Federal National Mortgage Association Stock Forecast
Federal National Mortgage Association stock price up 1.86% on Monday
(Updated on May 06, 2024)
The Federal National Mortgage Association stock price gained 1.86% on the last trading day (Monday, 6th May 2024), rising from $4.30 to $4.38. During the last trading day the stock fluctuated 2.34% from a day low at $4.28 to a day high of $4.38. The price has fallen in 4 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 125 thousand more shares were traded than the day before. In total, 230 thousand shares were bought and sold for approximately $1.01 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.22% during the next 3 months and, with a 90% probability hold a price between $4.63 and $5.52 at the end of this 3-month period.
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FNMAS Signals & Forecast
The Federal National Mortgage Association 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 $4.33 and $4.23. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Federal National Mortgage Association has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, May 01, 2024, and so far it has fallen -0.680%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Federal National Mortgage Association stock
Federal National Mortgage Association finds support from accumulated volume at $4.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.1000 (2.34%) between high and low. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: $4.21 (-3.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (FNMAS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Federal National Mortgage Association to open at $4.35, and during the day (based on 14 day Average True Range), to move between $4.24 and $4.52, which gives a possible trading interval of +/-$0.136 (+/-3.11%) up or down from last closing price. If Federal National Mortgage Association takes out the full calculated possible swing range there will be an estimated 6.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.39 (0.23%) than the support at $4.32 (1.37%), 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 Federal National Mortgage Association 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 Federal National Mortgage Association stock to perform well in the short-term.
Current score: 3.408 Buy Candidate Unchanged
Predicted Opening Price for Federal National Mortgage Association of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $4.35 ( 0.761%) | $4.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNMAS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.45 | 1.52 % | |
| R2 | 4.41 | 0.650 % | ||
| R1 | 4.38 | 0.111 % | ||
| Current price: | 4.38 | |||
| Support | S1 | 4.31 | -1.63 % | |
| S2 | 4.28 | -2.17 % | ||
| S3 | 4.25 | -3.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.51 | 2.97 % | |
| R2 | 4.45 | 1.60 % | ||
| R1 | 4.39 | 0.228 % | ||
| Current price | 4.38 | |||
| Support | S1 | 4.32 | -1.37% | |
| S2 | 4.27 | -2.51% | ||
| S3 | 4.05 | -7.53% |
FNMAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 11, 2008 | Sep 11, 2008 | Sep 30, 2008 | $0.516 | 23.65% |
| 2 | Jun 12, 2008 | Jun 12, 2008 | Jun 12, 2008 | $0.516 | 2.18% |
| 3 | Mar 13, 2008 | Mar 13, 2008 | Mar 13, 2008 | $0.630 | 2.71% |
FAQ
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