By InvestMacro.com | #stocks #AGNC #REIT #mortgage
AGNC Investment Corp. End of Day Update: October 06 2022
The AGNC Investment Corp. (AGNC) stock finished the day with a slide of -2.18 percent, closing the day around the 8.315 price level, according to unofficial data at the New York close.
AGNC, a Real Estate Investment Trust (REIT) that specializes in mortgage-backed securities, opened the day trading at 8.49 with the high of the day being 8.555 and the low of the day at 8.1.
AGNC, like most REITs, has been on a downtrend due to higher interest rates and trades well below its 20-day and 200-day moving averages. Today’s drop marked the lowest trading level since the pandemic low in March of 2020.
The AGNC RSI level is Bearish-Oversold
The Relative Strength Index, an indicator that can indicate overbought (above 70) and oversold levels (below 30), shows that the current RSI score is at 23.2 for a Bearish-Oversold reading on the daily time-frame.
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AGNC Price Trends
The AGNC is now down by -22.79 percent over the past 10 days while seeing a fall by -32.28 over the past 30 days. The 90-day change is -29.82 while the 180-day return and the 365-day return are -40.35 and -46.38, respectively.
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