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FirstService Corp (FSV): Price Now Near $195; Daily Chart Shows Downtrend on 20 Day Basis

Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The post FirstService Corp (FSV): Price Now Near $195; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News. ...

The Hourly View for FSV

At the time of this writing, FSV (Get Ratings)’s price is up $0.46 (0.24%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 200 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

FSV ranks 4th in terms of today’s price percentage change out of Real Estate stocks.

FSV’s Technical Outlook on the Daily Chart

At the time of this writing, FSV’s price is up $0.68 (0.35%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. FirstService Corp’s price action over the past 90 days can be seen via the chart below.

FSV

<In comparison to its 7 day average, FSV's volume of shares traded is 96.45% lower, now standing at 1372.

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FSV: Daily RSI Analysis

  • For FSV, its RSI is now at 71.4527.
  • FSV and RSI may be exhibiting divergent trends. This may be something to monitor.

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The post FirstService Corp (FSV): Price Now Near $195; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News.

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