Fannie Mae-No Politics (FNMA)

[Spicoli]

Technical Event
Outlook - Fannie Mae ST: as long as 3 is support look for 5.13
Short Term View: Limited Rise
RiseLimited RiseConLimited DeclineDecline
Recent Technical Change
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Medium Term View: Bullish
BullishRangeBearish
Recent Technical Change
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Our pivot point is at 3.

Our preference: as long as 3 is support look for 5.13.

Alternative scenario: the downside breakout of 3 would call for 2.23 and 1.77.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day MA (3.75) but above its 50 day MA (3.09).

Supports and resistances:

6.07 **

5.6 *

5.13 **

4.65

3.63 (USD-last)

3.31

3 **

2.23 *

1.77 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-10-2019 at 18:55 UTC+1

Price reference: 3.63 last known on 10-10-2019 at 18:55 UTC+1

Investment horizon: ST

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