0% commission for ETF tradesTwo Harbors Investments Corp Stock Forecast
AI Analysis of TWO
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Two Harbors Investments Corp stock price up 1.24% on Thursday
(Updated on Sep 12, 2024)
The Two Harbors Investments Corp stock price gained 1.24% on the last trading day (Thursday, 12th Sep 2024), rising from $13.66 to $13.83. During the last trading day the stock fluctuated 1.58% from a day low at $13.63 to a day high of $13.85. The price has fallen in 6 of the last 10 days and is down by -1.14% for this period. Volume fell on the last day by -85 thousand shares and in total, 712 thousand shares were bought and sold for approximately $9.85 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 middle of a wide 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 6.03% during the next 3 months and, with a 90% probability hold a price between $14.04 and $15.52 at the end of this 3-month period.
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TWO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, August 30, 2024, and so far it has fallen -2.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Two Harbors Investments Corp 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 $13.81 and $13.64. A breakdown below any of these levels will issue sell signals. 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.
A sell signal from a double top formation was found on Friday, August 30, 2024 and based on theory for this formation the price should fall by -13.09% to $12.02 within 32 trading days (Wednesday, October 16, 2024) since signal was issued.
Support, Risk & Stop-loss for Two Harbors Investments Corp stock
Two Harbors Investments Corp finds support from accumulated volume at $13.78 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 $0.215 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: $13.32 (-3.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (TWO) For The Upcoming Trading Day Of Friday 13th
For the upcoming trading day on Friday, 13th we expect Two Harbors Investments Corp to open at $13.77, and during the day (based on 14 day Average True Range), to move between $13.63 and $14.03, which gives a possible trading interval of +/-$0.202 (+/-1.46%) up or down from last closing price. If Two Harbors Investments Corp takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.86 (0.22%) than the support at $13.78 (0.36%), 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 Two Harbors Investments Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Two Harbors Investments Corp stock to perform well in the short-term.
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Current score: 3.697 Buy Candidate Unchanged
Predicted Opening Price for Two Harbors Investments Corp of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $13.77 ( 0.446%) | $13.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.98 | 1.11% |
| R2 | 13.90 | 0.515% |
| R1 | 13.85 | 0.148% |
| Price | 13.83 | |
| S1 | 13.69 | -1.04% |
| S2 | 13.64 | -1.41% |
| S3 | 13.55 | -2.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.10 | 1.95% |
| R2 | 14.06 | 1.66% |
| R1 | 13.86 | 0.217% |
| Price | 13.83 | |
| S1 | 13.78 | -0.362% |
| S2 | 13.22 | -4.41% |
| S3 | 13.21 | -4.48% |
TWO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 05, 2024 | Jul 05, 2024 | Jul 29, 2024 | $0.450 | 3.29% |
| 2 | Mar 20, 2024 | Apr 03, 2024 | Apr 29, 2024 | $0.450 | 3.57% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Jan 29, 2024 | $0.450 | 3.30% |
| 4 | Sep 19, 2023 | Oct 02, 2023 | Oct 27, 2023 | $0.450 | 4.52% |
| 5 | Jun 21, 2023 | Jul 03, 2023 | Jul 28, 2023 | $0.450 | 3.31% |
FAQ
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