GRANITE POINT MORTGAGE TRUST (GPMT) Stock Technical Analysis
USA - NYSE:GPMT - US38741L1070 - REIT
3 USD
+0.01 (+0.33%)
3 USD
0 (0%)
Taking everything into account, GPMT scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GPMT is only an average performer.
The long and short term trends are both positive. This is looking good!
GPMT is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 89% of 67 stocks in the same industry.
In the last month GPMT has a been trading in the 2.77 - 3.12 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, GPMT outperforms 60% of them, which is more or less in line with the market.
GPMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GPMT is lagging the market.
Besides having an excellent technical rating, GPMT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GPMT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
2.63
3.22
3 important support areas can be observed.
- A support zone ranging from 2.94 to 2.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.76 to 2.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.66 to 2.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.00 to 3.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.09 to 3.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.19 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for GPMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GPMT is up. |
| ChartMill Relative Strength | 60.82 | NEUTRAL | GPMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GPMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GPMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GPMT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.24 | NEUTRAL | The RSI value for GPMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GPMT has a negative trend. |
| Stochastics (14,3) | 55.53 | NEUTRAL | The Stochastics value for GPMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for GPMT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.24 | NEGATIVE | The low ADX value for GPMT suggests a weak or negative 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)
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 |
|---|---|---|---|
| 3.03 | 2.93 | 0.10 (3.30%) | 25.00% |
| An entry @3.03. This is a Buy Stop order right above the resistance zone. | An exit @2.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 3.30%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The distance between exit and entry is rather small compared to the average daily movement of GPMT. Please evaluate whether better entry and exit points can be found.
- 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.
3
+0.01 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.33%
1 Week1.69%
2 Weeks-0.99%
1 Month7.14%
3 Month21.95%
6 Month14.94%
12 Month-5.96%
2 Year-38.52%
3 Year-53.42%
5 Year-57.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%2.55%
ATR Inc-6.24%
Range Today0.06
ADR(20)0.07
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.82
Mansfield-0.16
10 Day High3.12
10 Day Low2.93
20 Day High3.12
20 Day Low2.77
52 Week High3.66
52 Week Low1.61
CS1 End2.99
CR1 Start3
Volume & EV
DER(3)4.28%
DER(5)4.93%
Volume159.50K
Volume Incr47.33%
Vol(5)293.90K
Vol(50)254.89K