Federal National Mortgage Association (OTC:FNMA) Technical Analysis

Federal National Mortgage Association (OTC:FNMA) Technical Analysis

Federal National Mortgage Association (OTC:FNMA) Technical Analysis

Overall, the bias in prices is: Upwards.

The projected upper bound is: 3.10.

The projected lower bound is: 2.56.

The projected closing price is: 2.83.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 24 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 85.2459. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 48.22. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 29 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -2. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 17 period(s) ago.

Rex Takasugi – TD Profile

FANNIE MAE closed down -0.015 at 2.825. Volume was 77% below average (consolidating) and Bollinger Bands were 3% wider than normal.

Open High Low Close Volume___
2.860 2.860 2.800 2.825 1,131,034

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period     50-period     200-period
Close: 2.78 2.79 2.13
Volatility: 38 60 88
Volume: 2,415,252 4,664,967 5,677,241

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FANNIE MAE is currently 32.3% above its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of FNMA.PK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FNMA.PK and have had this outlook for the last 8 periods.

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