MFA Financial Inc Stock Forecast
MFA Financial Inc stock price down 0.97% on Wednesday
(Updated on Mar 27, 2024)
The MFA Financial Inc stock price fell by -0.97% on the last day (Wednesday, 27th Mar 2024) from $11.36 to $11.25. During the last trading day the stock fluctuated 1.90% from a day low at $11.06 to a day high of $11.27. The price has been going up and down for this period, and there has been a -1.66% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 710 thousand shares were bought and sold for approximately $7.99 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MFA Financial Inc stock with a 90% probability to be traded between $10.42 and $11.55 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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MFA Signals & Forecast
The MFA Financial Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $11.46. On a fall, the stock will find some support from the long-term average at approximately $11.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, March 21, 2024, and so far it has fallen -3.27%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for MFA Financial Inc stock
MFA Financial Inc finds support from accumulated volume at $11.22 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 $0.210 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MFA) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect MFA Financial Inc to open at $11.19, and during the day (based on 14 day Average True Range), to move between $11.00 and $11.50, which gives a possible trading interval of +/-$0.251 (+/-2.23%) up or down from last closing price. If MFA Financial Inc takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.22 (0.27%) than the resistance at $11.30 (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MFA Financial Inc stock A Buy?
MFA Financial Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.133 Sell Candidate Unchanged
Predicted Opening Price for MFA Financial Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$11.19 ( 0.504%) | $11.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.40 | 1.36 % | |
R2 | 11.32 | 0.649 % | ||
R1 | 11.27 | 0.209 % | ||
Current price: | 11.25 | |||
Support | S1 | 11.11 | -1.22 % | |
S2 | 11.06 | -1.66 % | ||
S3 | 10.98 | -2.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.48 | 2.04 % | |
R2 | 11.47 | 1.96 % | ||
R1 | 11.30 | 0.444 % | ||
Current price | 11.25 | |||
Support | S1 | 11.22 | -0.267% | |
S2 | 11.13 | -1.07% | ||
S3 | 10.73 | -4.62% |
MFA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.350 | 3.11% |
2 | Dec 13, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.350 | 3.16% |
3 | Sep 20, 2023 | Sep 29, 2023 | Oct 31, 2023 | $0.350 | 3.94% |
4 | Jun 15, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.350 | 3.11% |
5 | Mar 10, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.350 | 3.27% |
FAQ
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