Ag Mortgage Investment Trust, I Stock Forecast
Ag Mortgage Investment Trust, I stock downgraded to Hold/Accumulate
(Updated on Jun 27, 2024)
The Ag Mortgage Investment Trust, I stock price gained 0.311% on the last trading day (Thursday, 27th Jun 2024), rising from $25.12 to $25.20. During the last trading day the stock fluctuated 0% from a day low at $25.20 to a day high of $25.20. The price has risen in 6 of the last 10 days and is up by 0.43% over the past 2 weeks. Volume fell on the last day by -330 shares and in total, 155 shares were bought and sold for approximately $3.91 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ag Mortgage Investment Trust, I stock with a 90% probability to be traded between $24.48 and $25.11 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MITN Signals & Forecast
The Ag Mortgage Investment Trust, I 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 $25.15 and $25.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 0.792%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, June 21, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, June 21, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, June 21, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Ag Mortgage Investment Trust, I stock
Ag Mortgage Investment Trust, I finds support from accumulated volume at $25.15 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.198%
Our recommended stop-loss: $23.23 (-7.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (MITN) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Ag Mortgage Investment Trust, I to open at $25.20, and during the day (based on 14 day Average True Range), to move between $25.10 and $25.30, which gives a possible trading interval of +/-$0.0996 (+/-0.40%) up or down from last closing price. If Ag Mortgage Investment Trust, I takes out the full calculated possible swing range there will be an estimated 0.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.15 (0.19%) than the resistance at $25.29 (0.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ag Mortgage Investment Trust, I stock A Buy?
Ag Mortgage Investment Trust, I 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: 0.769 Hold/Accumulate Downgraded
Predicted Opening Price for Ag Mortgage Investment Trust, I of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$25.20 ( 0.00000000%) | $25.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MITN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.20 | 0.00000000% |
R2 | 25.20 | 0.00000000% |
R1 | 25.20 | 0.00000000% |
Price | 25.20 | |
S1 | 25.20 | 0.00000000% |
S2 | 25.20 | 0.00000000% |
S3 | 25.20 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.48 | 1.12% |
R2 | 25.35 | 0.603% |
R1 | 25.29 | 0.365% |
Price | 25.20 | |
S1 | 25.15 | -0.190% |
S2 | 25.09 | -0.429% |
S3 | 25.00 | -0.786% |
MITN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 01, 2024 | Aug 01, 2024 | Aug 15, 2024 | $0.594 | 2.36% |
2 | Apr 30, 2024 | Apr 30, 2024 | May 15, 2024 | $0.719 | 2.84% |
FAQ
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