Cherry Hill Mortgage Investment Corp Stock Forecast
Green day on Thursday for Cherry Hill Mortgage Investment Corp
(Updated on Apr 18, 2024)
The Cherry Hill Mortgage Investment Corp stock price gained 1.87% on the last trading day (Thursday, 18th Apr 2024), rising from $3.20 to $3.26. During the last trading day the stock fluctuated 2.66% from a day low at $3.20 to a day high of $3.28. The price has fallen in 7 of the last 10 days and is down by -4.68% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 87 thousand more shares were traded than the day before. In total, 198 thousand shares were bought and sold for approximately $646.89 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.73% during the next 3 months and, with a 90% probability hold a price between $2.85 and $3.34 at the end of this 3-month period.
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CHMI Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.87%. Further rise is indicated until a new top pivot has been found. Cherry Hill Mortgage 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. The Cherry Hill Mortgage Investment 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 $3.29 and $3.48. 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 Cherry Hill Mortgage Investment Corp stock
Cherry Hill Mortgage Investment Corp finds support from accumulated volume at $3.21 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 $0.0850 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHMI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Cherry Hill Mortgage Investment Corporation to open at $3.25, and during the day (based on 14 day Average True Range), to move between $3.16 and $3.36, which gives a possible trading interval of +/-$0.101 (+/-3.10%) up or down from last closing price. If Cherry Hill Mortgage Investment Corporation takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.28 (0.61%) than the support at $3.21 (1.53%), 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 Cherry Hill Mortgage Investment Corporation stock A Buy?
Cherry Hill Mortgage Investment 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.
Current score: -4.360 Sell Candidate Unchanged
Predicted Opening Price for Cherry Hill Mortgage Investment Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.25 ( 0.460%) | $3.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHMI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.33 | 2.15 % | |
| R2 | 3.30 | 1.15 % | ||
| R1 | 3.28 | 0.536 % | ||
| Current price: | 3.26 | |||
| Support | S1 | 3.21 | -1.46 % | |
| S2 | 3.19 | -2.07 % | ||
| S3 | 3.16 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.68 | 12.88 % | |
| R2 | 3.47 | 6.44 % | ||
| R1 | 3.28 | 0.613 % | ||
| Current price | 3.26 | |||
| Support | S1 | 3.21 | -1.53% | |
| S2 | 3.20 | -1.84% | ||
| S3 | 0 | . |
CHMI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.150 | 4.60% |
| 2 | Dec 08, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.150 | 4.18% |
| 3 | Sep 14, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.150 | 5.05% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.150 | 3.45% |
| 5 | Mar 16, 2023 | Mar 30, 2023 | Apr 25, 2023 | $0.270 | 5.02% |
FAQ
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