American Capital Agency Stock Forecast
American Capital Agency stock price down 1.86% on Tuesday
(Updated on Apr 16, 2024)
The American Capital Agency stock price fell by -1.86% on the last day (Tuesday, 16th Apr 2024) from $9.13 to $8.96. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.41% from a day low at $8.92 to a day high of $9.14. The price has fallen in 6 of the last 10 days and is down by -7.63% for this period. Volume has increased on the last day by 440 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 14 million shares were bought and sold for approximately $124.07 million.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $9.18 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
AGNC Signals & Forecast
There are few to no technical positive signals at the moment. The American Capital Agency 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 $9.37 and $9.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.49%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Thursday, March 28, 2024 with a target of $9.41. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for American Capital Agency stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.215 (2.41%) between high and low. For the last week, the stock has had daily average volatility of 2.70%.
American Capital Agency 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 (AGNC) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect American Capital Agency Corp. to open at $9.01, and during the day (based on 14 day Average True Range), to move between $8.78 and $9.14, which gives a possible trading interval of +/-$0.179 (+/-2.00%) up or down from last closing price. If American Capital Agency Corp. takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $9.39, some $0.430 (4.80%) from the current price of $8.96, our system finds the risk reward not very attractive.
Earnings coming up
American Capital Agency will release earnings AMC on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.560. We will update the financials statements for American Capital Agency, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.09% in the first trading day after earnings release.
Is American Capital Agency Corp. stock A Buy?
American Capital Agency holds several negative signals and is within a 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: -2.664 Sell Candidate Unchanged
Predicted Opening Price for American Capital Agency Corp. of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| $9.01 ( 0.502%) | $8.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGNC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.22 | 2.90 % | |
| R2 | 9.14 | 1.99 % | ||
| R1 | 9.09 | 1.42 % | ||
| Current price: | 8.96 | |||
| Support | S1 | 8.92 | -0.414 % | |
| S2 | 8.87 | -0.98 % | ||
| S3 | 8.79 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.70 | 8.26 % | |
| R2 | 9.48 | 5.80 % | ||
| R1 | 9.39 | 4.80 % | ||
| Current price | 8.96 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AGNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 09, 2024 | $0.120 | 1.34% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 09, 2024 | $0.120 | 1.23% |
| 3 | Feb 08, 2024 | Feb 28, 2024 | Mar 11, 2024 | $0.120 | 1.22% |
| 4 | Jan 10, 2024 | Jan 30, 2024 | Feb 09, 2024 | $0.120 | 1.27% |
| 5 | Dec 13, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.120 | 1.21% |
FAQ
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