Federal Agricultural Mortgage Corp Stock Forecast
Evaluation of Federal Agricultural Mortgage Corp stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Federal Agricultural Mortgage Corp stock price gained 0.250% on the last trading day (Thursday, 18th Apr 2024), rising from $179.91 to $180.36. During the last trading day the stock fluctuated 1.12% from a day low at $179.43 to a day high of $181.44. The price has risen in 6 of the last 10 days but is still down by -2.04% for this period. Volume fell on the last day by -8 thousand shares and in total, 36 thousand shares were bought and sold for approximately $6.43 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $177.30 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Federal Agricultural Mortgage Corp stock with a 90% probability to be traded between $177.04 and $198.11 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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AGM Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.72%. 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 Federal Agricultural Mortgage Corp 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 $181.23 and $187.19. 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 Federal Agricultural Mortgage Corp stock
Federal Agricultural Mortgage Corp finds support from accumulated volume at $178.87 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 $2.01 between high and low, or 1.12%. For the last week, the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AGM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Federal Agricultural Mortgage Corporation to open at $180.41, and during the day (based on 14 day Average True Range), to move between $175.89 and $184.83, which gives a possible trading interval of +/-$4.47 (+/-2.48%) up or down from last closing price. If Federal Agricultural Mortgage Corporation takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $181.63 (0.70%) than the support at $178.87 (0.83%), 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 Federal Agricultural Mortgage Corporation stock A Buy?
Federal Agricultural Mortgage Corp holds several negative signals and is within a wide 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: -2.454 Sell Candidate Downgraded
Predicted Opening Price for Federal Agricultural Mortgage Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $180.41 ( 0.0277%) | $180.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 182.42 | 1.14 % | |
| R2 | 181.65 | 0.716 % | ||
| R1 | 181.18 | 0.453 % | ||
| Current price: | 180.36 | |||
| Support | S1 | 179.64 | -0.398 % | |
| S2 | 179.17 | -0.661 % | ||
| S3 | 178.40 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 194.72 | 7.96 % | |
| R2 | 188.25 | 4.37 % | ||
| R1 | 181.63 | 0.704 % | ||
| Current price | 180.36 | |||
| Support | S1 | 178.87 | -0.83% | |
| S2 | 177.35 | -1.67% | ||
| S3 | 175.67 | -2.60% |
AGM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 14, 2024 | Mar 28, 2024 | $1.40 | 0.711% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $1.10 | 0.575% |
| 3 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $1.10 | 0.713% |
| 4 | May 03, 2023 | Jun 15, 2023 | Jun 30, 2023 | $1.10 | 0.765% |
| 5 | Feb 22, 2023 | Mar 15, 2023 | Mar 31, 2023 | $1.10 | 0.83% |
FAQ
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