MFA Financial Inc Stock Forecast
Red day on Monday for MFA Financial Inc
(Updated on Apr 15, 2024)
The MFA Financial Inc stock price fell by -2.05% on the last day (Monday, 15th Apr 2024) from $10.72 to $10.50. During the last trading day the stock fluctuated 4.21% from a day low at $10.42 to a day high of $10.86. The price has fallen in 6 of the last 10 days and is down by -6.58% for this period. Volume has increased on the last day by 298 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, 546 thousand shares were bought and sold for approximately $5.73 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $10.42 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect MFA Financial Inc stock with a 90% probability to be traded between $10.28 and $11.43 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.
MFA Signals & Forecast
There are few to no technical positive signals at the moment. The MFA Financial Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.87 and $11.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -9.72%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for MFA Financial Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.439 (4.21%) between high and low. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MFA) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect MFA Financial Inc to open at $10.59, and during the day (based on 14 day Average True Range), to move between $10.24 and $10.76, which gives a possible trading interval of +/-$0.260 (+/-2.48%) up or down from last closing price. If MFA Financial Inc takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.73, some $0.230 (2.19%) from the current price of $10.50, our system finds the risk reward not very attractive.
Is MFA Financial Inc stock A Buy?
MFA Financial Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.756 Sell Candidate Unchanged
Predicted Opening Price for MFA Financial Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $10.59 ( 0.89%) | $10.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.03 | 5.07 % | |
| R2 | 10.86 | 3.48 % | ||
| R1 | 10.76 | 2.49 % | ||
| Current price: | 10.50 | |||
| Support | S1 | 10.43 | -0.704 % | |
| S2 | 10.32 | -1.69 % | ||
| S3 | 10.15 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.41 | 8.67 % | |
| R2 | 11.22 | 6.86 % | ||
| R1 | 10.73 | 2.19 % | ||
| Current price | 10.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MFA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.350 | 3.33% |
| 2 | Dec 13, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.350 | 3.16% |
| 3 | Sep 20, 2023 | Sep 29, 2023 | Oct 31, 2023 | $0.350 | 3.94% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.350 | 3.11% |
| 5 | Mar 10, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.350 | 3.27% |
FAQ
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