AG MORTGAGE INVESTMENT TRUST (MITT) Stock Technical Analysis
NYSE:MITT - US0012285013 - REIT
7.56 USD
+0.07 (+0.93%)
7.56 USD
0 (0%)
We assign a technical rating of 7 out of 10 to MITT. Although MITT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
MITT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 67 other stocks in this industry. MITT outperforms 80% of them.
MITT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MITT is lagging the market slightly.
In the last month MITT has a been trading in the 6.86 - 7.75 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, MITT outperforms 50% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, MITT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.74. Right above this resistance zone may be a good entry point.
More info and screens
5.98
8.04
We found 4 important support areas.
- A support zone ranging from 7.38 to 7.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.13 to 7.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.86 to 6.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.74 to 7.96. 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 | 50.87 | 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) | UP | MIXED | The current price of MITT is below 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) | 53.92 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MITT has a positive trend. |
| Stochastics (14,3) | 52.29 | NEUTRAL | The Stochastics value for MITT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for MITT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.39 | 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 |
|---|---|---|---|
| 7.59 | 7.37 | 0.22 (2.90%) | 25.00% |
| An entry @7.59. This is a Buy Stop order right above the 10 day high. | An exit @7.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 2.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The distance between exit and entry is rather small compared to the average daily movement of MITT. Please evaluate whether better entry and exit points can be found.
- 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.
7.56
+0.07 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.93%
1 Week1.34%
2 Weeks2.44%
1 Month8.46%
3 Month8.62%
6 Month-0.13%
12 Month1.61%
2 Year14.03%
3 Year17.94%
5 Year-9.35%
10 Year-84.75%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2.36%
ATR Inc-34.02%
Range Today0.12
ADR(20)0.17
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.87
Mansfield-0.35
10 Day High7.58
10 Day Low7.24
20 Day High7.75
20 Day Low6.86
52 Week High7.95
52 Week Low5.63
CS1 End7.41
CR1 Start7.74
Volume & EV
DER(3)-4.07%
DER(5)-0.66%
Volume109.40K
Volume Incr-52.51%
Vol(5)107.12K
Vol(50)201.41K