INVESCO MORTGAGE CAPITAL INC Stock Forecast
Green day on Monday for INVESCO MORTGAGE CAPITAL INC
(Updated on Apr 22, 2024)
The INVESCO MORTGAGE CAPITAL INC stock price gained 1.45% on the last trading day (Monday, 22nd Apr 2024), rising from $8.25 to $8.37. During the last trading day the stock fluctuated 1.83% from a day low at $8.24 to a day high of $8.39. The price has been going up and down for this period, and there has been a -6.27% loss for the last 2 weeks. Volume fell on the last day by -132 thousand shares and in total, 534 thousand shares were bought and sold for approximately $4.47 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 $8.09 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect INVESCO MORTGAGE CAPITAL INC stock with a 90% probability to be traded between $8.04 and $9.60 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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IVR Signals & Forecast
There are mixed signals in the stock today. The INVESCO MORTGAGE CAPITAL INC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.01. On a fall, the stock will find some support from the short-term average at $8.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.46%. 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.
Support, Risk & Stop-loss for INVESCO MORTGAGE CAPITAL INC stock
INVESCO MORTGAGE CAPITAL INC finds support from accumulated volume at $8.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.151 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 1.84%.
INVESCO MORTGAGE CAPITAL INC is oversold on RSI14 (24). 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 (IVR) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect INVESCO MORTGAGE CAPITAL INC to open at $8.33, and during the day (based on 14 day Average True Range), to move between $8.15 and $8.59, which gives a possible trading interval of +/-$0.221 (+/-2.65%) up or down from last closing price. If INVESCO MORTGAGE CAPITAL INC takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.26 (1.31%) than the resistance at $8.53 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is INVESCO MORTGAGE CAPITAL INC stock A Buy?
INVESCO MORTGAGE CAPITAL INC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.709 Sell Candidate Unchanged
Predicted Opening Price for INVESCO MORTGAGE CAPITAL INC of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $8.33 ( 0.440%) | $8.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.48 | 1.36 % | |
| R2 | 8.43 | 0.671 % | ||
| R1 | 8.39 | 0.247 % | ||
| Current price: | 8.37 | |||
| Support | S1 | 8.28 | -1.13 % | |
| S2 | 8.24 | -1.55 % | ||
| S3 | 8.18 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.41 | 12.43 % | |
| R2 | 8.66 | 3.46 % | ||
| R1 | 8.53 | 1.91 % | ||
| Current price | 8.37 | |||
| Support | S1 | 8.26 | -1.31% | |
| S2 | 8.25 | -1.43% | ||
| S3 | 8.10 | -3.23% |
IVR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Apr 05, 2024 | Apr 26, 2024 | $0.400 | 4.78% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.400 | 4.35% |
| 3 | Sep 26, 2023 | Oct 05, 2023 | Oct 27, 2023 | $0.400 | 6.14% |
| 4 | Jun 21, 2023 | Jun 30, 2023 | Jul 27, 2023 | $0.400 | 3.35% |
| 5 | Mar 27, 2023 | Apr 06, 2023 | Apr 27, 2023 | $0.400 | 3.86% |
FAQ
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