ARMOUR Residential REIT, Inc Stock Forecast
Stronger technical forecast for ARMOUR Residential REIT, Inc stock price after Friday trading.
(Updated on Apr 19, 2024)
No changes to the price of ARMOUR Residential REIT, Inc stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 1.68% from a day low at £238.00 to a day high of £242.00. The price has fallen in 7 of the last 10 days and is down by -2.05% for this period.
The stock is at the lower part of a narrow 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 £238.99 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ARMOUR Residential REIT, Inc stock with a 90% probability to be traded between £241.97 and £251.23 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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ARR.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ARMOUR Residential REIT, Inc 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 £241.21 and £242.80. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Tuesday, October 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, October 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for ARMOUR Residential REIT, Inc stock
ARMOUR Residential REIT, Inc finds support from accumulated volume at £238.00 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 £4.00 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: £223.66 (-6.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ARR.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect ARMOUR Residential REIT, Inc to open at £239.67, and during the day (based on 14 day Average True Range), to move between £233.53 and £244.47, which gives a possible trading interval of +/-£5.47 (+/-2.29%) up or down from last closing price. If ARMOUR Residential REIT, Inc takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £240.00 (0.42%) than the support at £238.00 (0.42%), 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 ARMOUR Residential REIT, Inc stock A Buy?
ARMOUR Residential REIT, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.118 Hold/Accumulate Upgraded
Predicted Opening Price for ARMOUR Residential REIT, Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £239.67 ( 0.279%) | £239.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 243.67 | 1.95 % | |
| R2 | 242.14 | 1.31 % | ||
| R1 | 241.19 | 0.92 % | ||
| Current price: | 239.00 | |||
| Support | S1 | 238.14 | -0.360 % | |
| S2 | 237.19 | -0.755 % | ||
| S3 | 235.67 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 243.00 | 1.67 % | |
| R2 | 242.00 | 1.26 % | ||
| R1 | 240.00 | 0.418 % | ||
| Current price | 239.00 | |||
| Support | S1 | 238.00 | -0.418% | |
| S2 | 237.00 | -0.84% | ||
| S3 | 234.00 | -2.09% |
ARR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 20, 2024 | £3.45 | 1.45% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £2.97 | 1.41% |
| 3 | Apr 29, 2022 | Jun 09, 2022 | Jul 01, 2022 | £1.84 | 0.94% |
| 4 | Jun 02, 2021 | Jun 10, 2021 | Jul 02, 2021 | £0.550 | 0.238% |
| 5 | May 14, 2020 | May 21, 2020 | Jun 26, 2020 | £4.50 | 2.74% |
FAQ
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