BLACKSTONE MORTGAGE TRU-CL A (BXMT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BXMT - US09257W1009 - REIT
We assign a technical rating of 8 out of 10 to BXMT. Although BXMT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although BXMT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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16.98
We found 3 important support areas.
- A support zone ranging from 18.55 to 18.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.81 to 17.81. This zone is formed by a combination of multiple trend lines 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 one important area.
- 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 | 66.14 | 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) | 62.86 | NEUTRAL | The RSI value for BXMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BXMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.13 | OVERBOUGHT | The high Stochastics value suggests BXMT may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for BXMT suggests low volalility. |
| Average Directional Index/ADX (14) | 42.14 | POSITIVE | The high ADX value value for BXMT suggests a strong trend. |
20.17
-0.46 (-2.23%)
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 8 / 10 to BXMT.
Can you provide the trend direction for BLACKSTONE MORTGAGE TRU-CL A?
The current trend direction for BLACKSTONE MORTGAGE TRU-CL A (BXMT) is Bullish.
What is the RSI signal for BLACKSTONE MORTGAGE TRU-CL A (BXMT) stock?
BLACKSTONE MORTGAGE TRU-CL A (BXMT) has an RSI value of 62.864. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BLACKSTONE MORTGAGE TRU-CL A?
The MACD indicator for BLACKSTONE MORTGAGE TRU-CL A (BXMT) has a value of 0.0731332, indicating a bearish trend.
What is the short term momentum for BXMT stock?
The short term momentum for BLACKSTONE MORTGAGE TRU-CL A (BXMT) is positive.