Federal Agricultural Mortgage Corp Stock Forecast
Federal Agricultural Mortgage Corp stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Federal Agricultural Mortgage Corp stock price gained 0.0593% on the last trading day (Friday, 28th Jun 2024), rising from $25.29 to $25.31. During the last trading day the stock fluctuated 0.0198% from a day low at $25.31 to a day high of $25.31. The price has risen in 5 of the last 10 days and is up by 0.3% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 470 shares were bought and sold for approximately $11.89 thousand. 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 moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Federal Agricultural Mortgage Corp stock with a 90% probability to be traded between $25.46 and $25.63 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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AGM-PC Signals & Forecast
The Federal Agricultural Mortgage Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.29 and $25.22. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -0.0198%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, April 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 29, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 29, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 29, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Monday, June 17, 2024 and based on theory for this formation the price should fall by -0.750% to $25.12 within 22 trading days since signal was issued (Friday, July 19, 2024).
Support, Risk & Stop-loss for Federal Agricultural Mortgage Corp stock
Federal Agricultural Mortgage Corp finds support from accumulated volume at $25.10 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 $0.0050 between high and low, or 0.0198%. For the last week the stock has had daily average volatility of 0.0277%
Our recommended stop-loss: $23.89 (-5.59%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 58 days ago.)
Trading Expectations (AGM-PC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Federal Agricultural Mortgage Corporation to open at $25.31, and during the day (based on 14 day Average True Range), to move between $25.27 and $25.34, which gives a possible trading interval of +/-$0.0308 (+/-0.12%) up or down from last closing price. If Federal Agricultural Mortgage Corporation takes out the full calculated possible swing range there will be an estimated 0.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.31 (0.02%) than the support at $25.10 (0.81%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Federal Agricultural Mortgage Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Federal Agricultural Mortgage Corp stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.533 Buy Candidate Upgraded
Predicted Opening Price for Federal Agricultural Mortgage Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.31 ( 0.0066%) | $25.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGM-PC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.31 | 0.0263% |
| R2 | 25.31 | 0.0188% |
| R1 | 25.31 | 0.0141% |
| Price | 25.31 | |
| S1 | 25.30 | -0.0010% |
| S2 | 25.30 | -0.0056% |
| S3 | 25.30 | -0.0132% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 25.31 | 0.0198% |
| Price | 25.31 | |
| S1 | 25.10 | -0.81% |
| S2 | 25.07 | -0.93% |
| S3 | 25.05 | -1.01% |
AGM-PC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 17, 2024 | $0 | 0% |
| 2 | Jun 14, 2024 | Jun 14, 2024 | Jul 17, 2024 | $0.375 | 1.48% |
| 3 | Mar 28, 2024 | Mar 28, 2024 | Apr 17, 2024 | $0.375 | 1.49% |
| 4 | Dec 29, 2023 | Dec 29, 2023 | Jan 17, 2024 | $0.375 | 1.51% |
| 5 | Sep 29, 2023 | Sep 29, 2023 | Oct 17, 2023 | $0.375 | 1.52% |
FAQ
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