ORCHID ISLAND CAPITAL INC (ORC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ORC • US68571X3017
We assign a technical rating of 2 out of 10 to ORC. In the last year, ORC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 75% of all other stocks performed better in the past year than ORC.
- In the last month ORC has a been trading in the 7.34 - 8.40 range, which is quite wide. It is currently trading near the lows of this range.
- ORC has an average volume of 6809680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- ORC is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 70 other stocks in this industry, ORC did better than 42% of them.
- ORC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ORC is lagging the market.
ORC has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.39 to 7.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.23 to 7.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.96 to 7.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.83 to 6.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.58 to 7.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.28 to 8.36. 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 | DOWN | NEGATIVE | The short term trend for ORC is down. |
| ChartMill Relative Strength | 25.21 | NEGATIVE | ORC has a low relative strength, it was outperformed by 74.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ORC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.14 | NEUTRAL | The RSI value for ORC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ORC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.52 | OVERSOLD | The low Stochastics value suggests ORC may be oversold. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ORC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.03 | POSITIVE | The high ADX value value for ORC suggests a strong trend. |
7.5
+0.02 (+0.27%)
ORCHID ISLAND CAPITAL INC / ORC FAQ
Can you provide the ChartMill technical rating for ORCHID ISLAND CAPITAL INC?
ChartMill assigns a technical rating of 2 / 10 to ORC.
What is the current trend direction of ORCHID ISLAND CAPITAL INC (ORC) stock?
The current trend direction for ORCHID ISLAND CAPITAL INC (ORC) is Bearish.
What is the RSI signal for ORCHID ISLAND CAPITAL INC (ORC) stock?
ORCHID ISLAND CAPITAL INC (ORC) has an RSI value of 40.1354. 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 -0.0930962, indicating a bearish trend.
What is the support and resistance level for ORC stock?
ORCHID ISLAND CAPITAL INC (ORC) has a support level at 7.39 and a resistance level at 7.58. Check the full technical report for our detailed analysis of ORC support and resistance levels.