INVESCO MORTGAGE CAPITAL INC Stock Forecast
Stronger technical forecast for INVESCO MORTGAGE CAPITAL INC stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The INVESCO MORTGAGE CAPITAL INC stock price gained 2.69% on the last trading day (Wednesday, 27th Mar 2024), rising from $9.29 to $9.54. During the last trading day the stock fluctuated 1.60% from a day low at $9.39 to a day high of $9.54. The price has risen in 6 of the last 10 days and is up by 2.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 293 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $10.37 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $9.65 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.84% during the next 3 months and, with a 90% probability hold a price between $8.76 and $10.02 at the end of this 3-month period.
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IVR 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. 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 $9.41 and $8.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 15.50%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for INVESCO MORTGAGE CAPITAL INC stock
INVESCO MORTGAGE CAPITAL INC finds support from accumulated volume at $9.14 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 $0.150 (1.60%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: $9.19 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (IVR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect INVESCO MORTGAGE CAPITAL INC to open at $9.49, and during the day (based on 14 day Average True Range), to move between $9.33 and $9.75, which gives a possible trading interval of +/-$0.205 (+/-2.15%) 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 4.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $9.14, some $0.400 (4.19%) from the current price of $9.54, our system finds the risk reward attractive.
Is INVESCO MORTGAGE CAPITAL INC stock A Buy?
INVESCO MORTGAGE CAPITAL INC holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 5.054 Strong Buy Candidate Upgraded
Predicted Opening Price for INVESCO MORTGAGE CAPITAL INC of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$9.49 ( 0.524%) | $9.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.64 | 1.05 % | |
R2 | 9.58 | 0.448 % | ||
R1 | 9.55 | 0.0765 % | ||
Current price: | 9.54 | |||
Support | S1 | 9.43 | -1.12 % | |
S2 | 9.40 | -1.50 % | ||
S3 | 9.34 | -2.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 9.54 | |||
Support | S1 | 9.14 | -4.19% | |
S2 | 8.67 | -9.12% | ||
S3 | 8.53 | -10.59% |
IVR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.400 | 4.35% |
2 | Sep 26, 2023 | Oct 05, 2023 | Oct 27, 2023 | $0.400 | 6.14% |
3 | Jun 21, 2023 | Jun 30, 2023 | Jul 27, 2023 | $0.400 | 3.35% |
4 | Mar 27, 2023 | Apr 06, 2023 | Apr 27, 2023 | $0.400 | 3.86% |
5 | Dec 19, 2022 | Jan 06, 2023 | Jan 27, 2023 | $0.650 | 4.41% |
FAQ
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