AG Mortgage Investment Trust Inc Stock Forecast
AG Mortgage Investment Trust Inc stock price down 1.96% on Thursday
(Updated on Apr 25, 2024)
The AG Mortgage Investment Trust Inc stock price fell by -1.96% on the last day (Thursday, 25th Apr 2024) from $5.62 to $5.51. During the last trading day the stock fluctuated 2.73% from a day low at $5.50 to a day high of $5.65. The price has fallen in 5 of the last 10 days and is down by -3.84% for this period. 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 -4 thousand shares and in total, 89 thousand shares were bought and sold for approximately $491.85 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 -9.11% during the next 3 months and, with a 90% probability hold a price between $4.90 and $5.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MITT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.92%. 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 AG Mortgage Investment Trust 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 $5.56 and $5.86. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for AG Mortgage Investment Trust Inc stock
AG Mortgage Investment Trust Inc finds support from accumulated volume at $5.50 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.150 between high and low, or 2.73%. For the last week the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MITT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect AG Mortgage Investment Trust Inc to open at $5.55, and during the day (based on 14 day Average True Range), to move between $5.38 and $5.64, which gives a possible trading interval of +/-$0.135 (+/-2.44%) up or down from last closing price. If AG Mortgage Investment Trust Inc takes out the full calculated possible swing range there will be an estimated 4.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.50 (0.18%) than the resistance at $5.83 (5.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
AG Mortgage Investment Trust Inc will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.150. We will update the financials statements for AG Mortgage Investment Trust Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.36% in the first trading day after earnings release.
Is AG Mortgage Investment Trust Inc stock A Buy?
AG Mortgage Investment Trust Inc 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: -1.423 Sell Candidate Unchanged
Predicted Opening Price for AG Mortgage Investment Trust Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $5.55 ( 0.786%) | $5.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MITT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.70 | 3.51 % | |
| R2 | 5.65 | 2.47 % | ||
| R1 | 5.61 | 1.83 % | ||
| Current price: | 5.51 | |||
| Support | S1 | 5.50 | -0.253 % | |
| S2 | 5.46 | -0.90 % | ||
| S3 | 5.40 | -1.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.12 | 11.07 % | |
| R2 | 6.07 | 10.16 % | ||
| R1 | 5.83 | 5.81 % | ||
| Current price | 5.51 | |||
| Support | S1 | 5.50 | -0.181% | |
| S2 | 5.46 | -0.91% | ||
| S3 | 0 | . |
MITT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.180 | 3.27% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.0500 | 0.80% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Jan 02, 2024 | $0.0500 | 0.81% |
| 4 | Oct 24, 2023 | Nov 02, 2023 | Nov 08, 2023 | $0.0800 | 1.52% |
| 5 | Sep 15, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.180 | 3.57% |
FAQ
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