Fri 20'th Apr 2018
INVESCO MORTGAGE CAPITAL INC Stock Analysis
Technical stock analysis for Fri 20'th Apr 2018
INVESCO MORTGAGE CAPITAL INC gained 0.37% in the last trading day, rising from $16.13 to $16.19 The price has fallen in 5 of the last 10 days and is down by -1.4% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.35 million more shares were traded than the day before. In total, 1.10 million shares bought and sold for approximately $17.80 million.
|Shorts||2.48% ( 2018-03-29 )|
Given the current horizontal trend you can expect INVESCO MORTGAGE CAPITAL INC with 90% probability to be traded between $15.04 and $16.34 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Friday April 13, 2018, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. INVESCO MORTGAGE CAPITAL INC holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $16.25. On a fall, the stock will find some support from the short-term average at $16.16. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
INVESCO MORTGAGE CAPITAL INC finds support from accumulated volume at $16.06. On the upside the stock meets some resistance just above today's level from accumulated volume at $16.24, $16.35 and $16.51.
The stock is about to test the resistance from accumulated volume at $16.24 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 $0.16 (1.00%) between high and low. For the last week, the stock has had a daily average volatility of 0.99%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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