CHERRY HILL MORTGAGE INVESTM (CHMI) Stock Technical Analysis
NYSE:CHMI - New York Stock Exchange, Inc. - US1646511014 - REIT - Currency: USD
Overall CHMI gets a technical rating of 0 out of 10. CHMI 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.
90% of all other stocks performed better in the past year than CHMI.
CHMI is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 66 other stocks in this industry, of which 87% are performing better than CHMI.
CHMI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CHMI has a been trading in the 2.50 - 3.03 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of CHMI is bad and it also does not present a 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.
More info and screens
2.49
3.83
When analyzing the support we notice one important area.
- Support @2.52 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 2.81 to 2.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.90 to 2.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.00 from a horizontal line in the daily time frame.
- Resistance @3.51 from a trend line in the weekly time frame.
- Resistance @3.79 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 CHMI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHMI is down. |
| ChartMill Relative Strength | 10.99 | NEGATIVE | CHMI has a low relative strength, it was outperformed by 89.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHMI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.11 | NEUTRAL | The RSI value for CHMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CHMI has a negative trend. |
| Stochastics (14,3) | 24.51 | NEUTRAL | The Stochastics value for CHMI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for CHMI suggests some volalility. |
| Average Directional Index/ADX (14) | 32.32 | POSITIVE | The high ADX value value for CHMI suggests a strong 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)
2.63
-0.03 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-1.13%
1 Week-5.73%
2 Weeks-7.39%
1 Month-9.93%
3 Month-3.31%
6 Month-12.33%
12 Month-30.79%
2 Year-39.54%
3 Year-63.01%
5 Year-71.51%
10 Year-83.51%
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%3.48%
ATR Inc66.43%
Range Today0.09
ADR(20)0.08
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.99
Mansfield-2.35
10 Day High2.86
10 Day Low2.5
20 Day High3.03
20 Day Low2.5
52 Week High3.88
52 Week Low2.34
CS1 End2.52
CR1 Start2.81
Volume & EV
DER(3)-12.03%
DER(5)-10.16%
Volume269.40K
Volume Incr-15.05%
Vol(5)291.70K
Vol(50)258.49K