RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ORC
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Orchid Island Capital stock price up 1.02% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 1.82% PDF

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).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, February 07, 2024 and based on theory for this formation the price should go up by 0.110% to $8.94 within 5 trading days since signal was issued (Monday, April 01, 2024).

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


# Declaration Date 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

What is the symbol for Orchid Island Capital Stock and on which exchange is it traded?
The symbol for Orchid Island Capital is ORC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Orchid Island Capital Stock?
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.

How to buy Orchid Island Capital Stock?
Orchid Island Capital Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Orchid Island Capital Stock.

What's the current price of Orchid Island Capital Stock?
As of the end of day on the 2024-03-28, the price of an Orchid Island Capital (ORC) share was $8.93.

What is the 52-week high and low for Orchid Island Capital Stock?
The 52-week high for Orchid Island Capital Stock is $11.29 and the 52-week low is $5.90.

What is the market capitalization of Orchid Island Capital Stock?
As of the 2024-03-28, the market capitalization of Orchid Island Capital is 458.138M.

When is the next earnings date for Orchid Island Capital?
The upcoming earnings date for Orchid Island Capital is Apr 25, 2024.
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About Orchid Island Capital Inc

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inver... ORC Profile

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