Evaluation of MFA Financial Inc stock downgraded after the last trading session.
(Updated on Oct 15, 2021)
Buy or Hold candidate since 2021-10-04 Gain 0.87% PDF
The MFA Financial Inc stock price fell by -0.21% on the last day (Friday, 15th Oct 2021) from $4.66 to $4.65. and has now fallen 3 days in a row. During the day the stock fluctuated 1.72% from a day low at $4.65 to a day high of $4.73. The price has been going up and down for this period, and there has been a 0.87% gain for the last 2 weeks. Volume has increased on the last day by 1 million 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, 3 million shares were bought and sold for approximately $13.43 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MFA Financial Inc stock with a 90% probability to be traded between $4.60 and $4.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals & Forecast
There are mixed signals in the stock today. The MFA Financial Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $4.67. On a fall, the stock will find some support from the short-term average at $4.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, September 30, 2021, and so far it has risen 1.75%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss
MFA Financial Inc finds support from accumulated volume at $4.64 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 $0.0800 between high and low, or 1.72%. For the last week the stock has had a daily average volatility of 1.64%.
Our recommended stop-loss: $4.42 (-4.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Is MFA Financial Inc stock A Buy?
MFA Financial Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.446
Predicted Opening Price for MFA Financial Inc of Monday, October 18, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price October 18, 2021||Current price|
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On May 25, 2021 "Royal Bank of Canada" gave "Sector Perform" rating for MFA. The price target was changed from $4.00 to $4.50.
MFA Insider Trading
|Jan 15, 2021||Sell||122 500||Knutson Craig L||Phantom Shares|
|Jan 15, 2021||Sell||18 000||Yarad Stephen D.||Phantom Shares|
|Jan 15, 2021||Sell||45 000||Wulfsohn Bryan||Phantom Shares|
|Jan 15, 2021||Sell||45 000||Kristjansson Gudmundur||Phantom Shares|
|Jan 15, 2021||Sell||15 000||Meyers Terence B||Phantom Shares|
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