Federal Home Loan Mortgage Corp Stock Forecast
Green day on Friday for Federal Home Loan Mortgage Corp stock after gaining 1.47%
(Updated on Apr 26, 2024)
The Federal Home Loan Mortgage Corp stock price gained 1.47% on the last trading day (Friday, 26th Apr 2024), rising from $1.36 to $1.38. During the last trading day the stock fluctuated 5.34% from a day low at $1.31 to a day high of $1.38. The price has been going up and down for this period, and there has been a -5.25% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 904 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.90 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 33.40% during the next 3 months and, with a 90% probability hold a price between $1.70 and $2.46 at the end of this 3-month period.
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FMCC Signals & Forecast
There are mixed signals in the stock today. The Federal Home Loan Mortgage Corp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.38. On a fall, the stock will find some support from the short-term average at $1.33. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -17.86%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.
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 Monday, July 10, 2023 in the long-term chart.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.
Support, Risk & Stop-loss for Federal Home Loan Mortgage Corp stock
Federal Home Loan Mortgage Corp finds support from accumulated volume at $1.35 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0700 between high and low, or 5.34%. For the last week, the stock has had daily average volatility of 4.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FMCC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Federal Home Loan Mortgage Corp to open at $1.36, and during the day (based on 14 day Average True Range), to move between $1.28 and $1.48, which gives a possible trading interval of +/-$0.0970 (+/-7.03%) up or down from last closing price. If Federal Home Loan Mortgage Corp takes out the full calculated possible swing range there will be an estimated 14.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.35 (2.17%) than the resistance at $1.47 (6.52%), 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
Federal Home Loan Mortgage Corp will release earnings -- on Wednesday, May 01, 2024. We will update the financials statements for Federal Home Loan Mortgage Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.87% in the first trading day after earnings release.
Is Federal Home Loan Mortgage Corp stock A Buy?
Federal Home Loan Mortgage Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.702 Sell Candidate Unchanged
Predicted Opening Price for Federal Home Loan Mortgage Corp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1.36 ( 1.69%) | $1.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMCC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.43 | 3.38 % | |
| R2 | 1.40 | 1.44 % | ||
| R1 | 1.38 | 0.247 % | ||
| Current price: | 1.38 | |||
| Support | S1 | 1.33 | -3.63 % | |
| S2 | 1.31 | -4.83 % | ||
| S3 | 1.29 | -6.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.67 | 21.01 % | |
| R2 | 1.56 | 13.04 % | ||
| R1 | 1.47 | 6.52 % | ||
| Current price | 1.38 | |||
| Support | S1 | 1.35 | -2.17% | |
| S2 | 1.09 | -21.01% | ||
| S3 | 1.07 | -22.46% |
FMCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2008 | Jun 12, 2008 | Jun 12, 2008 | $0.250 | 1.11% |
| 2 | Mar 13, 2008 | Mar 13, 2008 | Mar 13, 2008 | $0.250 | 1.17% |
| 3 | Dec 13, 2007 | Dec 13, 2007 | Dec 13, 2007 | $0.250 | 0.770% |
| 4 | Sep 13, 2007 | Sep 13, 2007 | Sep 13, 2007 | $0.500 | 0.86% |
| 5 | Jun 14, 2007 | Jun 14, 2007 | Jun 14, 2007 | $0.500 | 0.766% |
FAQ
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