Ocwen Financial Corporation Forecast and Stock Analysis
Technical OCN stock analysis for Friday May 24, 2019.
|Shorts||8.65% ( 2019-04-15 )|
|Price to book||USD 0.42|
|Next Earnings Date||2019-08-01|
No changes to the price of Ocwen Financial Corporation in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $1.63 to a day high of $1.63. The price has fallen in 5 of the last 10 days and is down by -12.83% for this period.
- 30 day high of the OCN stock price was $1.95 and low was $1.58.
- 90 day high was $2.28 and low was $1.58.
- 52 week high for the Ocwen Financial Corporation - $4.70 and low - $1.20.
Ocwen Financial Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.06% during the next 3 months and, with 90% probability hold a price between $1.29 and $1.54 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 22, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Ocwen Financial Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $1.67 and $1.82. A break-up above any of these levels will issue buy signals. 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.
Relative Strength Index (RSI)
RSI14 is 42 and the stock is currently not being overbought or oversold
Support & Resistance
Ocwen Financial Corporation finds support from accumulated volume at $1.61.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 4.69%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.69 %Average volatility
Very Low Low Medium High Very High
Ocwen Financial Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|OCN $1.63 ($0.00 0.00%)|
OCN is down $0.00 today, but where's it headed in 2019?
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