CIM - Chimera Investment Corporation Tue 24'th Jan 2017
Strong Buy Candidate
Stock analysis for Tue 24'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-18
Chimera Investment Corporation Stock Analysis
Chimera Investment Corporation gained 0.91% in the last trading day, rising from USD 17.63 to USD 17.79. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days days and is up by 4.1% over the past 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 0.73 million more shares were traded than the day before. In total, 1.66 million shares bought and sold for approximately USD 29.50 million.
Chimera Investment Corporation lies in the middle of a 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 11.0% during the next 3 months and, with 90% probability hold a price between USD 19.03 and USD 20.49 at the end of this period.
Only positive signals in the chart today. Chimera Investment Corporation 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 17.53 and USD 17.32. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday December 15, 2016, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Chimera Investment Corporation finds support from accumulated volume at USD 17.57, USD 17.19, and USD 16.65. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.
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 0.35 (1.99%) between high and low. For the last week, the stock has had a daily average volatility of 1.33%.
Our recommended stoploss: USD 16.76 (-5.79%) ( criteria: risk and closeness to support from trendline.)
Chimera Investment Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at current levels and are expecting further gains during the next 3 months.