GRANITE POINT MORTGAGE TRUST (GPMT) Stock Technical Analysis
USA - NYSE:GPMT - US38741L1070 - REIT
2.71 USD
+0.01 (+0.37%)
2.7289 USD
+0.02 (+0.7%)
Overall GPMT gets a technical rating of 2 out of 10. GPMT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
78% of all other stocks performed better in the past year than GPMT.
In the last month GPMT has a been trading in the 2.59 - 2.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
GPMT is an average performer in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 41% of 68 stocks in the same industry.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GPMT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.69, a Stop Loss order could be placed below this zone.
More info and screens
2.54
3.22
We found 2 important support areas.
- A support zone ranging from 2.68 to 2.69. 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 4 important areas.
- A resistance zone ranging from 2.72 to 2.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.82 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- 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 | NEUTRAL | NEUTRAL | The long term trend for GPMT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GPMT is neutral. |
| ChartMill Relative Strength | 22.86 | NEGATIVE | GPMT has a low relative strength, it was outperformed by 77.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GPMT is below the rising 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 | MIXED | The current price of GPMT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.55 | 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) | 50 | NEUTRAL | The Stochastics value for GPMT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for GPMT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.66 | 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)
2.71
+0.01 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.37%
1 Week-0.73%
2 Weeks3.44%
1 Month0.37%
3 Month-4.58%
6 Month13.87%
12 Month-23.01%
2 Year-50.73%
3 Year-57.72%
5 Year-70.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%3.47%
ATR Inc-24.13%
Range Today0.07
ADR(20)0.09
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.86
3 months CRS34.26
6 months CRS72.73
Mansfield-0.68
10 Day High2.85
10 Day Low2.6
20 Day High2.85
20 Day Low2.59
52 Week High3.66
52 Week Low1.61
CS1 End2.69
CR1 Start2.72
Volume & EV
DER(3)1%
DER(5)-0.68%
Volume85.80K
Volume Incr-37.25%
Vol(5)130.10K
Vol(50)213.97K
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 2 / 10 to GPMT.
What is the trend direction for GPMT stock?
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 47.5465. 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 0.0074866, indicating a bearish trend.