CHERRY HILL MORTGAGE INVESTM (CHMI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CHMI - US1646511014 - REIT
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.
- When comparing the yearly performance of all stocks, CHMI is a bad performer in the overall market: 65% of all stocks are doing 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 2.47 - 2.78 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- CHMI is an average performer in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 44% of 68 stocks in the same industry.
- 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.
CHMI has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.67, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.48
We found 2 important support areas.
- A support zone ranging from 2.58 to 2.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.51 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 2.75 to 2.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.90 from a trend line in the daily time frame.
- Resistance @3.00 from a horizontal line in the daily time frame.
- Resistance @3.08 from a horizontal line in the weekly time frame.
- Resistance @3.35 from a trend 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 | UP | POSITIVE | The short term trend for CHMI is up. |
| ChartMill Relative Strength | 35.03 | NEUTRAL | CHMI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CHMI is above a declining 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) | UP | POSITIVE | The current price of CHMI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.94 | NEUTRAL | The RSI value for CHMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CHMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.13 | NEUTRAL | The Stochastics value for CHMI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for CHMI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.46 | NEUTRAL | The ADX value for CHMI suggests a possible start of a new trend. |
2.7
-0.01 (-0.37%)
CHERRY HILL MORTGAGE INVESTM / CHMI FAQ
What is the technical rating for CHMI stock?
ChartMill assigns a technical rating of 4 / 10 to CHMI.
What is the current trend direction of CHERRY HILL MORTGAGE INVESTM (CHMI) stock?
The current trend direction for CHERRY HILL MORTGAGE INVESTM (CHMI) is Bearish.
Can you provide the RSI signal for CHERRY HILL MORTGAGE INVESTM?
CHERRY HILL MORTGAGE INVESTM (CHMI) has an RSI value of 56.935. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHERRY HILL MORTGAGE INVESTM?
The MACD indicator for CHERRY HILL MORTGAGE INVESTM (CHMI) has a value of 0.00278722, indicating a bearish trend.