Will orc pass 7.88 today

**Orchid Island Capital's stock is not likely to surpass $7.88 today.** Here's the analysis to support this conclusion:

1. **Current Price and Trends**: The closing price of Orchid Island Capital (ORC) on October 29, 2024, was $7.87.

2. **Short-term Trend Forecast**: The short-term trend forecast for ORC does not provide a specific price target for the immediate future.

3. **Technical Indicators**: The stock's technical indicators are not bullish. The MACD is at 0, the KDJ is at 11.46, and the RSI is at 38.23, which typically suggest that a stock is neither overbought nor oversold, and neither trending strongly in either direction.

4. **Moving Averages**: The 5-day moving average is $7.85, and the 10-day moving average is $7.94. Both of these are below the $7.88 mark, indicating a short-term downward trend.

5. **Market Sentiment and Forecasts**: The market sentiment is neutral to bearish, as evidenced by the average holdings size of ORC in investors' portfolios, which is 5.74%. Additionally, the historical price data shows that ORC has experienced a significant drop from $10.80 to $1.80 over the past decade, which could influence investor behavior.
6. **Recent Performance**: On the day of earnings release, the stock traded up to $7.91, but this was afterhours, and the next trading day, it closed at $7.87. This suggests that the stock did not maintain the upward momentum into the regular trading session.

In conclusion, given the current technical indicators, short-term moving averages, and market sentiment, it is unlikely that ORC's stock will surpass $7.88 today.