CIM - Chimera Investment Corporation

Industry: REIT - Diversified Sector: Financial | Exchange: NYSE

Hold/Accumulate
Buy Score Rank #2742 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
0.32%
PRICE
$18.62
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

BOLLINGER
Sell
Request Prediction
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Chimera Investment Corporation Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Hold candidate since 2017-07-25 Gain 0.32%

Chimera Investment Corporation gained 0.32% in the last trading day, rising from $18.56 to $18.62 The price has risen in 6 of the last 10 days , but is still down by -0.85% for this period. Volume fell in the last day by -495 372 shares, and in total, 923 614 shares bought and sold for approximately $17.20 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Given the current horizontal trend you can expect Chimera Investment Corporation with 90% probability to be traded between $17.60 and $19.64 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

A buy signal was issued from a pivot bottom point on Tuesday July 25, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Chimera Investment Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $18.92. On a fall, the stock will find some support from the short-term average at $18.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

A buy signal from a double bottom formation was found on Tuesday July 18, 2017 and based on theory for this formation the price should go up by 0.42% to $18.87 within 3 trading days since signal was issued (Friday July 21, 2017).

Relative Strength Index (RSI)

RSI14 is 46 and the stock is currently not being overbought or oversold

Support & Resistance

Chimera Investment Corporation finds support from accumulated volume at . On the upside the stock meets some resistance just above today's level from accumulated volume at $19.39, $18.71 and $19.21.

The stock is about to test the resistance from accumulated volume at $19.39 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $18.60 Price: $18.62 Resistance: $19.39
S: $18.60 Price: $18.62 R: $19.39

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 $0.16 (0.86%) between high and low. For the last week, the stock has had a daily average volatility of 1.22%.

Our recommended stoploss: $17.58 (-5.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Chimera Investment Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate

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