Annaly Capital Management, Inc. Stock Forecast

Annaly Capital Management, Inc. stock price down 0.118% on Wednesday
(Updated on Jun 26, 2024)

NLY-PF Signals & Forecast

There are mixed signals in the stock today. The Annaly Capital Management, 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 $25.44 and $25.50. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 0.99%. 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). The stock had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, April 26, 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 Annaly Capital Management, Inc. stock

Annaly Capital Management, Inc. finds support from accumulated volume at $25.25 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 $0.0800 between high and low, or 0.315%. For the last week the stock has had daily average volatility of 0.433%

Our recommended stop-loss: $23.96 (-5.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (NLY-PF) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Annaly Capital Management, Inc. to open at $25.45, and during the day (based on 14 day Average True Range), to move between $25.30 and $25.56, which gives a possible trading interval of +/-$0.126 (+/-0.49%) up or down from last closing price. If Annaly Capital Management, Inc. takes out the full calculated possible swing range there will be an estimated 0.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.48 (0.20%) than the support at $25.25 (0.71%), 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 Annaly Capital Management, Inc. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Annaly Capital Management, Inc. stock to perform well in the short-term period.

Current score: 1.361 Buy Candidate Unchanged

Predicted Opening Price for Annaly Capital Management, Inc. of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.