Armour Residential Reit, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Armour Residential Reit, Inc. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Armour Residential Reit, Inc. stock price fell by -0.788% on the last day (Friday, 28th Jun 2024) from $20.94 to $20.77. During the last trading day the stock fluctuated 0.626% from a day low at $20.77 to a day high of $20.90. The price has fallen in 5 of the last 10 days and is down by -0.63% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 thousand shares and in total, 6 thousand shares were bought and sold for approximately $128.69 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Armour Residential Reit, Inc. stock with a 90% probability to be traded between $21.00 and $21.39 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
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 Armour Residential Reit, 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 $20.94 and $20.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Armour Residential Reit, Inc. stock
Armour Residential Reit, Inc. finds support from accumulated volume at $20.75 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 $0.130 between high and low, or 0.626%. For the last week the stock has had daily average volatility of 0.735%
Our recommended stop-loss: $19.88 (-4.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (ARR-PC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Armour Residential Reit, Inc. to open at $20.81, and during the day (based on 14 day Average True Range), to move between $20.58 and $20.96, which gives a possible trading interval of +/-$0.194 (+/-0.93%) 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 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.75 (0.10%) than the resistance at $20.94 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Armour Residential Reit, Inc. stock A Buy?
Armour Residential Reit, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.662 Hold/Accumulate Downgraded
Predicted Opening Price for Armour Residential Reit, Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$20.81 ( 0.209%) | $20.77 |
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 | 20.94 | 0.83% |
R2 | 20.89 | 0.595% |
R1 | 20.86 | 0.448% |
Price | 20.77 | |
S1 | 20.76 | -0.0305% |
S2 | 20.73 | -0.178% |
S3 | 20.68 | -0.417% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.00 | 1.11% |
R2 | 20.98 | 1.01% |
R1 | 20.94 | 0.82% |
Price | 20.77 | |
S1 | 20.75 | -0.0963% |
S2 | 20.65 | -0.578% |
S3 | 20.62 | -0.722% |
ARR-PC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 27, 2024 | $0.146 | 0.697% |
2 | May 14, 2024 | May 14, 2024 | Jun 27, 2024 | $0.146 | 0.697% |
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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