Armour Residential Reit, Inc. Stock Forecast
Red day on Wednesday for Armour Residential Reit, Inc. stock after losing 0%
(Updated on Jun 26, 2024)
No changes to the price of Armour Residential Reit, Inc. stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 1.20% from a day low at $20.75 to a day high of $21.00. The price has risen in 6 of the last 10 days and is up by 1.75% over the past 2 weeks.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $21.03 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Armour Residential Reit, Inc. stock with a 90% probability to be traded between $21.02 and $21.40 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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ARR-PC Signals & Forecast
The Armour Residential Reit, Inc. 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 $20.97 and $20.79. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 24, 2024, and so far it has fallen -0.0952%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -1.80% to $20.60 within 6 trading days since signal was issued (Tuesday, July 02, 2024).
Support, Risk & Stop-loss for Armour Residential Reit, Inc. stock
Armour Residential Reit, Inc. finds support from accumulated volume at $20.94 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 $0.250 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 0.791%.
Our recommended stop-loss: $20.17 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (ARR-PC) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Armour Residential Reit, Inc. to open at $20.91, and during the day (based on 14 day Average True Range), to move between $20.78 and $21.18, which gives a possible trading interval of +/-$0.200 (+/-0.95%) up or down from last closing price. If Armour Residential Reit, Inc. takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.00 (0.10%) than the support at $20.94 (0.19%), 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 Armour Residential Reit, Inc. 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 Armour Residential Reit, Inc. stock to perform well in the short-term period.
Current score: 1.804 Buy Candidate Unchanged
Predicted Opening Price for Armour Residential Reit, Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $20.91 ( 0.334%) | $20.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARR-PC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.16 | 0.86% |
| R2 | 21.06 | 0.402% |
| R1 | 21.01 | 0.121% |
| Price | 20.98 | |
| S1 | 20.81 | -0.789% |
| S2 | 20.76 | -1.07% |
| S3 | 20.66 | -1.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 21.00 | 0.0953% |
| Price | 20.98 | |
| S1 | 20.94 | -0.191% |
| S2 | 20.90 | -0.371% |
| S3 | 20.62 | -1.72% |
ARR-PC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 27, 2024 | $0.146 | 0.695% |
| 2 | May 14, 2024 | May 14, 2024 | Jun 27, 2024 | $0.146 | 0.695% |
| 3 | Apr 12, 2024 | Apr 12, 2024 | Apr 12, 2024 | $0.146 | 0.702% |
| 4 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0.146 | 0.696% |
| 5 | Feb 14, 2024 | Feb 14, 2024 | Feb 14, 2024 | $0.146 | 0.686% |
FAQ
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