USA A1 Trading Advice (A) | 07-Aug-2024 | Expected Gain 8%-9%

 BUY   Fair Isaac (NYSE: FICO)

Fair Isaac (NYSE: FICO) STOCK RECOMMENDATION

Idea BUY
Buy Range 1620 – 1650
Target 1740 – 1760
StopLoss* below 1560
Duration 12-14 Trading Days
Potential Returns 6% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 1620 – 1650 1740 – 1760 below 1560 12-14 Trading Days 6% – 7%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Fair Isaac (NYSE: FICO) STOCK OVERVIEW

Fair Isaac Corporation is a global provider of analytic, software, and digital decisioning technologies and services. The company operates in two segments: Software and Software. The Software segment offers pre-configured solutions for various business processes, such as account origination, customer management, fraud detection, and marketing. The Scores segment provides business-to-business scoring solutions for consumers, including predictive credit and other scores. The company also offers subscription offerings on myFICO.com. The company markets its products and services through direct sales, indirect channels, and online. Founded in 1956, Fair Isaac Corporation is headquartered in Bozeman, Montana. The company was formerly known as Fair Isaac & Company, Inc. and changed its name to Fair Isaac Corporation in 1992.

Stock Data
NYSE FICO
Sectoral IndexBusiness Services
52 Weeks High1677.01
52 Weeks Low811.99

Fair Isaac (NYSE: FICO) - RELATIVE STRENGTH

FICO-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Fair Isaac —     NYSE —

Fair Isaac (NYSE: FICO) - DAILY TECHNICAL ANALYSIS

Fair Isaac (NASDAQ: FICO) - Technical Analysis (Daily)
  • The stock is on a strong upward trajectory, consistently reaching new highs and lows.
  • As it climbs, the stock price has formed a series of bullish patterns one after another.
  • First, an Inverted Head & Shoulders pattern emerged, leading to a significant price increase following the breakout.
  • Next, a bullish Pole & Flag pattern appeared, indicating the continuation of the upward trend, but after the breakout, the price entered a consolidation phase.
  • During this period, a Head & Shoulders pattern developed, reflecting some bearish sentiment.
  • However, the price didn’t correct significantly and began to rise again, ultimately formed another bullish Pole & Flag pattern.
  • The stock is repeating this pattern, and with a new breakout supported by strong volume, it seems ready for further upward movement.

Fair Isaac (NYSE: FICO) - RSI

Fair Isaac (NASDAQ: FICO) - RSI
  • Current RSI of this stock is 65.14, which indicates the strength of buyers.

Fair Isaac (NYSE: FICO) - EMA CROSS

FICO-EMA CROSS
Fair Isaac (NASDAQ: FICO) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Fair Isaac (NYSE: FICO) - ADX & DI

Fair Isaac (NASDAQ: FICO) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Fair Isaac (NYSE: FICO) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Fair Isaac stock price target will be USD 1740 – USD 1760 in the next 12-14 trading sessions.

Fair Isaac (NYSE: FICO) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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