Wed 13'th Dec 2017
INVESCO MORTGAGE CAPITAL INC Stock Analysis
Technical stock analysis for Wed 13'th Dec 2017
|Shorts||1.85% ( 2017-11-15 )|
INVESCO MORTGAGE CAPITAL INC lies 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 $18.55 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.63% during the next 3 months and, with 90% probability hold a price between $18.02 and $19.59 at the end of this period.
Only positive signals in the chart today. INVESCO MORTGAGE 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 $18.24 and $17.58. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 12, 2017, 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)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
INVESCO MORTGAGE CAPITAL INC finds support from accumulated volume at $18.13. On the upside the stock meets some resistance just above today's level from accumulated volume at $18.40.
The stock is about to test the resistance from accumulated volume at $18.40 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 $0.42 (2.33%) between high and low. For the last week, the stock has had a daily average volatility of 1.42%.
Our recommended stoploss: $17.33 (-5.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
INVESCO MORTGAGE CAPITAL INC holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.
Buy IVR CFDs with Plus500
Your capital is at risk.
Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Access these features
Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder