Two Harbors Investment Corp. Stock Forecast
Weaker technical forecast for Two Harbors Investment Corp. as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The Two Harbors Investment Corp. stock price fell by -0.644% on the last day (Friday, 28th Jun 2024) from $23.30 to $23.15. During the last trading day the stock fluctuated 1.65% from a day low at $23.02 to a day high of $23.40. The price has fallen in 6 of the last 10 days but is still up by 0.92% over the past 2 weeks. Volume has increased on the last day by 4 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, 7 thousand shares were bought and sold for approximately $172.28 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Two Harbors Investment Corp. stock with a 90% probability to be traded between $22.76 and $23.86 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.
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TWO-PA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Two Harbors Investment Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.25 and $23.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -1.28%. Further fall is indicated until a new bottom pivot has been found. Two Harbors Investment Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Two Harbors Investment Corp. stock
Two Harbors Investment Corp. finds support from accumulated volume at $23.01 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 $0.380 between high and low, or 1.65%. For the last week the stock has had daily average volatility of 0.795%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TWO-PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Two Harbors Investment Corp. to open at $23.19, and during the day (based on 14 day Average True Range), to move between $22.93 and $23.37, which gives a possible trading interval of +/-$0.222 (+/-0.96%) up or down from last closing price. If Two Harbors Investment Corp. takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.16 (0.04%) than the support at $23.01 (0.60%), 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 Investment Corp. stock A Buy?
Two Harbors Investment Corp. holds several negative signals and is within a narrow and falling trend, so we believe 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 Buy to a Sell candidate.
Current score: -3.195 Sell Candidate Downgraded
Predicted Opening Price for Two Harbors Investment Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $23.19 ( 0.173%) | $23.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWO-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.57 | 1.81% |
| R2 | 23.42 | 1.19% |
| R1 | 23.34 | 0.800% |
| Price | 23.15 | |
| S1 | 23.04 | -0.454% |
| S2 | 22.96 | -0.84% |
| S3 | 22.81 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.69 | 2.33% |
| R2 | 23.24 | 0.389% |
| R1 | 23.16 | 0.0432% |
| Price | 23.15 | |
| S1 | 23.01 | -0.605% |
| S2 | 22.48 | -2.89% |
| S3 | 22.29 | -3.71% |
TWO-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2024 | Jul 12, 2024 | Jul 29, 2024 | $0.508 | 2.19% |
| 2 | Apr 11, 2024 | Apr 11, 2024 | Apr 29, 2024 | $0.508 | 2.25% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Jan 26, 2024 | $0.508 | 2.26% |
| 4 | Oct 11, 2023 | Oct 11, 2023 | Oct 27, 2023 | $0.508 | 2.68% |
| 5 | Jul 11, 2023 | Jul 11, 2023 | Jul 27, 2023 | $0.508 | 2.36% |
FAQ
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