- The FIX stock price is currently trading at $175.92.
- After the Q3 result was announced the company share price surged by 15.29% in the last two trading sessions.
Comfort System USA (FIX) which is listed on the NewYork Stock Exchange (NYSE) is a company that provides building services for mechanical, electrical, and plumbing systems. The firm runs its operations through two segments: mechanical and Electrical. It has a market capitalization of 6.293 Billion USD.
A Sudden Surge In FIX Share Price
The FIX company reported its Q3 results on 26 October 2023, which beat the estimated revenue and earnings per share forecast. The company’s revenue jumped to $1.38 with a growth of 23.05% in the same period last year. The earnings per share jumped to 2.74 from 1.93 in its Q2 2023 result. The overall performance of the company showed strong growth.
This led the company stock to have a sudden surge in its price with a gain of 15.29% in just two trading sessions after the result was out.
Comfort Systems USA Inc. (FIX) Stock Analysis
The FIX share price opened with a gap-up scenario with a surge of 8.64% and closed at $175.92 and a gain of 14.55%. The company stock was trading with a volume of 747.533K.
Price Analysis of FIX Stock on a 1-Day Timeframe
While analyzing the FIX 1-day chart, shows that the price has been in an uptrend since mid-June 2022 with the support of a trendline. Recently, the price gave the breakdown of the trendline but it took immediate support from the $152.98. After taking support, the price had a sudden surge and reclaimed the trendline support. Currently, it is approaching its $117.86 resistance.
The price has recently reclaimed the both 50-day and 100-day EMA lines and is currently trading above them. This shows the bulls are back in action and are trying to get the control back of the price.
The relative strength index is above its 50 level and is currently in bullish territory. The RSI line is sloping in the upward direction which shows high buying pressure which is making it slope in the upward direction.
The overview of the FIX chart shows that the sellers were trying to get control of the price by giving the breakdown of the trendline support. However, the buyers were activated at the $152.98 level from where they again closed the price above the trendline and reclaimed it. Currently, the price is sustaining above the trendline support by forming a strong bullish candle and close to its $177.86 level which could act as a resistance.
To continue this strong bullish momentum the price must give the breakout of the $177.86 level. After which it may rise to its next resistance at $192.45. For the sellers to get control of the price, they must close the price below $152.98. Only after which the bullish sentiment could be seen shifting to bearish sentiment and the price may fall to its next two of $144.47 and $127.11 one by one.
Conclusion
The future prediction of FIX stock is bullish as it has recently, reclaimed the 50-day and 100-day EMA and the trendline support. So a strong bullish follow-up momentum is expected, after which the price may continue its long-term bullish rally.
Technical levels
Resistance Levels: $177.86 and $192.45.
Support Levels: $152.98, $144.47, and $127.11.
Disclaimer
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