ANGEL OAK MORTGAGE REIT INC (AOMR) Technical Analysis
NYSE:AOMR • US03464Y1082
We assign a technical rating of 0 out of 10 to AOMR. AOMR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 77% of all other stocks performed better in the past year than AOMR.
- In the last month AOMR has a been trading in the 8.20 - 9.22 range, which is quite wide. It is currently trading near the lows of this range.
- AOMR is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 68 other stocks in this industry, AOMR did better than 44% of them.
- 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.
Although the technical rating is bad, AOMR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.58. Right above this resistance zone may be a good entry point.
More info and screens
8.10
When analyzing the support we can see 2 important areas.
- Support @8.38 from a trend line in the daily time frame.
- Support @8.18 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.58 to 8.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.25 to 9.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.49 to 9.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.10 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 AOMR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AOMR is down. |
| ChartMill Relative Strength | 23.23 | NEGATIVE | AOMR has a low relative strength, it was outperformed by 76.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AOMR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AOMR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AOMR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.92 | NEUTRAL | The RSI value for AOMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AOMR has a negative trend. |
| Stochastics (14,3) | 32.2 | NEUTRAL | The Stochastics value for AOMR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for AOMR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.73 | NEGATIVE | The low ADX value for AOMR suggests a weak or negative trend. |
AOMR Technicals: Chart, Performance Metrics, Trend & Indicators
8.44
-0.02 (-0.24%)
ANGEL OAK MORTGAGE REIT INC / AOMR FAQ
What is the technical rating for AOMR stock?
ChartMill assigns a technical rating of 0 / 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 37.9174. This indicates that the stock is currently neutral.
What is the buy/sell signal for ANGEL OAK MORTGAGE REIT INC (AOMR) stock?
The buy/sell signal for ANGEL OAK MORTGAGE REIT INC (AOMR) is sell as both the short term and long term trends are negative.
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 8.38 and a resistance level at 8.58. Check the full technical report for our detailed analysis of AOMR support and resistance levels.