Help us make better tools for you!. Read more (Published: 2017-01-12)

ORC - Orchid Island Capital Inc Fri 13'th Jan 2017

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Buy Candidate

Score: 3.84

#1232 of 5193
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 79.31%
Risk: Medium
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Stock analysis for Fri 13'th Jan 2017 (Updated daily)

Buy candidate since 2017-01-13

Orchid Island Capital Inc Stock Analysis


Orchid Island Capital Inc gained 0.79% in the last trading day rising from, USD 11.34 to USD 11.43. The price has risen in 6 of the last 10 days days and is up by 4.57% over the past 2 weeks. Volume fell in the last day by -279 790 shares and ,in total, 555 982 shares bought and sold for approximately USD 6.35 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Orchid Island Capital Inc lays in the upper part of a weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at USD 11.61 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.6% during the next 3 months and, with 90% probability will hold a price between USD 11.03 and USD 12.26 at the end of this period.

Signals

Only positive signals in the chart today. Orchid Island Capital Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 11.34 and USD 10.90. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 12, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Tuesday December 06, 2016 for the short-term and also have Golden Star Signal for the mediumterm dated Thursday September 15, 2016.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside the stock finds support just below today's level from accumulated volume at USD 10.80 and USD 10.79 On the upside the stock meets some resistance just above today's level from accumulated volume at USD 11.59.

There is natural risk involved when a stock is testing a support level, as if this is broken the stock may fall to the next support level. In this case Orchid Island Capital Inc finds support just below today's level at 10.80. If this is broken the next support from accumulated volume will be at 10.79 and 10.47. The stock is about to test the resistance at USD 11.59. If this level is broken the stock may move faster and we often see a peak at the end of such a break, posing a good sales opportunity as in 90% of the cases you will get a reaction back to the level broken before new gains. A break should be followed by increasing volume else the break may be false and despite a break of the actual resistance level the stock falls back fairly soon.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day the stock moved USD 0.25 between high and low, and this equals 2.23%. For the last week, the stock has had a daily average volatility of 2.36%.

Our recommended stoploss: USD 10.88 (-4.81%) ( criteria: risk and position in trend)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate


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