Annaly Capital Stock Forecast
Annaly Capital stock price up 0.96% on Wednesday
(Updated on Apr 17, 2024)
The Annaly Capital stock price gained 0.96% on the last trading day (Wednesday, 17th Apr 2024), rising from $17.71 to $17.88. During the last trading day the stock fluctuated 1.35% from a day low at $17.82 to a day high of $18.06. The price has fallen in 6 of the last 10 days and is down by -7.31% for this period. Volume fell on the last day by -815 thousand shares and in total, 2 million shares were bought and sold for approximately $43.35 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide 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 $17.71 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Annaly Capital stock with a 90% probability to be traded between $17.56 and $19.91 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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NLY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.96%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Annaly Capital 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 $18.38 and $19.28. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Annaly Capital stock
Annaly Capital finds support from accumulated volume at $17.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.240 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 2.12%.
Annaly Capital is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NLY) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Annaly Capital Management Inc to open at $17.92, and during the day (based on 14 day Average True Range), to move between $17.50 and $18.26, which gives a possible trading interval of +/-$0.384 (+/-2.15%) up or down from last closing price. If Annaly Capital Management Inc takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.71 (0.95%) than the resistance at $18.58 (3.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Annaly Capital will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.640. We will update the financials statements for Annaly Capital, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.06% in the first trading day after earnings release.
Is Annaly Capital Management Inc stock A Buy?
Annaly Capital holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.455 Sell Candidate Unchanged
Predicted Opening Price for Annaly Capital Management Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $17.92 ( 0.224%) | $17.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NLY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.16 | 1.57 % | |
| R2 | 18.07 | 1.05 % | ||
| R1 | 18.01 | 0.736 % | ||
| Current price: | 17.88 | |||
| Support | S1 | 17.83 | -0.289 % | |
| S2 | 17.77 | -0.606 % | ||
| S3 | 17.68 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.48 | 8.95 % | |
| R2 | 19.44 | 8.72 % | ||
| R1 | 18.58 | 3.91 % | ||
| Current price | 17.88 | |||
| Support | S1 | 17.71 | -0.95% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.650 | 3.64% |
| 2 | Dec 07, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.650 | 3.39% |
| 3 | Sep 07, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.650 | 4.16% |
| 4 | Jun 07, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.650 | 3.24% |
| 5 | Mar 14, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.650 | 3.25% |
FAQ
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