American Capital Mortgage Investment Fund Forecast
American Capital Mortgage Investment fund price ended at $19.80 on Friday, after losing 0%.
(Updated on Sep 28, 2018)
No changes to the price of American Capital Mortgage Investment fund on the last trading day (Friday, 28th Sep 2018). During the last trading day the fund fluctuated 0% from a day low at $19.80 to a day high of $19.80. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect American Capital Mortgage Investment fund with a 90% probability to be traded between $19.73 and $20.24 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MTGE Signals & Forecast
There are mixed signals in the fund today. The American Capital Mortgage Investment fund 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 $19.80 and $19.85. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, August 31, 2018, and so far it has risen 1.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The fund had a Golden Star Signal on Thursday, July 26, 2018 in the short-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 fund in question.
Support, Risk & Stop-loss for American Capital Mortgage Investment fund
American Capital Mortgage Investment finds support from accumulated volume at $19.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $18.62 (-5.98%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (MTGE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect American Capital Mortgage Investment Corp. to open at $19.80, and during the day (based on 14 day Average True Range), to move between $19.75 and $19.85, which gives a possible trading interval of +/-$0.0471 (+/-0.24%) up or down from last closing price. If American Capital Mortgage Investment Corp. takes out the full calculated possible swing range there will be an estimated 0.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.85 (0.25%) than the support at $19.75 (0.25%), 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 American Capital Mortgage Investment Corp. fund A Buy?
American Capital Mortgage Investment holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.200 Hold/Accumulate Unchanged
Predicted Opening Price for American Capital Mortgage Investment Corp. of Monday, October 1, 2018
| Fair opening price October 1, 2018 | Current price |
|---|---|
| $19.80 ( 0%) | $19.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTGE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.80 | . | |
| R2 | 19.80 | . | ||
| R1 | 19.80 | . | ||
| Current price: | 19.80 | |||
| Support | S1 | 19.80 | . | |
| S2 | 19.80 | . | ||
| S3 | 19.80 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.10 | 1.52 % | |
| R2 | 19.95 | 0.758 % | ||
| R1 | 19.85 | 0.253 % | ||
| Current price | 19.80 | |||
| Support | S1 | 19.75 | -0.253% | |
| S2 | 19.70 | -0.505% | ||
| S3 | 19.60 | -1.01% |
FAQ
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