Ag Mortgage Investment Trust, Inc. Stock Forecast
Ag Mortgage Investment Trust, Inc. stock price up 0.0521% on Tuesday
(Updated on Jun 25, 2024)
The Ag Mortgage Investment Trust, Inc. stock price gained 0.0521% on the last trading day (Tuesday, 25th Jun 2024), rising from $19.18 to $19.19. During the last trading day the stock fluctuated 0.737% from a day low at $19.05 to a day high of $19.19. The price has fallen in 6 of the last 10 days and is down by -0.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $300.17 thousand.
The stock lies in the middle of a narrow 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 2.18% during the next 3 months and, with a 90% probability hold a price between $19.30 and $19.97 at the end of this 3-month period.
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MITT-PB Signals & Forecast
The Ag Mortgage Investment Trust, 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 $19.20 and $19.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -1.29%. Further fall is indicated until a new bottom pivot has been found. Some positive signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ag Mortgage Investment Trust, 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.
A sell signal from a double top formation was found on Friday, June 07, 2024 and based on theory for this formation the price should fall by -3.20% to $18.58 within 6 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for Ag Mortgage Investment Trust, Inc. stock
Ag Mortgage Investment Trust, Inc. finds support from accumulated volume at $19.00 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 $0.140 between high and low, or 0.737%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: $18.42 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (MITT-PB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ag Mortgage Investment Trust, Inc. to open at $19.14, and during the day (based on 14 day Average True Range), to move between $18.96 and $19.42, which gives a possible trading interval of +/-$0.229 (+/-1.19%) up or down from last closing price. If Ag Mortgage Investment Trust, Inc. takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.27 (0.42%) than the support at $19.00 (0.99%), 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 Ag Mortgage Investment Trust, Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.518 Buy Candidate Unchanged
Predicted Opening Price for Ag Mortgage Investment Trust, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $19.14 ( 0.242%) | $19.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MITT-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.28 | 0.489% |
| R2 | 19.23 | 0.210% |
| R1 | 19.20 | 0.0370% |
| Price | 19.19 | |
| S1 | 19.09 | -0.522% |
| S2 | 19.06 | -0.695% |
| S3 | 19.00 | -0.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.40 | 1.12% |
| R2 | 19.40 | 1.09% |
| R1 | 19.27 | 0.417% |
| Price | 19.19 | |
| S1 | 19.00 | -0.99% |
| S2 | 18.95 | -1.25% |
| S3 | 18.77 | -2.19% |
MITT-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.500 | 2.59% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 18, 2024 | $0.500 | 2.65% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 18, 2023 | $0.500 | 2.68% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 18, 2023 | $0.500 | 2.94% |
| 5 | May 30, 2023 | May 30, 2023 | Jun 20, 2023 | $0.500 | 3.12% |
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