CHIMERA INVESTMENT CORP (CIM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIM - US16934Q8024 - REIT
Overall CIM gets a technical rating of 3 out of 10. In the past year, CIM 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, CIM is a bad performer in the overall market: 74% of all stocks are doing better.
- CIM is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 68 other stocks in this industry, of which 64% are performing better than CIM.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- CIM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CIM is lagging the market.
- In the last month CIM has a been trading in the 12.27 - 13.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CIM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 12.88, a Stop Loss order could be placed below this zone.
More info and screens
11.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.46 to 12.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.00 to 12.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.72 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 12.88 to 13.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.33 from a trend line in the daily time frame.
- Resistance @13.98 from a trend line in the weekly time frame.
- Resistance @14.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.75 to 14.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.19 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 CIM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CIM is neutral. |
| ChartMill Relative Strength | 26.18 | NEGATIVE | CIM has a low relative strength, it was outperformed by 73.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CIM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CIM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CIM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.24 | NEUTRAL | The RSI value for CIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CIM has a negative trend. |
| Stochastics (14,3) | 57.52 | NEUTRAL | The Stochastics value for CIM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for CIM suggests some volalility. |
| Average Directional Index/ADX (14) | 11.25 | NEGATIVE | The low ADX value for CIM suggests a weak or negative trend. |
12.82
-0.07 (-0.54%)
CHIMERA INVESTMENT CORP / CIM FAQ
Can you provide the ChartMill technical rating for CHIMERA INVESTMENT CORP?
ChartMill assigns a technical rating of 3 / 10 to CIM.
What is the trend direction for CIM stock?
The current trend direction for CHIMERA INVESTMENT CORP (CIM) is Bearish.
Can you provide the RSI signal for CHIMERA INVESTMENT CORP?
CHIMERA INVESTMENT CORP (CIM) has an RSI value of 50.2385. This indicates that the stock is currently neutral.
What is the support and resistance level for CIM stock?
CHIMERA INVESTMENT CORP (CIM) has a support level at 12.88 and a resistance level at 12.95. Check the full technical report for our detailed analysis of CIM support and resistance levels.