Federal Agricultural Mortgage Corp Stock Forecast
Federal Agricultural Mortgage Corp stock downgraded to Sell Candidate
(Updated on Jun 17, 2024)
The Federal Agricultural Mortgage Corp stock price fell by -1.96% on the last day (Monday, 17th Jun 2024) from $19.94 to $19.55. During the last trading day the stock fluctuated 0.717% from a day low at $19.53 to a day high of $19.67. The price has risen in 6 of the last 10 days but is still down by -2.2% for this period. Volume has increased on the last day by 7 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, 8 thousand shares were bought and sold for approximately $160.82 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.83% during the next 3 months and, with a 90% probability hold a price between $17.71 and $18.90 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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AGM-PG Signals & Forecast
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. 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 $19.68 and $19.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -2.25%. Further fall is indicated until a new bottom pivot has been found. Federal Agricultural Mortgage Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should fall by -1.51% to $19.26 within 31 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Federal Agricultural Mortgage Corp stock
Federal Agricultural Mortgage Corp finds support from accumulated volume at $19.43 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.140 between high and low, or 0.717%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGM-PG) 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 $19.58, and during the day (based on 14 day Average True Range), to move between $19.24 and $19.86, which gives a possible trading interval of +/-$0.313 (+/-1.60%) 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 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.43 (0.61%) than the resistance at $19.99 (2.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Federal Agricultural Mortgage Corporation stock A Buy?
Federal Agricultural Mortgage Corp 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. 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: -3.376 Sell Candidate Downgraded
Predicted Opening Price for Federal Agricultural Mortgage Corporation of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $19.58 ( 0.171%) | $19.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGM-PG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.72 | 0.89% |
| R2 | 19.67 | 0.613% |
| R1 | 19.64 | 0.444% |
| Price | 19.55 | |
| S1 | 19.53 | -0.103% |
| S2 | 19.50 | -0.272% |
| S3 | 19.44 | -0.546% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.71 | 5.93% |
| R2 | 20.47 | 4.71% |
| R1 | 19.99 | 2.25% |
| Price | 19.55 | |
| S1 | 19.43 | -0.614% |
| S2 | 19.31 | -1.23% |
| S3 | 19.30 | -1.28% |
AGM-PG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 17, 2024 | $0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | $0.305 | 1.50% |
| 3 | Dec 29, 2023 | Dec 29, 2023 | Jan 17, 2024 | $0.305 | 1.57% |
| 4 | Sep 29, 2023 | Sep 29, 2023 | Oct 17, 2023 | $0.305 | 1.67% |
| 5 | Jun 30, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.305 | 1.52% |
FAQ
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