TPG MORTGAGE INVESTMENT TRUS (MITT) Technical Analysis
NYSE:MITT • US0012285013
Current stock price
MITT Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to MITT. MITT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- MITT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 68 other stocks in this industry. MITT outperforms 92% of them.
- In the last month MITT has a been trading in the 7.09 - 8.13 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, MITT turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
- MITT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MITT is lagging the market.
MITT Weekly and Daily overview Charts
MITT Setup Rating and Analysis
Although the technical rating is only medium, MITT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 7.93, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
MITT Support and Resistance Analysis
6.99
We found 5 important support areas.
- A support zone ranging from 7.87 to 7.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.69 to 7.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.42 from a trend line in the weekly time frame.
- A support zone ranging from 7.25 to 7.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.06 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.22 to 9.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
MITT Technical Indicator Signal Analysis
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 | 56.41 | 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) | 58.64 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MITT has a positive trend. |
| Stochastics (14,3) | 87.83 | OVERBOUGHT | The high Stochastics value suggests MITT may be overbought. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MITT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.1 | NEGATIVE | The low ADX value for MITT suggests a weak or negative trend. |
MITT Chart- and CandleStick Pattern Analysis
MITT Technicals: Chart, Performance Metrics, Trend & Indicators
8.08
+0.16 (+2.02%)
TPG MORTGAGE INVESTMENT TRUS / MITT TA FAQ
What is the technical rating for MITT stock?
ChartMill assigns a technical rating of 4 / 10 to MITT.
What is the current trend direction of TPG MORTGAGE INVESTMENT TRUS (MITT) stock?
The current trend direction for TPG MORTGAGE INVESTMENT TRUS (MITT) is Bearish.
What is the RSI signal for TPG MORTGAGE INVESTMENT TRUS (MITT) stock?
TPG MORTGAGE INVESTMENT TRUS (MITT) has an RSI value of 58.6397. This indicates that the stock is currently neutral.
What is the MACD signal for TPG MORTGAGE INVESTMENT TRUS (MITT) stock?
The MACD indicator for TPG MORTGAGE INVESTMENT TRUS (MITT) has a value of 0.0610786, indicating a bearish trend.
Can you provide the support and resistance levels for TPG MORTGAGE INVESTMENT TRUS?
TPG MORTGAGE INVESTMENT TRUS (MITT) has a support level at 7.93 and a resistance level at 9.22. Check the full technical report for our detailed analysis of MITT support and resistance levels.