CHMI Technical Analysis - CHERRY HILL MORTGAGE INVESTM

Technical Rating and Analysis

Overall CHMI gets a technical rating of 4 out of 10. In the past year, CHMI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

81% of all other stocks performed better in the past year than CHMI.

CHMI is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 69% of 67 stocks in the same industry do better.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month CHMI has a been trading in the 2.60 - 3.00 range, which is quite wide. It is currently trading near the high of this range.

CHMI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHMI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHERRY HILL MORTGAGE INVESTM / CHMI Weekly stock chart

CHERRY HILL MORTGAGE INVESTM / CHMI Daily stock chart

Setup Rating and Analysis

CHMI has an average technical rating and the quality of the presented setup is also not ideal 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.49

3.83

When analyzing the support we can see 3 important areas.

A support zone ranging from 2.67 to 2.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 2.61 to 2.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.52 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 3.01 to 3.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @3.48 from a trend line in the weekly time frame.
Resistance @3.79 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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 CHMI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CHMI is up.
ChartMill Relative Strength	19.47	NEGATIVE	CHMI has a low relative strength, it was outperformed by 80.53% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CHMI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CHMI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of CHMI is above a declining SMA(200).
Relative Strength Index/RSI (14)	64.91	NEUTRAL	The RSI value for CHMI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests CHMI has a positive trend.
Stochastics (14,3)	95.93	OVERBOUGHT	The high Stochastics value suggests CHMI may be overbought.
Average True Range in percent/ATR (20)	3.07	MEDIUM VOLATILITY	The ATR as a percentage value for CHMI suggests some volalility.
Average Directional Index/ADX (14)	20.09	NEUTRAL	The ADX value for CHMI suggests a possible start of a new trend.