Invesco Mortgage Capital Inc. Stock Forecast
Red day on Wednesday for Invesco Mortgage Capital Inc.
(Updated on Jun 26, 2024)
The Invesco Mortgage Capital Inc. stock price fell by -0.411% on the last day (Wednesday, 26th Jun 2024) from $23.10 to $23.00. During the last trading day the stock fluctuated 2.37% from a day low at $22.76 to a day high of $23.30. The price has risen in 6 of the last 10 days and is up by 1.37% over the past 2 weeks. Volume has increased on the last day by 8 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, 16 thousand shares were bought and sold for approximately $372.99 thousand.
The stock lies in the middle of a weak 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 5.32% during the next 3 months and, with a 90% probability hold a price between $22.87 and $24.98 at the end of this 3-month period.
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IVR-PC Signals & Forecast
The Invesco Mortgage Capital Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.91 and $22.93. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 30, 2024, and so far it has fallen -1.58%. 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). 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 $22.75 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 $0.540 between high and low, or 2.37%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IVR-PC) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Invesco Mortgage Capital Inc. to open at $23.02, and during the day (based on 14 day Average True Range), to move between $22.68 and $23.32, which gives a possible trading interval of +/-$0.316 (+/-1.37%) 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 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.14 (0.61%) than the support at $22.75 (1.09%), 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?
The Invesco Mortgage Capital Inc. stock holds several negative signals and despite the positive trend, we believe Invesco Mortgage Capital Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.928 Sell Candidate Unchanged
Predicted Opening Price for Invesco Mortgage Capital Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $23.02 ( 0.0871%) | $23.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVR-PC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.56 | 2.43% |
| R2 | 23.35 | 1.54% |
| R1 | 23.23 | 0.98% |
| Price | 23.00 | |
| S1 | 22.81 | -0.81% |
| S2 | 22.69 | -1.36% |
| S3 | 22.48 | -2.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.34 | 1.48% |
| R2 | 23.30 | 1.30% |
| R1 | 23.14 | 0.609% |
| Price | 23.00 | |
| S1 | 22.75 | -1.09% |
| S2 | 22.11 | -3.87% |
| S3 | 20.77 | -9.70% |
IVR-PC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 27, 2024 | $0.469 | 2.04% |
| 2 | Mar 04, 2024 | Mar 04, 2024 | Mar 04, 2024 | $0.469 | 2.08% |
| 3 | Dec 04, 2023 | Dec 04, 2023 | Dec 27, 2023 | $0.469 | 2.09% |
| 4 | Sep 01, 2023 | Sep 01, 2023 | Sep 27, 2023 | $0.469 | 2.39% |
| 5 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | $0.469 | 2.43% |
FAQ
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