ORCHID ISLAND CAPITAL INC (ORC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ORC - US68571X3017 - REIT
We assign a technical rating of 5 out of 10 to ORC. ORC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, ORC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 7.30, a Stop Loss order could be placed below this zone.
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6.69
2 important support areas can be observed.
- A support zone ranging from 6.96 to 7.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.76 to 6.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.35 to 7.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.65 to 7.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.68 from a horizontal line in the weekly time frame.
- Resistance @8.95 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ORC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORC is up. |
| ChartMill Relative Strength | 35.67 | NEUTRAL | ORC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ORC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.56 | NEUTRAL | The RSI value for ORC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ORC has a positive trend. |
| Stochastics (14,3) | 64.14 | NEUTRAL | The Stochastics value for ORC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for ORC suggests low volalility. |
| Average Directional Index/ADX (14) | 14.28 | NEGATIVE | The low ADX value for ORC suggests a weak or negative trend. |
7.34
-0.04 (-0.54%)
ORCHID ISLAND CAPITAL INC / ORC FAQ
Can you provide the ChartMill technical rating for ORCHID ISLAND CAPITAL INC?
ChartMill assigns a technical rating of 5 / 10 to ORC.
Can you provide the trend direction for ORCHID ISLAND CAPITAL INC?
The current trend direction for ORCHID ISLAND CAPITAL INC (ORC) is Bearish.
Can you provide the RSI signal for ORCHID ISLAND CAPITAL INC?
ORCHID ISLAND CAPITAL INC (ORC) has an RSI value of 55.5563. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORCHID ISLAND CAPITAL INC?
The MACD indicator for ORCHID ISLAND CAPITAL INC (ORC) has a value of 0.0170473, indicating a bearish trend.
What is the support and resistance level for ORC stock?
ORCHID ISLAND CAPITAL INC (ORC) has a support level at 7.3 and a resistance level at 7.35. Check the full technical report for our detailed analysis of ORC support and resistance levels.