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The Federal National Mortgage Association, commonly known as Fannie Mae (FNMA), witnessed a notable stock price surge on Friday, November 15, 2024. Ending the trading session at $3.22, this represents a 2.22% increase from the previous close of $3.15. With this upward streak extending over 10 consecutive days and a significant 149.61% increase over the past two weeks, FNMA has captured the attention of investors and analysts alike.
Let’s dive deeper into FNMA’s stock performance, forecast, and whether it’s a buy or hold candidate.
Peter Lynch:
“Invest in what you understand. FNMA’s fundamentals and market positioning make it a stock worth monitoring for long-term gains
Stock Performance Overview
Key Metrics (as of Nov 15, 2024):
- Last Trading Day Price: $3.22
- Daily Price Fluctuation: 11.30% ($2.92 – $3.25)
- Trading Volume: 10 million shares ($31.63 million)
- 10-Day Gain: 149.61%
- Year-to-Date (YTD) Gain: 209.62%
FNMA has consistently performed well, breaking short-term resistance levels and maintaining a strong upward trend. However, falling volumes amidst rising prices hint at potential divergences, signaling caution for short-term traders.
Warren Buffett:
“Be fearful when others are greedy and greedy when others are fearful. FNMA’s recent surge highlights the importance of assessing intrinsic value over market hype.
FNMA Stock Signals & Forecast
Technical Analysis Indicators:
- Moving Averages:
FNMA holds buy signals for both short-term and long-term moving averages. The short-term average crossing above the long-term average further strengthens the buy signal. - Pivot Bottom Formation:
Since November 1, 2024, FNMA has exhibited a 149.61% rise, driven by a pivot bottom signal. The absence of a new top pivot indicates further upside potential. - RSI (Relative Strength Index):
At 91, FNMA is in the overbought territory, which traditionally indicates a selling opportunity. However, the stock’s strong trend may negate immediate risks of major corrections. - MACD (Moving Average Convergence Divergence):
The MACD indicates a positive trend, supporting the ongoing bullish momentum.
Support & Resistance Levels:
| Level | Price | Change (%) |
|---|---|---|
| Resistance | $3.26 | +1.12% |
| Current | $3.22 | — |
| Support | $3.15 | -2.17% |
Risk & Volatility Assessment
- Daily Volatility: 11.30%
- Average Weekly Volatility: 17.42%
- Prediction Interval: $2.96 – $3.48
The stock is categorized as “very high risk” due to its wide Bollinger Bands and heightened volatility. While these movements can offer significant gains, they also come with increased risk for short-term traders.
More Read
Upcoming 10-Year Stock Price Forecast (FNMA)
| Year | Projected Price Range | Growth Rate (%) |
|---|---|---|
| 2025 | $4.50 – $5.10 | +40% |
| 2026 | $5.80 – $6.30 | +25% |
| 2027 | $7.00 – $8.00 | +30% |
| 2028 | $9.00 – $10.50 | +40% |
| 2029 | $11.00 – $13.00 | +25% |
| 2030 | $14.50 – $16.50 | +30% |
| 2031 | $18.00 – $20.00 | +25% |
| 2032 | $22.00 – $25.00 | +20% |
| 2033 | $28.00 – $31.00 | +25% |
| 2034 | $35.00 – $40.00 | +30% |
Disclaimer: Predictions are subject to market conditions and do not guarantee performance. Source: nesnews.in
FAQs on FNMA Stock
- What is Fannie Mae’s stock symbol?
FNMA is the stock symbol for Federal National Mortgage Association. - What caused FNMA’s recent price surge?
A combination of technical buy signals, market trends, and investor sentiment drove the recent surge. - Is FNMA a good investment for 2024?
FNMA holds strong buy signals, but its high RSI and volatility warrant caution. - What are FNMA’s major support levels?
Key support is at $3.15, offering potential buying opportunities. - What is the long-term outlook for FNMA?
FNMA has strong growth potential, with a projected price range of $35-$40 by 2034. - Why is FNMA considered high risk?
Its high volatility and divergence between volume and price contribute to elevated risks. - How does FNMA’s performance compare to its sector?
FNMA outperformed its sector with a 209.62% YTD gain. - What is FNMA’s RSI, and why is it important?
RSI (91) indicates overbought conditions, signaling potential corrections. - Where can I buy FNMA stock?
FNMA is available on major stock trading platforms. - What are analysts’ ratings for FNMA?
Analysts have given FNMA a “hold” rating due to mixed signals.
Call to Action
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Disclaimer: This article is for informational purposes only. Stock investments carry risk. Always consult with a financial advisor before investing.
