AG MORTGAGE INVESTMENT TRUST (MITT) Stock Technical Analysis
NYSE:MITT - New York Stock Exchange, Inc. - US0012285013 - REIT - Currency: USD
Overall MITT gets a technical rating of 6 out of 10. MITT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MITT is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 92% of 65 stocks in the same industry.
MITT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MITT is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, MITT outperforms 56% of them, which is more or less in line with the market.
In the last month MITT has a been trading in the 6.77 - 7.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
MITT 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
5.83
8.00
3 important support areas can be observed.
- A support zone ranging from 7.09 to 7.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.78 to 6.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.89 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.74 to 7.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MITT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MITT is up. |
| ChartMill Relative Strength | 56.24 | NEUTRAL | MITT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MITT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MITT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MITT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.98 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MITT has a positive trend. |
| Stochastics (14,3) | 67.06 | NEUTRAL | The Stochastics value for MITT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for MITT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.19 | NEGATIVE | The low ADX value for MITT 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.66 | 7.08 | 0.58 (7.57%) | 13.21% |
| An entry @7.66. This is a Buy Stop order right above the 10 day high. | An exit @7.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.58 points, which is 7.57%. | When investing 13.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.33
+0.09 (+1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg1.24%
1 Week4.27%
2 Weeks5.32%
1 Month8.27%
3 Month-2.14%
6 Month6.08%
12 Month7.79%
2 Year19.77%
3 Year8.59%
5 Year-23.41%
10 Year-85.86%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%2.81%
ATR Inc25.58%
Range Today0.16
ADR(20)0.2
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.24
Mansfield0.02
10 Day High7.65
10 Day Low6.81
20 Day High7.65
20 Day Low6.77
52 Week High7.95
52 Week Low5.63
CS1 End7.15
CR1 Start7.74
Volume & EV
DER(3)-2.24%
DER(5)0.21%
Volume140.10K
Volume Incr104.89%
Vol(5)337.84K
Vol(50)241.72K