OCN Forecast and Technical Stock Analysis
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.
- 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.
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.
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.
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.
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
Very Low Low Medium High Very High
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.
|OCN $1.46 ($0.07 5.04%)|
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