GRANITE POINT MORTGAGE TRUST (GPMT) Technical Analysis
NYSE:GPMT • US38741L1070
Overall GPMT gets a technical rating of 0 out of 10. GPMT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 92% of all other stocks performed better in the past year than GPMT.
- GPMT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 68 other stocks in this industry, of which 83% are performing better than GPMT.
- GPMT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GPMT is lagging the market.
- In the last month GPMT has a been trading in the 1.64 - 2.32 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
GPMT has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.70
We can see 6 important resistance areas.
- Resistance @1.81 from a horizontal line in the daily time frame.
- Resistance @2.04 from a trend line in the daily time frame.
- Resistance @2.21 from a trend line in the daily time frame.
- Resistance @2.48 from a trend line in the weekly time frame.
- Resistance @2.74 from a trend line in the weekly time frame.
- Resistance @2.99 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 | DOWN | NEGATIVE | The long term trend for GPMT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GPMT is down. |
| ChartMill Relative Strength | 8.31 | NEGATIVE | GPMT has a low relative strength, it was outperformed by 91.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GPMT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GPMT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GPMT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.93 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 29.81 | NEUTRAL | The Stochastics value for GPMT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for GPMT suggests high volalility. |
| Average Directional Index/ADX (14) | 32.98 | POSITIVE | The high ADX value value for GPMT suggests a strong trend. |
GPMT Technicals: Chart, Performance Metrics, Trend & Indicators
1.72
-0.03 (-1.71%)
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 0 / 10 to GPMT.
Can you provide the trend direction for GRANITE POINT MORTGAGE TRUST?
The current trend direction for GRANITE POINT MORTGAGE TRUST (GPMT) is Bearish.
What is the RSI signal for GPMT stock?
GRANITE POINT MORTGAGE TRUST (GPMT) has an RSI value of 35.929. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GRANITE POINT MORTGAGE TRUST?
The short term momentum for GRANITE POINT MORTGAGE TRUST (GPMT) is negative.
Can you provide the support and resistance levels for GRANITE POINT MORTGAGE TRUST?
GRANITE POINT MORTGAGE TRUST (GPMT) has a resistance level at 1.81. Check the full technical report for our detailed analysis of GPMT support and resistance levels.