Annaly Capital Stock Forecast
Annaly Capital stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)
The Annaly Capital stock price gained 1.29% on the last trading day (Thursday, 28th Mar 2024), rising from $19.44 to $19.69. During the last trading day the stock fluctuated 1.65% from a day low at $19.40 to a day high of $19.72. The price has risen in 6 of the last 10 days and is up by 1.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 66 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $64.51 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Annaly Capital stock with a 90% probability to be traded between $18.91 and $20.53 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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NLY Signals & Forecast
The Annaly Capital 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 $19.83. On a fall, the stock will find some support from the long-term average at approximately $19.27. 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. Volume is rising along with the price. This is considered to be a good technical 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 Monday, March 25, 2024, and so far it has fallen -2.14%. 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).
Support, Risk & Stop-loss for Annaly Capital stock
Annaly Capital finds support from accumulated volume at $19.64 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 $0.320 between high and low, or 1.65%. For the last week the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: $18.76 (-4.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (NLY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Annaly Capital Management Inc to open at $19.60, and during the day (based on 14 day Average True Range), to move between $19.34 and $20.04, which gives a possible trading interval of +/-$0.345 (+/-1.75%) up or down from last closing price. If Annaly Capital Management Inc takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.73 (0.20%) than the support at $19.64 (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 Annaly Capital Management Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Annaly Capital stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.329 Buy Candidate Upgraded
Predicted Opening Price for Annaly Capital Management Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$19.60 ( 0.440%) | $19.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NLY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.92 | 1.19 % | |
R2 | 19.80 | 0.564 % | ||
R1 | 19.73 | 0.181 % | ||
Current price: | 19.69 | |||
Support | S1 | 19.48 | -1.06 % | |
S2 | 19.41 | -1.44 % | ||
S3 | 19.28 | -2.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.91 | 1.12 % | |
R2 | 19.85 | 0.81 % | ||
R1 | 19.73 | 0.203 % | ||
Current price | 19.69 | |||
Support | S1 | 19.64 | -0.254% | |
S2 | 19.48 | -1.07% | ||
S3 | 19.26 | -2.18% |
NLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.650 | 3.30% |
2 | Dec 07, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.650 | 3.39% |
3 | Sep 07, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.650 | 4.16% |
4 | Jun 07, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.650 | 3.24% |
5 | Mar 14, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.650 | 3.25% |
FAQ
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