WESTERN ASSET MORT DEF OPP (DMO) Stock Technical Analysis
USA - NYSE:DMO - US95790B1098
Taking everything into account, DMO scores 6 out of 10 in our technical rating. Although DMO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, DMO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.95, a Stop Loss order could be placed below this zone.
More info and screens
11.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.78 to 11.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.52 to 11.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.24 to 11.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.98 to 12.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.24 to 12.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for DMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DMO is up. |
| ChartMill Relative Strength | 39.55 | NEUTRAL | DMO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DMO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DMO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.81 | NEUTRAL | The RSI value for DMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DMO has a positive trend. |
| Stochastics (14,3) | 57.83 | NEUTRAL | The Stochastics value for DMO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for DMO suggests low volalility. |
| Average Directional Index/ADX (14) | 14.2 | NEGATIVE | The low ADX value for DMO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.05 | 11.82 | 0.23 (1.91%) | 25.00% |
| An entry @12.05. This is a Buy Stop order right above the resistance zone. | An exit @11.82. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 1.91%. | For a 0.48% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.98
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WESTERN ASSET MORT DEF OPP / DMO FAQ
Can you provide the ChartMill technical rating for WESTERN ASSET MORT DEF OPP?
ChartMill assigns a technical rating of 6 / 10 to DMO.
What is the current trend direction of WESTERN ASSET MORT DEF OPP (DMO) stock?
The current trend direction for WESTERN ASSET MORT DEF OPP (DMO) is Bullish.
What is the RSI signal for DMO stock?
WESTERN ASSET MORT DEF OPP (DMO) has an RSI value of 53.8113. This indicates that the stock is currently neutral.
What is the MACD signal for WESTERN ASSET MORT DEF OPP (DMO) stock?
The MACD indicator for WESTERN ASSET MORT DEF OPP (DMO) has a value of 0.0013437, indicating a bearish trend.
What is the short term momentum for WESTERN ASSET MORT DEF OPP (DMO) stock?
The short term momentum for WESTERN ASSET MORT DEF OPP (DMO) is positive.