Industry: REIT - Diversified Sector: Financial

Fri 23'rd Jun 2017

2017-03-24 - 2017-06-23
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Technical stock analysis for Fri 23'rd Jun 2017

Hold candidate since 2017-06-23

INVESCO MORTGAGE CAPITAL INC fell by -1.87% in the last day, from USD 17.07 to USD 16.75 The price has risen in 8 of the last 10 days and is up by 1.09% over the past 2 weeks. Volume has increased in the last day by 0.98 million shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.18 million shares bought and sold for approximately USD 36.54 million.


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 9.2% during the next 3 months and, with 90% probability hold a price between USD 17.71 and USD 19.04 at the end of this period.


There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday June 20, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. INVESCO MORTGAGE CAPITAL INC holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 17.01. On a fall, the stock will find some support from the long-term average at approximately USD 16.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

The stock had a Golden Star Signal* on Monday December 05, 2016 in the mediumterm chart.

* 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

On the downside, the stock finds support just below today's level from accumulated volume at USD 15.82 and USD 15.66. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 17.05, USD 17.08 and USD 17.07.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, INVESCO MORTGAGE CAPITAL INC finds support just below today's level at 15.82. If this is broken, then the next support from accumulated volume will be at 15.66 and 15.64. The stock is about to test the resistance from accumulated volume at USD 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 USD 0.17 (1.02%) between high and low. For the last week, the stock has had a daily average volatility of 1.61%.

Our recommended stoploss: USD 15.97 (-4.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)


INVESCO MORTGAGE CAPITAL INC holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.


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