Annaly Capital Stock Forecast
Annaly Capital stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Annaly Capital stock price fell by -1.83% on the last day (Tuesday, 30th Apr 2024) from $19.09 to $18.74. During the last trading day the stock fluctuated 1.98% from a day low at $18.72 to a day high of $19.09. The price has risen in 8 of the last 10 days and is up by 5.82% over the past 2 weeks. Volume has increased on the last day by 433 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, 5 million shares were bought and sold for approximately $85.81 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Annaly Capital stock with a 90% probability to be traded between $17.38 and $18.78 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NLY Signals & Forecast
There are mixed signals in the stock today. The Annaly Capital stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.09. On a fall, the stock will find some support from the short-term average at $18.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.83%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Annaly Capital stock
Annaly Capital finds support from accumulated volume at $18.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.370 between high and low, or 1.98%. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NLY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Annaly Capital Management Inc to open at $18.85, and during the day (based on 14 day Average True Range), to move between $18.37 and $19.11, which gives a possible trading interval of +/-$0.370 (+/-1.97%) 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 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.69 (0.27%) than the resistance at $18.88 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Annaly Capital Management Inc stock A Buy?
Annaly Capital holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.280 Sell Candidate Downgraded
Predicted Opening Price for Annaly Capital Management Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $18.85 ( 0.587%) | $18.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NLY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.22 | 2.56 % | |
| R2 | 19.08 | 1.81 % | ||
| R1 | 18.99 | 1.34 % | ||
| Current price: | 18.74 | |||
| Support | S1 | 18.71 | -0.167 % | |
| S2 | 18.62 | -0.633 % | ||
| S3 | 18.48 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.48 | 3.95 % | |
| R2 | 19.44 | 3.74 % | ||
| R1 | 18.88 | 0.747 % | ||
| Current price | 18.74 | |||
| Support | S1 | 18.69 | -0.267% | |
| S2 | 18.59 | -0.80% | ||
| S3 | 18.58 | -0.85% |
NLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.650 | 3.47% |
| 2 | Dec 07, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.650 | 3.39% |
| 3 | Sep 07, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.650 | 4.16% |
| 4 | Jun 07, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.650 | 3.24% |
| 5 | Mar 14, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.650 | 3.25% |
FAQ
Click here for our free guide on how to buy Annaly Capital Stock.
