BLACKSTONE MORTGAGE TRU-CL A (BXMT) Stock Technical Analysis
NYSE:BXMT - New York Stock Exchange, Inc. - US09257W1009 - REIT - Currency: USD
Taking everything into account, BXMT scores 7 out of 10 in our technical rating. BXMT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
BXMT is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 80% of 66 stocks in the same industry.
BXMT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BXMT is lagging the market slightly.
In the last month BXMT has a been trading in the 19.00 - 20.23 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
BXMT has an average volume of 1174150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BXMT turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
Besides having an excellent technical rating, BXMT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 19.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BXMT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
16.98
21.28
4 important support areas can be observed.
- A support zone ranging from 19.10 to 19.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.69 from a horizontal line in the daily time frame.
- Strong support @17.68 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 multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @20.08 from a trend line in the weekly time frame.
- 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.
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 | UP | POSITIVE | The long term trend for BXMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BXMT is up. |
| ChartMill Relative Strength | 45.84 | NEUTRAL | BXMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BXMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BXMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BXMT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.26 | NEUTRAL | The RSI value for BXMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BXMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.93 | NEUTRAL | The Stochastics value for BXMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for BXMT suggests low volalility. |
| Average Directional Index/ADX (14) | 11.58 | NEGATIVE | The low ADX value for BXMT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.09 | 19.06 | 1.03 (5.13%) | 19.50% |
| An entry @20.09. This is a Buy Stop order right above the resistance zone. | An exit @19.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.03 points, which is 5.13%. | When investing 19.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.92
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.05%
1 Week2.47%
2 Weeks0.96%
1 Month2.21%
3 Month8.56%
6 Month8.08%
12 Month1.12%
2 Year-13.35%
3 Year-35.68%
5 Year-17.24%
10 Year-31.71%
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%1.91%
ATR Inc-35.9%
Range Today0.24
ADR(20)0.34
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.84
Mansfield-0.21
10 Day High20.23
10 Day Low19.07
20 Day High20.23
20 Day Low19
52 Week High21.24
52 Week Low16.51
CS1 End19.73
CR1 Start20.08
Volume & EV
DER(3)3.91%
DER(5)1.79%
Volume901.90K
Volume Incr-36.92%
Vol(5)839.06K
Vol(50)1.17M