AG MORTGAGE INVESTMENT TRUST (MITT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MITT - US0012285013 - REIT
We assign a technical rating of 10 out of 10 to MITT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MITT is showing a nice and steady performance.
Besides having an excellent technical rating, MITT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.41. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MITT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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5.90
6 important support areas can be observed.
- A support zone ranging from 7.64 to 7.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.35 to 7.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.13 from a horizontal line in the daily time frame.
- Support @6.97 from a horizontal line in the weekly time frame.
- Support @6.86 from a horizontal line in the daily time frame.
- Support @5.96 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.41 to 8.42. 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 | UP | POSITIVE | The long term trend for MITT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MITT is up. |
| ChartMill Relative Strength | 79.17 | POSITIVE | MITT has a high relative strength, it outperformed 79.17% off all stocks 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) | UP | POSITIVE | The current price of MITT is above the rising 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) | 68.56 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MITT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.96 | OVERBOUGHT | The high Stochastics value suggests MITT may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for MITT suggests low volalility. |
| Average Directional Index/ADX (14) | 44.4 | POSITIVE | The high ADX value value for MITT suggests a strong trend. |
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 |
|---|---|---|---|
| 8.43 | 8.12 | 0.31 (3.68%) | 25.00% |
| An entry @8.43. This is a Buy Stop order right above the resistance zone. | An exit @8.12. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.31 points, which is 3.68%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
8.41
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AG MORTGAGE INVESTMENT TRUST / MITT FAQ
What is the ChartMill technical rating of AG MORTGAGE INVESTMENT TRUST (MITT) stock?
ChartMill assigns a technical rating of 10 / 10 to MITT.
What is the trend direction for MITT stock?
The current trend direction for AG MORTGAGE INVESTMENT TRUST (MITT) is Bullish.
What is the RSI signal for MITT stock?
AG MORTGAGE INVESTMENT TRUST (MITT) has an RSI value of 68.555. This indicates that the stock is currently neutral.
What is the MACD signal for AG MORTGAGE INVESTMENT TRUST (MITT) stock?
The MACD indicator for AG MORTGAGE INVESTMENT TRUST (MITT) has a value of 0.0069359, indicating a bearish trend.
What is the buy/sell signal for MITT stock?
The buy/sell signal for AG MORTGAGE INVESTMENT TRUST (MITT) is buy as both the short term and long term trends are positive.