Angel Oak Mortgage, Inc. Stock Forecast
Green day on Wednesday for Angel Oak Mortgage, Inc.
(Updated on Apr 24, 2024)
The Angel Oak Mortgage, Inc. stock price gained 3.37% on the last trading day (Wednesday, 24th Apr 2024), rising from $10.39 to $10.74. During the last trading day the stock fluctuated 7.24% from a day low at $10.49 to a day high of $11.25. The price has risen in 6 of the last 10 days and is up by 1.7% over the past 2 weeks. Volume fell on the last day by -125 thousand shares and in total, 37 thousand shares were bought and sold for approximately $394.60 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 lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.03% during the next 3 months and, with a 90% probability hold a price between $10.72 and $12.13 at the end of this 3-month period.
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AOMR Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 3.37%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Angel Oak Mortgage, Inc. 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 $11.08 and $10.79. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not.
Support, Risk & Stop-loss for Angel Oak Mortgage, Inc. stock
Angel Oak Mortgage, Inc. finds support from accumulated volume at $10.73 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.760 between high and low, or 7.24%. For the last week the stock has had daily average volatility of 6.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AOMR) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Angel Oak Mortgage, Inc. to open at $10.83, and during the day (based on 14 day Average True Range), to move between $10.30 and $11.18, which gives a possible trading interval of +/-$0.436 (+/-4.06%) up or down from last closing price. If Angel Oak Mortgage, Inc. takes out the full calculated possible swing range there will be an estimated 8.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.73 (0.09%) than the resistance at $10.90 (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Angel Oak Mortgage, Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.180. We will update the financials statements for Angel Oak Mortgage, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.62% in the first trading day after earnings release.
Is Angel Oak Mortgage, Inc. stock A Buy?
The Angel Oak Mortgage, Inc. stock holds several negative signals and despite the positive trend, we believe Angel Oak Mortgage, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.411 Sell Candidate Unchanged
Predicted Opening Price for Angel Oak Mortgage, Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $10.83 ( 0.81%) | $10.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOMR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.59 | 7.88 % | |
| R2 | 11.30 | 5.18 % | ||
| R1 | 11.12 | 3.51 % | ||
| Current price: | 10.74 | |||
| Support | S1 | 10.54 | -1.90 % | |
| S2 | 10.36 | -3.57 % | ||
| S3 | 10.07 | -6.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.50 | 7.08 % | |
| R2 | 11.21 | 4.38 % | ||
| R1 | 10.90 | 1.49 % | ||
| Current price | 10.74 | |||
| Support | S1 | 10.73 | -0.0931% | |
| S2 | 10.53 | -1.96% | ||
| S3 | 10.39 | -3.26% |
AOMR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.320 | 3.06% |
| 2 | Nov 07, 2023 | Nov 21, 2023 | Nov 30, 2023 | $0.320 | 3.09% |
| 3 | Aug 08, 2023 | Aug 21, 2023 | Aug 31, 2023 | $0.320 | 3.43% |
| 4 | May 04, 2023 | May 19, 2023 | May 31, 2023 | $0.320 | 4.35% |
| 5 | Mar 09, 2023 | Mar 21, 2023 | Mar 31, 2023 | $0.320 | 4.38% |
FAQ
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