Five Oaks Investment Corp Fund Forecast
Five Oaks Investment Corp fund downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 06, 2018)
No changes to the price of Five Oaks Investment Corp fund on the last trading day (Wednesday, 6th Jun 2018). During the last trading day the fund fluctuated 0% from a day low at $3.44 to a day high of $3.44. The price has been going up and down for this period, and there has been a 2.99% gain for the last 2 weeks.
The fund lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 3.57% during the next 3 months and, with a 90% probability hold a price between $2.90 and $3.83 at the end of this 3-month period.
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OAKS Signals & Forecast
The Five Oaks Investment Corp fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $3.44 and $3.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 05, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Five Oaks Investment Corp fund
On the downside, the fund finds support just below today's level from accumulated volume at $3.21 and $2.83. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Five Oaks Investment Corp finds support just below today's level at $3.21. If this is broken, then the next support from accumulated volume will be at $2.83 and $2.82.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OAKS) For The Upcoming Trading Day Of Thursday 7th
For the upcoming trading day on Thursday, 7th we expect Five Oaks Investment Corp to open at $3.44, and during the day (based on 14 day Average True Range), to move between $3.39 and $3.49, which gives a possible trading interval of +/-$0.0472 (+/-1.37%) up or down from last closing price. If Five Oaks Investment Corp takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.45 (0.29%) than the support at $3.21 (6.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Five Oaks Investment Corp fund A Buy?
Five Oaks Investment Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.760 Sell Candidate Downgraded
Predicted Opening Price for Five Oaks Investment Corp of Thursday, June 7, 2018
Fair opening price June 7, 2018 | Current price |
---|---|
$3.44 ( 0%) | $3.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OAKS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.44 | . | |
R2 | 3.44 | . | ||
R1 | 3.44 | . | ||
Current price: | 3.44 | |||
Support | S1 | 3.44 | . | |
S2 | 3.44 | . | ||
S3 | 3.44 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.58 | 4.07 % | |
R2 | 3.48 | 1.16 % | ||
R1 | 3.45 | 0.291 % | ||
Current price | 3.44 | |||
Support | S1 | 3.21 | -6.69% | |
S2 | 2.83 | -17.73% | ||
S3 | 2.82 | -18.02% |
FAQ
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