GRANITE POINT MORTGAGE TRUST (GPMT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GPMT - US38741L1070 - REIT
We assign a technical rating of 0 out of 10 to GPMT. 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 technical rating of GPMT is bad and it also does not present a quality setup 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
2.19
We found 1 important support area.
- A support zone ranging from 2.21 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.65 to 2.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.82 to 2.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 14.56 | NEGATIVE | GPMT has a low relative strength, it was outperformed by 85.44% 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) | 26.89 | OVERSOLD | The low RSI value suggests GPMT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GPMT has a negative trend. |
| Stochastics (14,3) | 3.79 | OVERSOLD | The low Stochastics value suggests GPMT may be oversold. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for GPMT suggests some volalility. |
| Average Directional Index/ADX (14) | 34.2 | POSITIVE | The high ADX value value for GPMT suggests a strong trend. |
2.22
-0.03 (-1.33%)
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 26.8904. This indicates that the stock is currently oversold.
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 support level at 2.21 and a resistance level at 2.65. Check the full technical report for our detailed analysis of GPMT support and resistance levels.