Mfa Financial, Inc. Stock Forecast
Stronger technical forecast for Mfa Financial, Inc. stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Mfa Financial, Inc. stock price gained 0.89% on the last trading day (Tuesday, 2nd Jul 2024), rising from $23.54 to $23.75. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.85% from a day low at $23.55 to a day high of $23.75. The price has risen in 6 of the last 10 days and is up by 1.67% 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, 4 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $365.87 thousand.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $23.69 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $24.28 sometime during the next 3 months.
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MFA-PC 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, 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 $23.55 and $23.70. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, June 20, 2024, and so far it has fallen -0.336%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Mfa Financial, Inc. stock
Mfa Financial, Inc. finds support from accumulated volume at $23.70 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 $0.200 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: $22.80 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (MFA-PC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Mfa Financial, Inc. to open at $23.68, and during the day (based on 14 day Average True Range), to move between $23.49 and $24.01, which gives a possible trading interval of +/-$0.263 (+/-1.11%) up or down from last closing price. If Mfa Financial, Inc. takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.70 (0.21%) than the resistance at $23.84 (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.875 Hold/Accumulate Upgraded
Predicted Opening Price for Mfa Financial, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $23.68 ( 0.281%) | $23.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFA-PC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.88 | 0.561% |
| R2 | 23.81 | 0.240% |
| R1 | 23.76 | 0.0410% |
| Price | 23.75 | |
| S1 | 23.61 | -0.602% |
| S2 | 23.56 | -0.80% |
| S3 | 23.48 | -1.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.27 | 2.19% |
| R2 | 24.18 | 1.81% |
| R1 | 23.84 | 0.379% |
| Price | 23.75 | |
| S1 | 23.70 | -0.211% |
| S2 | 23.60 | -0.632% |
| S3 | 23.55 | -0.84% |
MFA-PC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 28, 2024 | $0.406 | 1.73% |
| 2 | Mar 04, 2024 | Mar 04, 2024 | Mar 28, 2024 | $0.406 | 1.83% |
| 3 | Dec 01, 2023 | Dec 01, 2023 | Dec 29, 2023 | $0.406 | 1.92% |
| 4 | Sep 01, 2023 | Sep 01, 2023 | Sep 29, 2023 | $0.406 | 2.13% |
| 5 | Jun 02, 2023 | Jun 02, 2023 | Jun 30, 2023 | $0.406 | 2.06% |
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