ORCHID ISLAND CAPITAL INC (ORC) Stock Technical Analysis
NYSE:ORC - New York Stock Exchange, Inc. - US68571X3017 - REIT - Currency: USD
We assign a technical rating of 3 out of 10 to ORC. In the past year, ORC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ORC is a bad performer in the overall market: 80% of all stocks are doing better.
ORC is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 65% of 67 stocks in the same industry do better.
In the last month ORC has a been trading in the 6.90 - 7.37 range, which is quite wide. It is currently trading near the high of this range.
ORC has an average volume of 3721840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
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.
Although the technical rating is bad, ORC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ORC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.98
8.89
We found 3 important support areas.
- A support zone ranging from 6.96 to 7.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.75 to 6.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.04 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.31 to 7.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.80 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 | DOWN | NEGATIVE | The long term trend for ORC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORC is up. |
| ChartMill Relative Strength | 20.57 | NEGATIVE | ORC has a low relative strength, it was outperformed by 79.43% off all stocks 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 | NEGATIVE | The current price of ORC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.64 | 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) | 82.32 | OVERBOUGHT | The high Stochastics value suggests ORC may be overbought. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for ORC suggests low volalility. |
| Average Directional Index/ADX (14) | 10.37 | NEGATIVE | The low ADX value for ORC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.3
-0.04 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.54%
1 Week3.11%
2 Weeks1.39%
1 Month4.14%
3 Month0.27%
6 Month-7.94%
12 Month-11.41%
2 Year-29.94%
3 Year-54.66%
5 Year-71.6%
10 Year-83.06%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%1.67%
ATR Inc9.09%
Range Today0.1
ADR(20)0.12
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.57
Mansfield-1.36
10 Day High7.37
10 Day Low7
20 Day High7.37
20 Day Low6.9
52 Week High9.01
52 Week Low5.69
CS1 End7.15
CR1 Start7.31
Volume & EV
DER(3)5.62%
DER(5)2.67%
Volume4.23M
Volume Incr1.05%
Vol(5)3.92M
Vol(50)3.72M