INVESCO MORTGAGE CAPITAL INC Stock Forecast
Red day on Monday for INVESCO MORTGAGE CAPITAL INC
(Updated on Apr 15, 2024)
The INVESCO MORTGAGE CAPITAL INC stock price fell by -2.60% on the last day (Monday, 15th Apr 2024) from $8.47 to $8.25. During the last trading day the stock fluctuated 3.92% from a day low at $8.16 to a day high of $8.48. The price has fallen in 7 of the last 10 days and is down by -14.33% for this period. Volume has increased on the last day by 471 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, 1 million shares were bought and sold for approximately $9.00 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $8.43. A reaction back to this level may hold a second chance to get out before further falls.
IVR Signals & Forecast
There are few to no technical positive signals at the moment. The INVESCO MORTGAGE CAPITAL 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 $8.65 and $9.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -14.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for INVESCO MORTGAGE CAPITAL INC stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.320 between high and low, or 3.92%. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IVR) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect INVESCO MORTGAGE CAPITAL INC to open at $8.30, and during the day (based on 14 day Average True Range), to move between $8.00 and $8.50, which gives a possible trading interval of +/-$0.247 (+/-3.00%) up or down from last closing price. If INVESCO MORTGAGE CAPITAL INC takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $8.53, some $0.280 (3.39%) from the current price of $8.25, our system finds the risk reward not very attractive.
Is INVESCO MORTGAGE CAPITAL INC stock A Buy?
The INVESCO MORTGAGE CAPITAL INC stock holds several negative signals and despite the positive trend, we believe INVESCO MORTGAGE CAPITAL INC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.052 Sell Candidate Unchanged
Predicted Opening Price for INVESCO MORTGAGE CAPITAL INC of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $8.30 ( 0.566%) | $8.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IVR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.62 | 4.44 % | |
| R2 | 8.49 | 2.96 % | ||
| R1 | 8.42 | 2.05 % | ||
| Current price: | 8.25 | |||
| Support | S1 | 8.17 | -0.92 % | |
| S2 | 8.10 | -1.83 % | ||
| S3 | 7.98 | -3.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.41 | 14.06 % | |
| R2 | 8.66 | 4.97 % | ||
| R1 | 8.53 | 3.39 % | ||
| Current price | 8.25 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
IVR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Apr 05, 2024 | Apr 26, 2024 | $0.400 | 4.85% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.400 | 4.35% |
| 3 | Sep 26, 2023 | Oct 05, 2023 | Oct 27, 2023 | $0.400 | 6.14% |
| 4 | Jun 21, 2023 | Jun 30, 2023 | Jul 27, 2023 | $0.400 | 3.35% |
| 5 | Mar 27, 2023 | Apr 06, 2023 | Apr 27, 2023 | $0.400 | 3.86% |
FAQ
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