Freddie Mac Stock Forecast
Freddie Mac stock price down 1.53% on Wednesday
(Updated on Jun 26, 2024)
The Freddie Mac stock price fell by -1.53% on the last day (Wednesday, 26th Jun 2024) from $6.55 to $6.45. During the last trading day the stock fluctuated 0.775% from a day low at $6.45 to a day high of $6.50. The price has fallen in 4 of the last 10 days and is down by -7.33% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $13.84 thousand.
The stock lies in the lower part of a 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 $6.21 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 30.21% during the next 3 months and, with a 90% probability hold a price between $8.08 and $9.79 at the end of this 3-month period.
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FMCCI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -7.86%. 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). Freddie Mac gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The Freddie Mac 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 $6.39 and $6.36. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Freddie Mac stock
Freddie Mac finds support from accumulated volume at $6.32 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 $0.0500 between high and low, or 0.775%. For the last week, the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: $6.12 (-5.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (FMCCI) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Freddie Mac to open at $6.47, and during the day (based on 14 day Average True Range), to move between $6.25 and $6.65, which gives a possible trading interval of +/-$0.203 (+/-3.14%) up or down from last closing price. If Freddie Mac takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.48 (0.47%) than the support at $6.32 (2.02%), 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 Freddie Mac stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Freddie Mac stock to perform well in the short-term.
Current score: 1.018 Buy Candidate Unchanged
Predicted Opening Price for Freddie Mac of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $6.47 ( 0.258%) | $6.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMCCI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.52 | 1.03% |
| R2 | 6.50 | 0.737% |
| R1 | 6.49 | 0.555% |
| Price | 6.45 | |
| S1 | 6.45 | -0.0377% |
| S2 | 6.44 | -0.221% |
| S3 | 6.42 | -0.517% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.82 | 5.74% |
| R2 | 6.51 | 0.93% |
| R1 | 6.48 | 0.465% |
| Price | 6.45 | |
| S1 | 6.32 | -2.02% |
| S2 | 5.71 | -11.47% |
| S3 | 5.05 | -21.71% |
FMCCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2008 | Jun 12, 2008 | Jun 30, 2008 | $0.340 | 1.20% |
| 2 | Mar 13, 2008 | Mar 13, 2008 | Mar 13, 2008 | $0.530 | 2.16% |
| 3 | Dec 13, 2007 | Dec 13, 2007 | Dec 13, 2007 | $0.580 | 1.93% |
| 4 | Sep 13, 2007 | Sep 13, 2007 | Sep 13, 2007 | $0.590 | 1.31% |
| 5 | Jun 14, 2007 | Jun 14, 2007 | Jun 14, 2007 | $0.580 | 1.27% |
FAQ
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