ANGEL OAK MORTGAGE REIT INC (AOMR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AOMR - US03464Y1082 - REIT
Overall AOMR gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. AOMR was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, AOMR is a bad performer in the overall market: 76% of all stocks are doing better.
- AOMR is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 64% of 68 stocks in the same industry do better.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- AOMR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AOMR is lagging the market.
- In the last month AOMR has a been trading in the 8.54 - 9.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, AOMR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 8.97, a Stop Loss order could be placed below this zone.
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8.23
2 important support areas can be observed.
- A support zone ranging from 8.58 to 8.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.31 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.08 to 9.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.49 from a horizontal line in the daily time frame.
- Resistance @9.67 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.06 to 10.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AOMR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AOMR is neutral. |
| ChartMill Relative Strength | 24.13 | NEGATIVE | AOMR has a low relative strength, it was outperformed by 75.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AOMR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AOMR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AOMR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.24 | NEUTRAL | The RSI value for AOMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AOMR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.4 | NEUTRAL | The Stochastics value for AOMR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for AOMR suggests low volalility. |
| Average Directional Index/ADX (14) | 21.84 | NEUTRAL | The ADX value for AOMR suggests a possible start of a new trend. |
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+0.01 (+0.11%)
ANGEL OAK MORTGAGE REIT INC / AOMR FAQ
What is the technical rating for AOMR stock?
ChartMill assigns a technical rating of 3 / 10 to AOMR.
What is the trend direction for AOMR stock?
The current trend direction for ANGEL OAK MORTGAGE REIT INC (AOMR) is Bearish.
What is the RSI signal for AOMR stock?
ANGEL OAK MORTGAGE REIT INC (AOMR) has an RSI value of 53.2364. This indicates that the stock is currently neutral.
What are the support and resistance levels for ANGEL OAK MORTGAGE REIT INC (AOMR) stock?
ANGEL OAK MORTGAGE REIT INC (AOMR) has a support level at 8.97 and a resistance level at 9.08. Check the full technical report for our detailed analysis of AOMR support and resistance levels.