ORC - Orchid Island Capital Inc

Buy Candidate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
1.36%
PRICE
$10.40
VOLUME
Sell
TREND
Buy
MV LONG
Sell
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
Request Prediction
0.00%
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Orchid Island Capital Inc Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Buy candidate since 2017-05-23

Orchid Island Capital Inc gained 1.36% in the last trading day, rising from USD 10.26 to USD 10.40 The price has been going up and down for this period, and there has been a 0.58% gain for the last 2 weeks. Volume fell in the last day by -0.09 million shares, and in total, 1.16 million shares bought and sold for approximately USD 12.07 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

Orchid Island Capital Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 10.24 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 11.2% during the next 3 months and, with 90% probability hold a price between USD 11.39 and USD 12.78 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Tuesday May 09, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Orchid Island Capital Inc holds a buysignal 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 salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 10.49. On a fall, the stock will find some support from the short-term average at USD 10.33. 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.

The stock had a Golden Star Signal* on Thursday September 15, 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)

RSI14 is 36 and the stock is currently not being overbought or oversold

Support & Resistance

Orchid Island Capital Inc finds support from accumulated volume at USD 10.11, USD 10.10, and USD 10.04. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 10.60, USD 10.73 and USD 10.41.

The stock is about to test the resistance from accumulated volume at USD 10.60 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.12 (1.17%) between high and low. For the last week, the stock has had a daily average volatility of 1.17%.

Our recommended stoploss: USD 9.78 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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