ORC - Orchid Island Capital Inc

| Exchange: NYSE

Hold/Accumulate
Thu 21'st Sep 2017

PERIOD 2017-06-22 - 2017-09-21
CHANGE -0.50%
PRICE $10.04
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

BOLLINGER
Buy
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Orchid Island Capital Inc Stock Analysis

Technical stock analysis for Thu 21'st Sep 2017

Hold candidate since 2017-09-19 Loss -0.50%

Orchid Island Capital Inc fell by -0.50% in the last day from $10.09 to $10.04 The price has risen in 6 of the last 10 days and is up by 3.83% over the past 2 weeks. Volume has increased in the last day by 13 099 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 723 848 shares bought and sold for approximately $7.27 million.

Trend

Orchid Island Capital Inc is the upper part of a horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $10.13 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Orchid Island Capital Inc with 90% probability to be traded between $9.11 and $9.93 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

Orchid Island Capital Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $10.00 and $9.75. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday September 20, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

The stock had a Golden Star Signal* on Friday September 08, 2017 in the short-term 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)

The stock holds a RSI14 at 71 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

Orchid Island Capital Inc finds support from accumulated volume at $9.97. On the upside the stock meets some resistance just above today's level from accumulated volume at $10.07, $10.09 and $10.12.

The stock is about to test the resistance from accumulated volume at $10.07 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $9.97 Price: $10.04 Resistance: $10.07
S: $9.97 Price: $10.04 R: $10.07

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 $0.11 (1.10%) between high and low. For the last week, the stock has had a daily average volatility of 1.33%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $9.64 (-3.95%) (This stock has low daily movements and this gives low risk. The RSI14 is 71 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

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Overall risk:

           

Evaluation

Orchid Island Capital Inc 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 for further development.

Hold/Accumulate

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