AG MORTGAGE INVESTMENT TRUST (MITT) Stock Technical Analysis
USA - NYSE:MITT - US0012285013 - REIT
7.04 USD
-0.01 (-0.14%)
7.04 USD
0 (0%)
Overall MITT gets a technical rating of 0 out of 10. MITT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
77% of all other stocks performed better in the past year than MITT.
MITT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MITT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 66 other stocks in this industry, MITT did better than 43% of them.
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.
Although the technical rating is bad, MITT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.00, a Stop Loss order could be placed below this zone.
More info and screens
5.87
8.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.86 to 7.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.93 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.32 to 7.48. 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 | 23.95 | NEGATIVE | MITT has a low relative strength, it was outperformed by 76.05% off all stocks 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) | DOWN | NEGATIVE | The current price of MITT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MITT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.68 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MITT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.53 | NEUTRAL | The Stochastics value for MITT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for MITT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.31 | POSITIVE | The high ADX value value for MITT suggests a strong 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)
7.04
-0.01 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.14%
1 Week1.29%
2 Weeks-4.35%
1 Month-9.86%
3 Month-7.73%
6 Month12.1%
12 Month-6.88%
2 Year39.68%
3 Year43.38%
5 Year-10.09%
10 Year-84.57%
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%2.7%
ATR Inc-4.46%
Range Today0.11
ADR(20)0.18
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.95
Mansfield-1.09
10 Day High7.41
10 Day Low6.92
20 Day High7.93
20 Day Low6.92
52 Week High7.97
52 Week Low5.63
CS1 End7
CR1 Start7.32
Volume & EV
DER(3)-4.52%
DER(5)-4.52%
Volume119.57K
Volume Incr-23.72%
Vol(5)154.59K
Vol(50)181.85K