Buy Score Rank #149 out of #5176
Fri 18'th Aug 2017
INVESCO MORTGAGE CAPITAL INC Stock Analysis
Technical stock analysis for Fri 18'th Aug 2017
Buy candidate since 2017-08-03 Gain 2.22%
INVESCO MORTGAGE CAPITAL INC lies in the middle of a weak 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 4.08% during the next 3 months and, with 90% probability hold a price between $17.38 and $18.30 at the end of this period.
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 $17.00 and $16.76. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday August 16, 2017, which indicates further falls until a new bottom pivot has been found.
* 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 67 and the stock is currently not being overbought or oversold
Support & Resistance
INVESCO MORTGAGE CAPITAL INC finds support from accumulated volume at $16.83. On the upside the stock meets some resistance just above today's level from accumulated volume at $17.05, $17.07 and $17.08.
The stock is about to test the resistance from accumulated volume at $17.05 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 $0.19 (1.13%) between high and low. For the last week, the stock has had a daily average volatility of 1.06%.
Our recommended stoploss: $16.37 (-3.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
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.
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