GRANITE POINT MORTGAGE TRUST (GPMT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GPMT - US38741L1070 - REIT
Taking everything into account, GPMT scores 4 out of 10 in our technical rating. In the last year, GPMT was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
GPMT 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 2.80, 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
2.54
We found 3 important support areas.
- A support zone ranging from 2.73 to 2.80. 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 2.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.57 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.83 from a horizontal line in the daily time frame.
- Resistance @2.88 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.99 to 3.03. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for GPMT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GPMT is neutral. |
| ChartMill Relative Strength | 22.02 | NEGATIVE | GPMT has a low relative strength, it was outperformed by 77.98% off all stocks 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) | DOWN | MIXED | The current price of GPMT is above a declining 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) | 55.81 | NEUTRAL | The RSI value for GPMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GPMT has a positive trend. |
| Stochastics (14,3) | 78.89 | NEUTRAL | The Stochastics value for GPMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for GPMT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.83 | NEGATIVE | The low ADX value for GPMT suggests a weak or negative trend. |
2.81
+0.05 (+1.81%)
GRANITE POINT MORTGAGE TRUST / GPMT FAQ
What is the ChartMill technical rating of GRANITE POINT MORTGAGE TRUST (GPMT) stock?
ChartMill assigns a technical rating of 4 / 10 to GPMT.
What is the trend direction for GPMT stock?
The current trend direction for GRANITE POINT MORTGAGE TRUST (GPMT) is Bullish.
What is the RSI signal for GPMT stock?
GRANITE POINT MORTGAGE TRUST (GPMT) has an RSI value of 55.8057. This indicates that the stock is currently neutral.
What is the MACD signal for GPMT stock?
The MACD indicator for GRANITE POINT MORTGAGE TRUST (GPMT) has a value of 0.01235, indicating a bearish trend.