Orchid Island Capital Stock Forecast
Orchid Island Capital stock price up 1.02% on Thursday
(Updated on Mar 28, 2024)
The Orchid Island Capital stock price gained 1.02% on the last trading day (Thursday, 28th Mar 2024), rising from $8.84 to $8.93. During the last trading day the stock fluctuated 1.64% from a day low at $8.82 to a day high of $8.97. The price has risen in 9 of the last 10 days and is up by 4.32% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 217 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $12.68 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $9.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.22% during the next 3 months and, with a 90% probability hold a price between $8.43 and $9.50 at the end of this 3-month period.
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ORC Signals & Forecast
The Orchid Island Capital stock 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 $8.90 and $8.55. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, March 25, 2024, and so far it has fallen -0.778%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Orchid Island Capital stock
Orchid Island Capital finds support from accumulated volume at $8.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.145 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: $8.57 (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ORC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Orchid Island Capital Inc to open at $8.91, and during the day (based on 14 day Average True Range), to move between $8.74 and $9.12, which gives a possible trading interval of +/-$0.187 (+/-2.09%) up or down from last closing price. If Orchid Island Capital Inc takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.95 (0.22%) than the support at $8.58 (3.92%), 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 Orchid Island Capital Inc stock A Buy?
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 Orchid Island Capital stock to perform well in the short-term.
Current score: 1.472 Buy Candidate Unchanged
Predicted Opening Price for Orchid Island Capital Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$8.91 ( 0.280%) | $8.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.05 | 1.34 % | |
R2 | 8.99 | 0.724 % | ||
R1 | 8.96 | 0.340 % | ||
Current price: | 8.93 | |||
Support | S1 | 8.85 | -0.90 % | |
S2 | 8.82 | -1.28 % | ||
S3 | 8.76 | -1.90 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 9.00 | 0.784 % | ||
R1 | 8.95 | 0.224 % | ||
Current price | 8.93 | |||
Support | S1 | 8.58 | -3.92% | |
S2 | 8.47 | -5.15% | ||
S3 | 7.98 | -10.64% |
ORC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.120 | 1.34% |
2 | Feb 28, 2024 | Feb 28, 2024 | Mar 26, 2024 | $0.120 | 1.37% |
3 | Jan 10, 2024 | Jan 30, 2024 | Feb 27, 2024 | $0.120 | 1.41% |
4 | Dec 12, 2023 | Dec 28, 2023 | Jan 29, 2024 | $0.120 | 1.38% |
5 | Nov 15, 2023 | Nov 29, 2023 | Dec 27, 2023 | $0.120 | 1.36% |
FAQ
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