Will fmcc go up tomorrow

**Federal Home Loan Mortgage Corporation (FMCC) is not likely to experience a significant increase in its stock price tomorrow.** Here's the analysis to support this conclusion: 1. **Short-term Trend Forecast**: The short-term trend forecast for FMCC is not available, but the stock has shown volatility. The 5-day moving average is $1.14, and the 10-day moving average is $1.22, both of which are below the current trading price, indicating a potential for a pullback. 2. **Recent Performance**: The stock has been trading below its 50-day and 200-day moving averages, which are $1.21 and $1.3, respectively. This could suggest a bearish trend in the short term. 3. **Market Conditions**: The broader mortgage market and the housing market's conditions could influence FMCC's stock price. The 30-year fixed-rate mortgage average has recently dropped to 6.35%, which could indicate a potential for increased mortgage origination and potentially benefit FMCC. 4. **Earnings and Financial Performance**: FMCC reported Q2 EPS of $0.00, which was $0.72 worse than the analyst estimate. The company's net income decreased by $179 million or 6% year-over-year, which could be a concern for investors. In conclusion, while there is some potential for FMCC's stock price to rise based on the recent drop in mortgage rates, the current short-term trend, recent performance, and financial performance indicators do not strongly suggest a significant upward movement in the stock price tomorrow.