MFA Financial Inc Stock Forecast
MFA Financial Inc stock price ended at $18.14 on Monday, after losing 0.603%.
(Updated on Apr 20, 2020)
The MFA Financial Inc stock price fell by -0.603% on the last day (Monday, 20th Apr 2020) from $18.25 to $18.14. During the last trading day the stock fluctuated 4.22% from a day low at $17.99 to a day high of $18.75. The price has fallen in 7 of the last 10 days and is down by -31% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -22 thousand shares and in total, 30 thousand shares were bought and sold for approximately $535.77 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $18.11 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect MFA Financial Inc stock with a 90% probability to be traded between $18.25 and $18.43 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MFO Signals & Forecast
There are few to no technical positive signals at the moment. The MFA Financial Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.38 and $24.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for MFA Financial Inc stock
MFA Financial Inc finds support from accumulated volume at $18.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.760 between high and low, or 4.22%. For the last week the stock has had daily average volatility of 7.18%
Our recommended stop-loss: $0.91 (-5.00%) (Unable to calculate.)
Trading Expectations (MFO) For The Upcoming Trading Day Of Tuesday 21st
Since the stock is closer to the support from accumulated volume at $18.10 (0.24%) than the resistance at $18.25 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MFA Financial Inc stock A Buy?
MFA Financial Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for MFA Financial Inc of Tuesday, April 21, 2020
Fair opening price April 21, 2020 | Current price |
---|---|
$18.29 ( 0.85%) | $18.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.05 | 5.03 % | |
R2 | 18.76 | 3.43 % | ||
R1 | 18.58 | 2.45 % | ||
Current price: | 18.14 | |||
Support | S1 | 18.00 | -0.755 % | |
S2 | 17.82 | -1.74 % | ||
S3 | 17.53 | -3.34 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 18.25 | 0.606 % | ||
Current price | 18.14 | |||
Support | S1 | 18.10 | -0.240% | |
S2 | 18.04 | -0.551% | ||
S3 | 0 | . |
FAQ
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