Annaly Capital Stock Forecast
Annaly Capital stock price ended at $18.95 on Tuesday, after gaining 1.55%.
(Updated on Jul 02, 2024)
The Annaly Capital stock price gained 1.55% on the last trading day (Tuesday, 2nd Jul 2024), rising from $18.66 to $18.95. During the last trading day the stock fluctuated 1.90% from a day low at $18.65 to a day high of $19.01. The price has fallen in 6 of the last 10 days and is down by -5.77% for this period. Volume fell on the last day by -3 million shares and in total, 3 million shares were bought and sold for approximately $63.04 million. 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 lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.76% during the next 3 months and, with a 90% probability hold a price between $19.94 and $22.50 at the end of this 3-month period.
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NLY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 1.55%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Annaly Capital 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 $19.50 and $19.80. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell 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 $18.66 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 $0.355 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 1.77%.
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 3rd
For the upcoming trading day on Wednesday, 3rd we expect Annaly Capital Management Inc to open at $18.87, and during the day (based on 14 day Average True Range), to move between $18.63 and $19.27, which gives a possible trading interval of +/-$0.322 (+/-1.70%) 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 3.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.06 (0.58%) than the support at $18.66 (1.53%), 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?
The Annaly Capital stock holds several negative signals and despite the positive trend, we believe Annaly Capital will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.905 Sell Candidate Unchanged
Predicted Opening Price for Annaly Capital Management Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $18.87 ( 0.431%) | $18.95 |
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 | |
|---|---|---|
| R3 | 19.22 | 1.44% |
| R2 | 19.09 | 0.727% |
| R1 | 19.00 | 0.285% |
| Price | 18.95 | |
| S1 | 18.73 | -1.15% |
| S2 | 18.65 | -1.59% |
| S3 | 18.51 | -2.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.92 | 5.12% |
| R2 | 19.68 | 3.85% |
| R1 | 19.06 | 0.580% |
| Price | 18.95 | |
| S1 | 18.66 | -1.53% |
| S2 | 18.59 | -1.90% |
| S3 | 18.58 | -1.95% |
NLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 31, 2024 | $0.650 | 3.43% |
| 2 | Mar 14, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.650 | 3.47% |
| 3 | Dec 07, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.650 | 3.39% |
| 4 | Sep 07, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.650 | 4.16% |
| 5 | Jun 07, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.650 | 3.24% |
FAQ
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