BLACKSTONE MORTGAGE TRU-CL A (BXMT) Technical Analysis
NYSE:BXMT • US09257W1009
Current stock price
BXMT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BXMT. BXMT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 74% of all other stocks performed better in the past year than BXMT.
- In the last month BXMT has a been trading in the 18.48 - 19.83 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- BXMT has an average volume of 1369510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- BXMT is an average performer in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 52% of 68 stocks in the same industry.
- BXMT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BXMT is lagging the market slightly.
BXMT Weekly and Daily overview Charts
BXMT Setup Rating and Analysis
BXMT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.48, a Stop Loss order could be placed below this zone.
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BXMT Support and Resistance Analysis
16.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.17 to 18.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.81 from a horizontal line in the daily time frame.
- A support zone ranging from 17.15 to 17.21. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 19.23 to 19.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.08 to 20.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.78 to 21.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
BXMT Technical Indicator Signal Analysis
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 BXMT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BXMT is down. |
| ChartMill Relative Strength | 26.1 | NEGATIVE | BXMT has a low relative strength, it was outperformed by 73.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BXMT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BXMT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BXMT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.89 | NEUTRAL | The RSI value for BXMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BXMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.37 | NEUTRAL | The Stochastics value for BXMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for BXMT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.29 | NEUTRAL | The ADX value for BXMT suggests a possible start of a new trend. |
BXMT Chart- and CandleStick Pattern Analysis
BXMT Technicals: Chart, Performance Metrics, Trend & Indicators
19.12
+0.3 (+1.59%)
BLACKSTONE MORTGAGE TRU-CL A / BXMT TA FAQ
What is the ChartMill technical rating of BLACKSTONE MORTGAGE TRU-CL A (BXMT) stock?
ChartMill assigns a technical rating of 0 / 10 to BXMT.
What is the trend direction for BXMT stock?
The current trend direction for BLACKSTONE MORTGAGE TRU-CL A (BXMT) is Bearish.
What is the RSI signal for BXMT stock?
BLACKSTONE MORTGAGE TRU-CL A (BXMT) has an RSI value of 47.8937. This indicates that the stock is currently neutral.
What are the support and resistance levels for BLACKSTONE MORTGAGE TRU-CL A (BXMT) stock?
BLACKSTONE MORTGAGE TRU-CL A (BXMT) has a support level at 18.48 and a resistance level at 19.23. Check the full technical report for our detailed analysis of BXMT support and resistance levels.