GRANITE POINT MORTGAGE TRUST (GPMT) Stock Technical Analysis
NYSE:GPMT - New York Stock Exchange, Inc. - US38741L1070 - REIT - Currency: USD
We assign a technical rating of 4 out of 10 to GPMT. Recently some decent action could be observed, but in the medium term time frame this is still negative. GPMT was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than GPMT.
GPMT is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 73% of 65 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month GPMT has a been trading in the 2.10 - 2.69 range, which is quite wide. It is currently trading near the high of this range.
GPMT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GPMT is lagging the market slightly.
GPMT has an average technical rating and also the quality of the setup is only medium 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
2.30
2.77
We found 1 important support area.
- Support @2.32 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.58 to 2.60. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @2.69 from a horizontal line in the daily time frame.
- Resistance @2.74 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for GPMT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GPMT is up. |
| ChartMill Relative Strength | 20.87 | NEGATIVE | GPMT has a low relative strength, it was outperformed by 79.13% 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 | NEGATIVE | The current price of GPMT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.82 | 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) | 79.46 | NEUTRAL | The Stochastics value for GPMT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for GPMT suggests some volalility. |
| Average Directional Index/ADX (14) | 36.17 | POSITIVE | The high ADX value value for GPMT suggests a strong 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)
2.54
-0.04 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-1.55%
1 Week-0.39%
2 Weeks9.01%
1 Month16.51%
3 Month-9.61%
6 Month-23.03%
12 Month-17.8%
2 Year-52.08%
3 Year-73.46%
5 Year-64.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%4.38%
ATR Inc2.04%
Range Today0.09
ADR(20)0.11
ADR(20)%4.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.87
Mansfield-1.24
10 Day High2.69
10 Day Low2.26
20 Day High2.69
20 Day Low2.1
52 Week High3.66
52 Week Low1.61
CS1 End2.32
CR1 Start2.58
Volume & EV
DER(3)3.18%
DER(5)1.98%
Volume376.21K
Volume Incr8.24%
Vol(5)411.78K
Vol(50)441.86K