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ORC - Orchid Island Capital Inc Mon 27'th Feb 2017

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Hold/Accumulate

Score: -0.70

#3870 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 81.82%
Risk: High
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Stock analysis for Mon 27'th Feb 2017 (Updated daily)

Hold candidate since 2017-02-27

Orchid Island Capital Inc Stock Analysis


Orchid Island Capital Inc fell by -2.32% in the last day, from USD 9.91 to USD 9.68. , and has now fallen 3 day in a row The price has fallen in 7 of the last 10 days and is down by -21.81% for this period. Volume increased in the last day by 0.60 million shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 1.95 million shares bought and sold for approximately USD 18.91 million.

Trend

Orchid Island Capital Inc has broken the narrow and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at (USD 11.03 ). A reaction back to this level may hold a second chance to get out before further falls.

Signals

A buy signal was issued from a pivot bottom point on Wednesday December 28, 2016, 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. Orchid Island Capital Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 10.46 and USD 11.56. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 16 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. On the upside the stock meets some resistance from accumulated volume at USD 10.84, USD 10.20 and USD 10.47.

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.30 between high and low, or 3.12%. For the last week, the stock has had a daily average volatility of 5.43%.

Orchid Island Capital Inc is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: USD 9.23 (-4.65%) ( Criterias: risk and negative break of trend)

Evaluation

Orchid Island Capital Inc holds several negative signals and isolated this should give a sell recommendiation, but due to general chance for a turnaround situation we recommend a hold or accumulate position awaiting further development.

Hold/Accumulate


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