IVR - INVESCO MORTGAGE CAPITAL INC Fri 24'th Mar 2017
INVESCO MORTGAGE CAPITAL INC Stock Analysis
Stock analysis for Fri 24'th Mar 2017 (Updated daily) Sell candidate since 2017-03-23
INVESCO MORTGAGE CAPITAL INC fell by -1.39% in the last day, from USD 15.11 to USD 14.90. , and has now fallen 3 day in a row The price has fallen in 5 of the last 10 days and is down by -0.53% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -324 285 shares and in total, 889 604 shares bought and sold for approx. USD 13.26 million.
INVESCO MORTGAGE CAPITAL INC has broken the weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at (USD 14.99 ). A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. INVESCO MORTGAGE CAPITAL INC holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at USD 15.33 and USD 15.27. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday February 21, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* 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 41 and the stock is currently not being overbought or oversold
Support & Resistance
INVESCO MORTGAGE CAPITAL INC finds support from accumulated volume at USD 14.89, USD 14.81, and USD 14.79. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 15.57, USD 15.31 and USD 15.24.
The stock is about to test the resistance from accumulated volume at USD 15.57 and this may cause the stock to take a minor break or get into a more sideways move for a few 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 0.27 (1.81%) between high and low. For the last week, the stock has had a daily average volatility of 1.97%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
The stockstock holds several negative signals and despite the positive trend we believe INVESCO MORTGAGE CAPITAL INC to perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.