Federal Agricultural Mortgage Corp Stock Forecast

Federal Agricultural Mortgage Corp stock price ended at $23.48 on Friday, after losing 0%.
(Updated on Jun 28, 2024)

AGM-PE Signals & Forecast

The Federal Agricultural Mortgage Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $23.56. On a fall, the stock will find some support from the long-term average at approximately $23.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, June 20, 2024, and so far it has fallen -0.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Federal Agricultural Mortgage Corp stock

Federal Agricultural Mortgage Corp finds support from accumulated volume at $22.88 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 $0.114 between high and low, or 0.487%. For the last week the stock has had daily average volatility of 0.255%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AGM-PE) 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 $23.51, and during the day (based on 14 day Average True Range), to move between $23.26 and $23.70, which gives a possible trading interval of +/-$0.220 (+/-0.94%) 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 1.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.53 (0.23%) than the support at $22.88 (2.54%), 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?

Federal Agricultural Mortgage Corp 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: -1.222 Sell Candidate Unchanged

Predicted Opening Price for Federal Agricultural Mortgage Corporation of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.