IVR - INVESCO MORTGAGE CAPITAL INC

Industry: REIT - Diversified Sector: Financial Exchange: NYSE

IVR - INVESCO MORTGAGE CAPITAL INC

Industry: REIT - Diversified Sector: Financial Exchange: NYSE
#175/#4902

Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE 0.56%
PRICE $17.95
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Request Prediction
0.00%
Predict

INVESCO MORTGAGE CAPITAL INC Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Buy candidate since 2017-10-06 Gain 4.66%

INVESCO MORTGAGE CAPITAL INC gained 0.56% in the last trading day, rising from $17.85 to $17.95 , and has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 9 of the last 10 days and is up by 3.28% over the past 2 weeks. Volume fell in the last day by -388 970 shares, and in total, 554 571 shares bought and sold for approximately $9.95 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

INVESCO MORTGAGE CAPITAL INC has broken the narrow and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $17.72, a level that may pose a second chance to hit a runner. According to fan-theory $18.48 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Signals

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 $17.67 and $17.16. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday September 26, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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)

The stock holds a RSI14 at 82 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

INVESCO MORTGAGE CAPITAL INC finds support from accumulated volume at $17.10. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Support: $17.10 Price: $17.95

Risk

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 (0.90%) between high and low. For the last week, the stock has had a daily average volatility of 0.79%.

The stock is extremely overbought on RSI14 (82). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the INVESCO MORTGAGE CAPITAL INC has been rising for 10 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $17.12 (-4.64%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from pivot bottom found 17 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

INVESCO MORTGAGE CAPITAL INC holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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).

Help StockInvest improve by answering this short survey clicking HERE.

Build Your Watchlist

Add IVR My Watchlist

Recommended
books of the week

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

Sign up to get FREE access to awesome features

START FREE 5-DAY TRIAL
START FREE 5-DAY TRIAL