Mfa Financial, Inc. Stock Forecast
Stronger technical forecast for Mfa Financial, Inc. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Mfa Financial, Inc. stock price gained 0.684% on the last trading day (Friday, 28th Jun 2024), rising from $21.15 to $21.29. During the last trading day the stock fluctuated 1.75% from a day low at $21.11 to a day high of $21.48. The price has been going up and down for this period, and there has been a 1.87% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $323.42 thousand.
The stock lies in the middle of a wide and 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 4.13% during the next 3 months and, with a 90% probability hold a price between $20.64 and $22.85 at the end of this 3-month period.
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MFA-PB Signals & Forecast
The Mfa Financial, 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 $21.06 and $20.88. A breakdown below any of these levels will issue sell signals. Mfa Financial, Inc. 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 Tuesday, June 04, 2024, and so far it has fallen -1.89%. 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).
Support, Risk & Stop-loss for Mfa Financial, Inc. stock
Mfa Financial, Inc. finds support from accumulated volume at $20.65 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 $0.370 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 0.772%.
Our recommended stop-loss: $20.27 (-4.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (MFA-PB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mfa Financial, Inc. to open at $21.29, and during the day (based on 14 day Average True Range), to move between $21.05 and $21.53, which gives a possible trading interval of +/-$0.242 (+/-1.14%) up or down from last closing price. If Mfa Financial, Inc. takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.54 (1.17%) than the support at $20.65 (3.01%), 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 Mfa Financial, Inc. 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 Mfa Financial, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.607 Buy Candidate Upgraded
Predicted Opening Price for Mfa Financial, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $21.29 ( 0.0157%) | $21.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFA-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.66 | 1.75% |
| R2 | 21.52 | 1.09% |
| R1 | 21.43 | 0.680% |
| Price | 21.29 | |
| S1 | 21.15 | -0.648% |
| S2 | 21.06 | -1.06% |
| S3 | 20.92 | -1.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 21.70 | 1.93% |
| R1 | 21.54 | 1.17% |
| Price | 21.29 | |
| S1 | 20.65 | -3.01% |
| S2 | 19.27 | -9.49% |
| S3 | 19.13 | -10.15% |
MFA-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 28, 2024 | $0.469 | 2.20% |
| 2 | Mar 04, 2024 | Mar 04, 2024 | Mar 28, 2024 | $0.469 | 2.26% |
| 3 | Dec 01, 2023 | Dec 01, 2023 | Dec 29, 2023 | $0.469 | 2.20% |
| 4 | Sep 01, 2023 | Sep 01, 2023 | Sep 29, 2023 | $0.469 | 2.57% |
| 5 | Jun 02, 2023 | Jun 02, 2023 | Jun 30, 2023 | $0.469 | 2.34% |
FAQ
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