BLACKSTONE MORTGAGE TRU-CL A (BXMT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BXMT • US09257W1009
Overall BXMT gets a technical rating of 4 out of 10. In the past year, BXMT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- BXMT is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 85% of 70 stocks in the same industry.
- In the last month BXMT has a been trading in the 18.71 - 19.86 range, which is quite wide. It is currently trading near the high of this range.
- BXMT has an average volume of 1413790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 58% of all stocks.
- BXMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BXMT is lagging the market.
Although the technical rating is only medium, BXMT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.56, 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
3 important support areas can be observed.
- A support zone ranging from 19.15 to 19.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.81 to 18.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We can see 2 important resistance areas.
- 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.
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 | NEUTRAL | NEUTRAL | The short term trend for BXMT is neutral. |
| ChartMill Relative Strength | 58.44 | 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) | UP | POSITIVE | The current price of BXMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.83 | NEUTRAL | The RSI value for BXMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BXMT has a positive trend. |
| Stochastics (14,3) | 79.21 | NEUTRAL | The Stochastics value for BXMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for BXMT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.91 | NEUTRAL | The ADX value for BXMT suggests a possible start of a new trend. |
19.79
+0.23 (+1.18%)
BLACKSTONE MORTGAGE TRU-CL A / BXMT FAQ
What is the ChartMill technical rating of BLACKSTONE MORTGAGE TRU-CL A (BXMT) stock?
ChartMill assigns a technical rating of 4 / 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 56.831. 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 19.56 and a resistance level at 20.08. Check the full technical report for our detailed analysis of BXMT support and resistance levels.