Previous Hold Today OCN ranks #1951 as HOLD CANDIDATE #1951 Next Hold

OCN stock forecast Ocwen Financial Corporation

OCN stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

OCN Forecast and Technical Stock Analysis

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Hold candidate since 2019-08-16

Ocwen Financial Corporation gained 5.04% in the last trading day ( Friday, 16th Aug 2019 ), rising from $1.39 to $1.46 During the day the stock fluctuated 12.23% from a day low at $1.39 to a day high of $1.56. The price has fallen in 7 of the last 10 days and is down by -18.89% for this period. Volume fell in the last day by -293 992 shares and in total, 600 280 shares bought and sold for approximately $876 409.00. 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.

Quick summary:

  • 30 day high of the OCN stock price was $2.12 and low was $1.24.
  • 90 day high was $2.23 and low was $1.24.
  • 52 week high for Ocwen Financial Corporation - $4.35 and low - $1.20.
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Trend

Ocwen Financial Corporation lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.28 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.95% during the next 3 months and, with 90% probability hold a price between $1.33 and $2.31 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday August 15, 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 a buy signal 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 $1.88. On a fall, the stock will find some support from the short-term average at $1.44. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 30 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Ocwen Financial Corporation finds support from accumulated volume at $1.45.

Support: $1.45 Price: $1.46 Resistance: $1.62

Risk

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 $0.17 between high and low, or 12.23%. For the last week the stock has had a daily average volatility of 15.06%.

Our recommended stop-loss: $1.38 (-5.70%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

15.06 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Ocwen Financial Corporation 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 further development. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate.

Previous Hold Today OCN ranks #1951 as HOLD CANDIDATE #1951 Next Hold

Will OCN stock price go up or down on Mon, 19 Aug 2019?

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