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US Technical Analysis Report

One NYSE– Listed Financial Stock Poised for Upside as Russell 3000 Edged Lower– FOA

Sep 06, 2024

FOA:NYSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (US$)

Company Overview:  Finance of America Companies Inc. (NYSE: FOA) offers retirement solutions platform that provides customers with access to a range of retirement offerings centered on the home. This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendation on stock.

US Markets Round-Up

This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started the week on a negative note and continued the momentum. The index made low of 3119.69 during the week and settled at 3131.91 with a week-to-date (WTD) loss of ~2.69 percent on Sep 5, 2024. Other major indices, such as S&P 500 and NASDAQ Composite displayed downside move for the week. On Sep 5, 2024, the S&P 500 index settled at 5503.42 with a WTD loss of ~2.57 percent, while the NASDAQ Composite Index settled at 17127.66 with a WTD loss of ~3.31 percent.  

Having understood the US market performance over the week, taking cues from major global news, and based on technical analysis of the Russell 3000 index for the upcoming week, now let’s have a look at the one US-listed stock to pick from the technical standpoint. Noted below recommendation is based on the entry price, target prices, and stop-loss for Finance of America Companies Inc. (NYSE: FOA) for the next 2-4 weeks duration: 

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