.23. The data also tells us to set a stop loss @ 58.92 in case the stock turns against the trade. 59.09 is the first level of resistance above 57.51, and by rule, any break above resistance is a buy signal. In this case, 59.09, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FAF slightly near 59.09, target 57.47, Stop Loss @ 59.26. Details
The technical summary data is suggesting a short of FAF if it tests 59.09 with a downside target of 57.47. We should have a stop loss in place at 59.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 59.09, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for FAF
- Buy FAF slightly over 57.75, target 59.09, Stop Loss @ 57.62 Details
If 57.75 begins to break higher, the technical summary data tells us to buy FAF just slightly over 57.75, with an upside target of 59.09. The data also tells us to set a stop loss @ 57.62 in case the stock turns against the trade. 57.75 is the first level of resistance above 57.51, and by rule, any break above resistance is a buy signal. In this case, 57.75, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FAF slightly near 57.75, target 57.47, Stop Loss @ 57.88. Details
The technical summary data is suggesting a short of FAF if it tests 57.75 with a downside target of 57.47. We should have a stop loss in place at 57.88 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 57.75, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for First American Financial (FAF) available here: FAF.
FAF Ratings for September 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
56.84 |
| P2 |
56.75 |
57.47 |
61.23 |
| P3 |
57.75 |
59.09 |
65.70 |
AI Generated Signals for FAF
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The First American Financial (NYSE: FAF) data table below can help you with price action, and we have more details too. Trading plans for FAF are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FAF:
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