AG MORTGAGE INVESTMENT TRUST (MITT) Stock Technical Analysis
NYSE:MITT - New York Stock Exchange, Inc. - US0012285013 - REIT - Currency: USD
Taking everything into account, MITT scores 2 out of 10 in our technical rating. MITT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month MITT has a been trading in the 6.86 - 7.89 range, which is quite wide. It is currently trading near the lows of this range.
MITT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 67 other stocks in this industry. MITT outperforms 92% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
Volume is considerably higher in the last couple of days.
The technical rating of MITT 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
5.94
8.04
We found 2 important support areas.
- A support zone ranging from 6.95 to 6.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.00 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.35 to 7.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for MITT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MITT is down. |
| ChartMill Relative Strength | 56.14 | NEUTRAL | MITT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MITT is below a declining 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) | DOWN | MIXED | The current price of MITT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.26 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MITT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.94 | OVERSOLD | The low Stochastics value suggests MITT may be oversold. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for MITT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.73 | 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)
7.25
+0.29 (+4.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg4.17%
1 Week-5.6%
2 Weeks-7.05%
1 Month-5.72%
3 Month6.15%
6 Month3.87%
12 Month7.57%
2 Year9.35%
3 Year13.1%
5 Year-13.07%
10 Year-85.38%
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%2.41%
ATR Inc44.93%
Range Today0.34
ADR(20)0.17
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.14
Mansfield-0.62
10 Day High7.83
10 Day Low6.86
20 Day High7.89
20 Day Low6.86
52 Week High7.95
52 Week Low5.63
CS1 End6.96
CR1 Start7.35
Volume & EV
DER(3)2.32%
DER(5)1.29%
Volume328.10K
Volume Incr126.64%
Vol(5)327.32K
Vol(50)212.89K