CIM - Chimera Investment Corporation

Industry: REIT - Diversified Sector: Financial

Buy Candidate
Fri 21'st Apr 2017

VOLUME
Sell
TREND
Buy
MV LONG
Buy
MV SHORT
Sell
PIVOT
Buy
MACD
Sell
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Chimera Investment Corporation Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Buy candidate since 2017-04-21

Chimera Investment Corporation gained 0.15% in the last trading day, rising from USD 20.46 to USD 20.49 The price has risen in 6 of the last 10 days and is up by 1.24% over the past 2 weeks. Volume fell in the last day by -0.71 million shares, and in total, 1.27 million shares bought and sold for approximately USD 25.92 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

Chimera Investment Corporation lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.3% during the next 3 months and, with 90% probability hold a price between USD 24.00 and USD 24.97 at the end of this period.

Signals

Only positive signals in the chart today. Chimera Investment Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 20.57. On a fall, the stock will find some support from the long-term average at approximately USD 19.96. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday April 20, 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.

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Support & Resistance

Chimera Investment Corporation finds support from accumulated volume at USD 20.24, USD 19.21, and USD 18.71. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 20.83, USD 20.69 and USD 20.52.

The stock is about to test the resistance from accumulated volume at USD 20.83 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 0.20 (0.98%) between high and low. For the last week, the stock has had a daily average volatility of 1.57%.

Our recommended stoploss: USD 19.39 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

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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