Federal Agricultural Mortgage Corp Stock Forecast

Stronger technical forecast for Federal Agricultural Mortgage Corp stock price after Monday trading.
(Updated on Jun 17, 2024)

AGM-PF Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.0070%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Federal Agricultural Mortgage Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Federal Agricultural Mortgage Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.40 and $21.40. A break-up above any of these levels will issue buy signals. The stock had a Golden Star Signal on Monday, May 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, July 17, 2023.

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.

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

Federal Agricultural Mortgage Corp finds support from accumulated volume at $21.06 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 $0.165 between high and low, or 0.772%. For the last week, the stock has had daily average volatility of 1.11%.

Our recommended stop-loss: $20.06 (-5.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (AGM-PF) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Federal Agricultural Mortgage Corporation to open at $21.37, and during the day (based on 14 day Average True Range), to move between $20.93 and $21.72, which gives a possible trading interval of +/-$0.396 (+/-1.86%) 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 3.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.40 (0.34%) than the support at $21.06 (1.26%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.262 Hold/Accumulate Upgraded

Predicted Opening Price for Federal Agricultural Mortgage Corporation of Tuesday, June 18, 2024

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