ARMOUR Residential Stock Forecast
Evaluation of ARMOUR Residential stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The ARMOUR Residential stock price fell by -1.37% on the last day (Wednesday, 24th Apr 2024) from $18.99 to $18.73. During the last trading day the stock fluctuated 1.61% from a day low at $18.61 to a day high of $18.91. The price has risen in 6 of the last 10 days and is up by 1.19% over the past 2 weeks. 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 -47 thousand shares and in total, 1 million shares were bought and sold for approximately $21.32 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $18.98 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.49% during the next 3 months and, with a 90% probability hold a price between $16.69 and $18.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ARR Signals & Forecast
There are mixed signals in the stock today. The ARMOUR Residential 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 $18.99. On a fall, the stock will find some support from the short-term average at $18.12. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.37%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ARMOUR Residential stock
ARMOUR Residential finds support from accumulated volume at $18.72 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 $0.300 between high and low, or 1.61%. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARR) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect ARMOUR Residential REIT Inc to open at $18.75, and during the day (based on 14 day Average True Range), to move between $18.25 and $19.21, which gives a possible trading interval of +/-$0.482 (+/-2.58%) up or down from last closing price. If ARMOUR Residential REIT Inc takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.72 (0.05%) than the resistance at $18.80 (0.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ARMOUR Residential REIT Inc stock A Buy?
ARMOUR Residential 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.695 Sell Candidate Downgraded
Predicted Opening Price for ARMOUR Residential REIT Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $18.75 ( 0.107%) | $18.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.05 | 1.71 % | |
| R2 | 18.94 | 1.10 % | ||
| R1 | 18.86 | 0.719 % | ||
| Current price: | 18.73 | |||
| Support | S1 | 18.64 | -0.505 % | |
| S2 | 18.56 | -0.88 % | ||
| S3 | 18.45 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.32 | 3.15 % | |
| R2 | 19.29 | 2.99 % | ||
| R1 | 18.80 | 0.374 % | ||
| Current price | 18.73 | |||
| Support | S1 | 18.72 | -0.0534% | |
| S2 | 18.51 | -1.17% | ||
| S3 | 18.41 | -1.71% |
ARR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 29, 2024 | $0.240 | 1.28% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.240 | 1.21% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Feb 28, 2024 | $0.240 | 1.26% |
| 4 | Dec 14, 2023 | Jan 12, 2024 | Jan 30, 2024 | $0.240 | 1.23% |
| 5 | Oct 04, 2023 | Dec 14, 2023 | Dec 28, 2023 | $0.400 | 2.02% |
FAQ
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