CHERRY HILL MORTGAGE INVESTM (CHMI) Stock Technical Analysis
USA - NYSE:CHMI - US1646511014 - REIT
2.53 USD
-0.08 (-3.07%)
2.59 USD
+0.06 (+2.37%)
We assign a technical rating of 0 out of 10 to CHMI. CHMI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
92% 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. 83% of 67 stocks in the same industry do better.
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 2.53 - 3.04 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of CHMI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.49
3.83
We found 1 important support area.
- Support @2.52 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- 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 multiple time frames.
- A resistance zone ranging from 3.00 to 3.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.44 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 | NEUTRAL | NEUTRAL | The long term trend for CHMI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHMI is down. |
| ChartMill Relative Strength | 8.59 | NEGATIVE | CHMI has a low relative strength, it was outperformed by 91.41% 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) | 28.06 | OVERSOLD | The low RSI value suggests CHMI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CHMI has a negative trend. |
| Stochastics (14,3) | 6.94 | OVERSOLD | The low Stochastics value suggests CHMI may be oversold. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CHMI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.89 | NEUTRAL | The ADX value for CHMI suggests a possible start of a new 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)
2.53
-0.08 (-3.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-3.07%
1 Week-14.81%
2 Weeks-12.76%
1 Month-12.46%
3 Month-14.24%
6 Month-29.72%
12 Month-33.25%
2 Year-31.99%
3 Year-48.47%
5 Year-71.83%
10 Year-83.06%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.24%
ATR Inc-15.45%
Range Today0.11
ADR(20)0.07
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.59
Mansfield-2.53
10 Day High3.04
10 Day Low2.53
20 Day High3.04
20 Day Low2.53
52 Week High3.81
52 Week Low2.34
CS1 End2.52
CR1 Start2.81
Volume & EV
DER(3)-1%
DER(5)-3.16%
Volume568.40K
Volume Incr138.31%
Vol(5)563.14K
Vol(50)273.78K