Support, Risk & Stop-loss for Fannie Mae stock
On the downside, the stock finds support just below the level from accumulated volume
at $1.14 and $1.10. There is a natural risk involved when a stock is testing a support level,
since if this is broken, the stock then may fall to the next support level. In this case,
Fannie Mae finds support just below today's level at $1.14. If this is broken, then the next
support from accumulated volume will be at $1.10 and $1.07.
This stock has average movements during the day and with good trading volume, the risk
is considered to be medium. During the last day, the stock moved $0.0450 between high
and low, or 3.60%. For the last week, the stock has had daily average volatility of 5.05%.
Our recommended stop-loss: $1.21 (-4.74%) (This stock has medium daily movements
and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (FNMA) For The Upcoming Trading Day Of Tuesday 20th
For the upcoming trading day on Tuesday, 20th we expect FNMA to open at $1.27, and
during the day (based on 14 day Average True Range), to move between $1.18 and $1.36,
which gives a possible trading interval of +/-$0.0900 (+/-7.09%) up or down from last
closing price. If Federal National Mortgage Association takes out the full calculated
possible swing range there will be an estimated 14.18% move between the lowest and
the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.35 (6.30%)
than the support at $1.14 (10.24%), 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.
Support, Risk & Stop-loss for FMCC stock
Federal Home Loan Mortgage Corp finds support from accumulated volume at $1.05
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 $0.0400 between high
and low, or 3.81%. For the last week the stock has had daily average volatility of 5.24%.
Our recommended stop-loss: $1.01 (-4.73%) (This stock has medium daily movements
and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (FMCC) For The Upcoming Trading Day Of Tuesday 20th
For the upcoming trading day on Tuesday, 20th we expect FMCC to open at $1.07, and
during the day (based on 14 day Average True Range), to move between $0.99 and $1.13,
which gives a possible trading interval of +/-$0.0705 (+/-6.65%) up or down from last
closing price. If Federal Home Loan Mortgage Corp takes out the full calculated possible
swing range there will be an estimated 13.30% move between the lowest and the highest
trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.05 (0.94%) than the
resistance at $1.09 (2.83%), our systems sees the trading risk/reward intra-day as attractive
and believe profit can be made before the stock reaches first resistance..
Bullish
