How the price action of First American Financial ($FAF) is used to our Advantage
November 04, 2023, 04:00 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FAF
- Buy FAF slightly over 53.99 target 58.61 stop loss @ 53.83 Details
The technical summary data tells us to buy FAF near 53.99 with an upside target of 58.61. This data also tells us to set a stop loss @ 53.83 to protect against excessive loss in case the stock begins to move against the trade. 53.99 is the first level of support below 55.6 , and by rule, any test of support is a buy signal. In this case, support 53.99 would be being tested, so a buy signal would exist.
- Short FAF slightly under 58.61, target 53.99, stop loss @ 58.78 Details
The technical summary data is suggesting a short of FAF as it gets near 58.61 with a downside target of 53.99. We should have a stop loss in place at 58.78though. 58.61 is the first level of resistance above 55.6, and by rule, any test of resistance is a short signal. In this case, if resistance 58.61 is being tested, so a short signal would exist.
Swing Trading Plans for FAF
- Buy FAF slightly over 58.61, target 63.33, Stop Loss @ 58.44 Details
If 58.61 begins to break higher, the technical summary data tells us to buy FAF just slightly over 58.61, with an upside target of 63.33. The data also tells us to set a stop loss @ 58.44 in case the stock turns against the trade. 58.61 is the first level of resistance above 55.6, and by rule, any break above resistance is a buy signal. In this case, 58.61, 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 58.61, target 53.99, Stop Loss @ 58.78. Details
The technical summary data is suggesting a short of FAF if it tests 58.61 with a downside target of 53.99. We should have a stop loss in place at 58.78 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, 58.61, 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 58.61, target 63.33, Stop Loss @ 58.47 Details
If 58.61 begins to break higher, the technical summary data tells us to buy FAF just slightly over 58.61, with an upside target of 63.33. The data also tells us to set a stop loss @ 58.47 in case the stock turns against the trade. 58.61 is the first level of resistance above 55.6, and by rule, any break above resistance is a buy signal. In this case, 58.61, 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 58.61, target 53.99, Stop Loss @ 58.75. Details
The technical summary data is suggesting a short of FAF if it tests 58.61 with a downside target of 53.99. We should have a stop loss in place at 58.75 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, 58.61, 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 November 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
53.99 |
| P2 |
52.60 |
50.15 |
58.61 |
| P3 |
53.82 |
52.73 |
63.33 |
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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