FIRST TRUST MORTGAGE INCOME (FMY) Stock Technical Analysis
NYSE:FMY - New York Stock Exchange, Inc. - US33734E1038 - Currency: USD
We assign a technical rating of 6 out of 10 to FMY. FMY has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
FMY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FMY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.85 to 12.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.60 to 11.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.16 to 12.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 |
|---|---|---|---|
| 12.21 | 11.94 | 0.27 (2.20%) | 25.00% |
| An entry @12.21. This is a Buy Stop order right above the 10 day high. | An exit @11.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.27 points, which is 2.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- 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.
NYSE:FMY (5/16/2025, 6:40:00 PM)
12.1
+0.03 (+0.21%)