Owens Realty Mortgage, Inc Forecast and Stock Analysis
Technical ORM stock analysis for February 15, 2019.
|Shorts||7.66% ( 2019-01-31 )|
Owens Realty Mortgage, Inc fell by -0.13% in the last day from $22.64 to $22.61 The price has been going up and down for this period, and there has been a 3.95% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -38 052 shares and in total 19 029 shares bought and sold for approximately $430 246.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ORM stock was $22.61. This is 0.13% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.07% from a day low at $22.19 to a day high of $22.65.
30 day high of the ORM stock price was $22.75 and low was $20.19.
90 day high was $22.75 and low was $18.03.
52 week high for the Owens Realty Mortgage, Inc - $22.75 and low - $13.77.
Owens Realty Mortgage, Inc lies in the upper part of a wide and strong rising trend in the short term, and this will 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 $22.69 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 13.2% during the next 3 months and, with 90% probability hold a price between $22.58 and $25.68 at the end of this period.
Owens Realty Mortgage, 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 $22.26 and $20.77. 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 Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 89 and the stock is extremely overbought on RSI14, so further reactions should be expected. Some stocks may have a long and hard correction after reaching so high an RSI, but not in all cases. However, the short-term risk has increased drastically and larger movements in the next couple of days can be expected.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $20.45 and $20.07.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Owens Realty Mortgage, Inc finds support just below today's level at $20.45. If this is broken, then the next support from accumulated volume will be at $20.07 and $19.80.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
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: $21.78 (-3.66%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)
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Owens Realty Mortgage, 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.