ARMOUR Residential REIT, Inc Stock Forecast
Red day on Thursday for ARMOUR Residential REIT, Inc stock after losing 0%
(Updated on May 02, 2024)
No changes to the price of ARMOUR Residential REIT, Inc stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 2.47% from a day low at £243.00 to a day high of £249.00. The price has fallen in 4 of the last 10 days but is still up by 1.67% over the past 2 weeks.
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 £241.08 and £250.12 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.L Signals & Forecast
The ARMOUR Residential REIT, Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £244.00. On a fall, the stock will find some support from the long-term average at approximately £242.67. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Friday, April 26, 2024, and so far it has fallen -1.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, February 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 10, 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.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 10, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, February 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 10, 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.
A buy signal from a double bottom formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should go up by 2.79% to £249.79 within 19 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for ARMOUR Residential REIT, Inc stock
ARMOUR Residential REIT, Inc finds support from accumulated volume at £242.00 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 £6.00 between high and low, or 2.47%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: £232.23 (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (ARR.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect ARMOUR Residential REIT, Inc to open at £245.00, and during the day (based on 14 day Average True Range), to move between £237.42 and £248.58, which gives a possible trading interval of +/-£5.58 (+/-2.29%) 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 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £243.50 (0.21%) than the support at £242.00 (0.41%), 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?
ARMOUR Residential REIT, Inc 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.
Current score: 0.779 Hold/Accumulate Unchanged
Predicted Opening Price for ARMOUR Residential REIT, Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £245.00 ( 0.82%) | £243.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 251.00 | 3.29 % | |
| R2 | 248.71 | 2.35 % | ||
| R1 | 247.29 | 1.77 % | ||
| Current price: | 243.00 | |||
| Support | S1 | 242.71 | -0.120 % | |
| S2 | 241.29 | -0.703 % | ||
| S3 | 239.00 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 245.00 | 0.82 % | |
| R2 | 244.00 | 0.412 % | ||
| R1 | 243.50 | 0.206 % | ||
| Current price | 243.00 | |||
| Support | S1 | 242.00 | -0.412% | |
| S2 | 240.00 | -1.23% | ||
| S3 | 239.00 | -1.65% |
ARR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 20, 2024 | £3.45 | 1.42% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £2.97 | 1.41% |
| 3 | Apr 29, 2022 | Jun 09, 2022 | Jul 01, 2022 | £1.84 | 0.94% |
| 4 | Jun 02, 2021 | Jun 10, 2021 | Jul 02, 2021 | £0.550 | 0.238% |
| 5 | May 14, 2020 | May 21, 2020 | Jun 26, 2020 | £4.50 | 2.74% |
FAQ
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