When the Price of First American Financial $FAF Talks, People Listen

June 02, 2023, 20:15 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FAF

• Buy FAF slightly over 55.86 target 61.12 stop loss @ 55.7 Details

The technical summary data tells us to buy FAF near 55.86 with an upside target of 61.12. This data also tells us to set a stop loss @ 55.7 to protect against excessive loss in case the stock begins to move against the trade. 55.86 is the first level of support below 56.86 , and by rule, any test of support is a buy signal. In this case, support 55.86 is being tested, a buy signal would exist.

• Short FAF slightly under 61.12, target 55.86, stop loss @ 61.3 Details

The technical summary data is suggesting a short of FAF as it gets near 61.12 with a downside target of 55.86. We should have a stop loss in place at 61.3though. 61.12 is the first level of resistance above 56.86, and by rule, any test of resistance is a short signal. In this case, if resistance 61.12 is being tested, a short signal would exist.

Swing Trading Plans for FAF

• Buy FAF slightly over 61.12, target n/a, Stop Loss @ 60.94 Details

If 61.12 begins to break higher, the technical summary data tells us to buy FAF just slightly over 61.12, with an upside target of n/a. The data also tells us to set a stop loss @ 60.94 in case the stock turns against the trade. 61.12 is the first level of resistance above 56.86, and by rule, any break above resistance is a buy signal. In this case, 61.12, 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 61.12, target 56.10, Stop Loss @ 61.3. Details

The technical summary data is suggesting a short of FAF if it tests 61.12 with a downside target of 56.10. We should have a stop loss in place at 61.3 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, 61.12, 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 56.90, target 61.12, Stop Loss @ 56.77 Details

If 56.90 begins to break higher, the technical summary data tells us to buy FAF just slightly over 56.90, with an upside target of 61.12. The data also tells us to set a stop loss @ 56.77 in case the stock turns against the trade. 56.90 is the first level of resistance above 56.86, and by rule, any break above resistance is a buy signal. In this case, 56.90, 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 56.90, target 56.10, Stop Loss @ 57.03. Details

The technical summary data is suggesting a short of FAF if it tests 56.90 with a downside target of 56.10. We should have a stop loss in place at 57.03 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, 56.90, 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 June 02:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	50.37
P2	55.98	54.41	55.86
P3	56.90	56.10	61.12

AI Generated Signals for FAF

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of First American Financial (NYSE: FAF) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for FAF can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.