Firm Capital Mortgage Investment Corp Stock Forecast
Firm Capital Mortgage Investment Corp stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
No changes to the price of Firm Capital Mortgage Investment Corp stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $10.62 to a day high of $10.62. The price has fallen in 4 of the last 10 days and is down by -1.85% for this period.
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 -7.14% during the next 3 months and, with a 90% probability hold a price between $9.44 and $10.05 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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FC.TO Signals & Forecast
There are mixed signals in the stock today. The Firm Capital Mortgage Investment Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.67 and $10.73. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.189%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Firm Capital Mortgage Investment Corp stock
Firm Capital Mortgage Investment Corp finds support from accumulated volume at $10.55 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.18%
Our recommended stop-loss: $9.98 (-6.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (FC.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Firm Capital Mortgage Investment Corporation to open at $10.62, and during the day (based on 14 day Average True Range), to move between $10.47 and $10.77, which gives a possible trading interval of +/-$0.152 (+/-1.43%) up or down from last closing price. If Firm Capital Mortgage Investment Corporation takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.68 (0.56%) than the support at $10.55 (0.66%), 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 Firm Capital Mortgage Investment Corporation stock A Buy?
Firm Capital Mortgage Investment Corp 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Firm Capital Mortgage Investment Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $10.62 ( 0%) | $10.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FC.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.62 | - |
| R2 | 10.62 | - |
| R1 | 10.62 | - |
| Price | 10.62 | |
| S1 | 10.62 | - |
| S2 | 10.62 | - |
| S3 | 10.62 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.84 | 2.07% |
| R2 | 10.74 | 1.13% |
| R1 | 10.68 | 0.565% |
| Price | 10.62 | |
| S1 | 10.55 | -0.659% |
| S2 | 10.42 | -1.88% |
| S3 | 10.40 | -2.07% |
FC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0780 | 0.716% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.0780 | 0.736% |
| 3 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0780 | 0.714% |
| 4 | Mar 27, 2024 | Mar 27, 2024 | Apr 17, 2024 | $0.0780 | 0.701% |
| 5 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0780 | 0.693% |
FAQ
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