Many investors are viewing shares of Diana Containerships Inc. (NASDAQ:DCIX) to be “oversold” as the equity reached $0.52 on a recent check. From a technical standpoint, “oversold” can simply mean that the stock is having a Relative Strength Index (RSI) under 30.
When looking at companies that are considered to be oversold, it is important to consider the moving averages of the security. We see here that the stock is -71.93% away from the 20-Day Simple Moving Average. Their 50-Day Simple Moving Average is a difference of -79.15% from current levels. Further back, their 200-Day Simple Moving Average is -96.32% difference from today’s price. Currently, the stock is -85.98% from its 50-Day High and 14.16% from the 50-day low.
Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 22.49% and month of 18.89%. So are analysts giving the Buy signal at this juncture? Sell-side firms currently have a consensus recommendation of 5.00 on the shares. This is based on a 1 to 5 formula where 1 indicates a Strong Buy and 5 a Strong Sell.
Analysts are projecting the stock to trade at 6.13 within the next 12-18 months.