Two Harbors Investment Corp. Stock Forecast
Green day on Tuesday for Two Harbors Investment Corp.
(Updated on Jul 02, 2024)
The Two Harbors Investment Corp. stock price gained 0.290% on the last trading day (Tuesday, 2nd Jul 2024), rising from $24.10 to $24.17. During the last trading day the stock fluctuated 0.332% from a day low at $24.12 to a day high of $24.20. The price has risen in 6 of the last 10 days and is up by 0.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $217.19 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 $24.39 and $24.80 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-PC Signals & Forecast
The Two Harbors Investment 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 $24.17 and $24.00. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Two Harbors Investment Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -0.739%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Two Harbors Investment Corp. stock
Two Harbors Investment Corp. finds support from accumulated volume at $24.08 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 $0.0800 between high and low, or 0.332%. For the last week the stock has had daily average volatility of 0.91%.
Our recommended stop-loss: $23.22 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (TWO-PC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Two Harbors Investment Corp. to open at $24.16, and during the day (based on 14 day Average True Range), to move between $23.96 and $24.38, which gives a possible trading interval of +/-$0.210 (+/-0.87%) 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 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.18 (0.02%) than the support at $24.08 (0.37%), 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?
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 Two Harbors Investment Corp. stock to perform well in the short-term period.
Current score: 3.257 Buy Candidate Unchanged
Predicted Opening Price for Two Harbors Investment Corp. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $24.16 ( 0.0276%) | $24.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWO-PC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.24 | 0.303% |
| R2 | 24.21 | 0.177% |
| R1 | 24.19 | 0.0989% |
| Price | 24.17 | |
| S1 | 24.13 | -0.154% |
| S2 | 24.11 | -0.232% |
| S3 | 24.08 | -0.359% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.35 | 0.745% |
| R2 | 24.20 | 0.124% |
| R1 | 24.18 | 0.0207% |
| Price | 24.17 | |
| S1 | 24.08 | -0.372% |
| S2 | 23.93 | -0.99% |
| S3 | 23.90 | -1.12% |
TWO-PC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2024 | Jul 12, 2024 | Jul 29, 2024 | $0 | 0% |
| 2 | Apr 11, 2024 | Apr 11, 2024 | Apr 29, 2024 | $0.453 | 1.93% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Jan 26, 2024 | $0.453 | 2.00% |
| 4 | Oct 11, 2023 | Oct 11, 2023 | Oct 27, 2023 | $0.453 | 2.43% |
| 5 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | $0.453 | 2.22% |
FAQ
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