(FAF) Investment Analysis and Advice

December 11, 2024, 20:58 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FAF

• Buy FAF near 63.69 target 68.92 stop loss @ 63.51 Details

The technical summary data tells us to buy FAF near 63.69 with an upside target of 68.92. This data also tells us to set a stop loss @ 63.51 to protect against excessive loss in case the stock begins to move against the trade. 63.69 is the first level of support below 65.51 , and by rule, any test of support is a buy signal. In this case, support 63.69 is being tested, a buy signal would exist.

• Short FAF slightly under 68.92, target 63.69, stop loss @ 69.12 Details

The technical summary data is suggesting a short of FAF as it gets near 68.92 with a downside target of 63.69. We should have a stop loss in place at 69.12though. 68.92 is the first level of resistance above 65.51, and by rule, any test of resistance is a short signal. In this case, if resistance 68.92 is being tested, a short signal would exist.

Swing Trading Plans for FAF

• Buy FAF slightly over 65.69, target 67.82, Stop Loss @ 65.5 Details

If 65.69 begins to break higher, the technical summary data tells us to buy FAF just slightly over 65.69, with an upside target of 67.82. The data also tells us to set a stop loss @ 65.5 in case the stock turns against the trade. 65.69 is the first level of resistance above 65.51, and by rule, any break above resistance is a buy signal. In this case, 65.69, 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 65.69, target 63.69, Stop Loss @ 65.88. Details

The technical summary data is suggesting a short of FAF if it tests 65.69 with a downside target of 63.69. We should have a stop loss in place at 65.88 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, 65.69, 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 65.69, target 66.21, Stop Loss @ 65.54 Details

If 65.69 begins to break higher, the technical summary data tells us to buy FAF just slightly over 65.69, with an upside target of 66.21. The data also tells us to set a stop loss @ 65.54 in case the stock turns against the trade. 65.69 is the first level of resistance above 65.51, and by rule, any break above resistance is a buy signal. In this case, 65.69, 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 65.69, target 65, Stop Loss @ 65.84. Details

The technical summary data is suggesting a short of FAF if it tests 65.69 with a downside target of 65. We should have a stop loss in place at 65.84 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, 65.69, 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 Corporation (new) (FAF) available here: FAF.

FAF Ratings for December 11:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	58.39
P2	65	65.69	63.69
P3	66.21	67.82	68.92

AI Generated Signals for FAF

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Prudent Investment Analysis requires observations of the support and resistance levels for First American Corporation (new) (NYSE: FAF) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FAF change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FAF is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FAF too.  All of these are offered below the Summary Table.