Invesco Mortgage Capital Inc. Stock Forecast
Evaluation of Invesco Mortgage Capital Inc. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Invesco Mortgage Capital Inc. stock price fell by -2.23% on the last day (Friday, 28th Jun 2024) from $24.65 to $24.10. During the last trading day the stock fluctuated 1.66% from a day low at $24.10 to a day high of $24.50. The price has risen in 6 of the last 10 days but is still down by -0.86% for this period. Volume has increased on the last day by 1 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, 7 thousand shares were bought and sold for approximately $166.58 thousand.
Given the current short-term trend, the stock is expected to rise 5.96% during the next 3 months and, with a 90% probability hold a price between $25.54 and $26.85 at the end of this 3-month period.
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IVR-PB Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Invesco Mortgage Capital Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $24.53 and $24.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -3.33%. Further fall is indicated until a new bottom pivot has been found. Invesco Mortgage Capital Inc. 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".
Support, Risk & Stop-loss for Invesco Mortgage Capital Inc. stock
Invesco Mortgage Capital Inc. finds support from accumulated volume at $23.73 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 $0.400 between high and low, or 1.66%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: $22.86 (-5.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 63 days ago.)
Trading Expectations (IVR-PB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Invesco Mortgage Capital Inc. to open at $24.23, and during the day (based on 14 day Average True Range), to move between $23.82 and $24.38, which gives a possible trading interval of +/-$0.277 (+/-1.15%) up or down from last closing price. If Invesco Mortgage Capital Inc. takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.17 (0.29%) than the support at $23.73 (1.54%), 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 Invesco Mortgage Capital Inc. stock A Buy?
Invesco Mortgage Capital Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.500 Hold/Accumulate Downgraded
Predicted Opening Price for Invesco Mortgage Capital Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$24.23 ( 0.553%) | $24.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVR-PB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.63 | 2.21% |
R2 | 24.48 | 1.58% |
R1 | 24.39 | 1.19% |
Price | 24.10 | |
S1 | 24.08 | -0.0808% |
S2 | 23.99 | -0.472% |
S3 | 23.83 | -1.11% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.42 | 1.33% |
R2 | 24.40 | 1.24% |
R1 | 24.17 | 0.290% |
Price | 24.10 | |
S1 | 23.73 | -1.54% |
S2 | 23.57 | -2.20% |
S3 | 23.01 | -4.52% |
IVR-PB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 05, 2024 | Jun 05, 2024 | Jun 27, 2024 | $0.484 | 1.97% |
2 | Mar 04, 2024 | Mar 04, 2024 | Mar 27, 2024 | $0.484 | 2.07% |
3 | Dec 04, 2023 | Dec 04, 2023 | Dec 27, 2023 | $0.484 | 2.07% |
4 | Sep 01, 2023 | Sep 01, 2023 | Sep 27, 2023 | $0.484 | 2.32% |
5 | Jun 02, 2023 | Jun 02, 2023 | Jun 27, 2023 | $0.484 | 2.34% |
FAQ
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