AG MORTGAGE INVESTMENT TRUST (MITT) Stock Technical Analysis
USA - NYSE:MITT - US0012285013 - REIT
7.77 USD
+0.06 (+0.78%)
7.77 USD
0 (0%)
Taking everything into account, MITT scores 6 out of 10 in our technical rating. Although MITT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, MITT is a bad performer in the overall market: 72% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
MITT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MITT has a been trading in the 7.39 - 7.97 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
MITT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 67 other stocks in this industry, MITT did better than 56% of them.
MITT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.76, a Stop Loss order could be placed below this zone.
More info and screens
5.85
8.04
4 important support areas can be observed.
- A support zone ranging from 7.47 to 7.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.13 from a horizontal line in the daily time frame.
- 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 @5.91 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.81 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 | 28.91 | NEGATIVE | MITT has a low relative strength, it was outperformed by 71.09% 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) | 54.95 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MITT has a negative trend. |
| Stochastics (14,3) | 52.68 | NEUTRAL | The Stochastics value for MITT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for MITT suggests low volalility. |
| Average Directional Index/ADX (14) | 21.26 | NEUTRAL | The ADX value for MITT suggests a possible start of a new 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)
7.77
+0.06 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg0.78%
1 Week0%
2 Weeks0.26%
1 Month5.43%
3 Month-2.26%
6 Month3.74%
12 Month-0.26%
2 Year40%
3 Year89.05%
5 Year-6.16%
10 Year-82.98%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.81%
ATR Inc45.31%
Range Today0.21
ADR(20)0.14
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.91
Mansfield-0.24
10 Day High7.97
10 Day Low7.62
20 Day High7.97
20 Day Low7.39
52 Week High7.97
52 Week Low5.63
CS1 End7.76
CR1 Start7.81
Volume & EV
DER(3)-1.48%
DER(5)-0.33%
Volume188.88K
Volume Incr46.2%
Vol(5)218.81K
Vol(50)184.62K