TPG MORTGAGE INVESTMENT TRUS (MITT) Technical Analysis
NYSE:MITT • US0012285013
Current stock price
MITT Technical Rating and Analysis
Taking everything into account, MITT scores 0 out of 10 in our technical rating. MITT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 75% of all other stocks performed better in the past year than MITT.
- In the last month MITT has a been trading in the 7.24 - 8.27 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 68 other stocks in this industry, MITT did better than 47% of them.
- MITT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MITT is lagging the market slightly.
MITT Weekly and Daily overview Charts
MITT Setup Rating and Analysis
Although the technical rating is bad, MITT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.29, a Stop Loss order could be placed below this zone.
More info and screens
MITT Support and Resistance Analysis
6.89
We found 3 important support areas.
- A support zone ranging from 7.29 to 7.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.13 from a horizontal line in the daily time frame.
- Support @6.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.49 to 7.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.90 to 7.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.06 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for MITT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MITT is down. |
| ChartMill Relative Strength | 25.49 | NEGATIVE | MITT has a low relative strength, it was outperformed by 74.51% 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) | DOWN | NEGATIVE | The current price of MITT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.16 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MITT has a negative trend. |
| Stochastics (14,3) | 17.91 | OVERSOLD | The low Stochastics value suggests MITT may be oversold. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for MITT suggests some volalility. |
| Average Directional Index/ADX (14) | 28 | POSITIVE | The high ADX value value for MITT suggests a strong trend. |
MITT Chart- and CandleStick Pattern Analysis
MITT Technicals: Chart, Performance Metrics, Trend & Indicators
7.3
-0.19 (-2.54%)
TPG MORTGAGE INVESTMENT TRUS / MITT TA FAQ
What is the technical rating for MITT stock?
ChartMill assigns a technical rating of 0 / 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.
Can you provide the RSI signal for TPG MORTGAGE INVESTMENT TRUS?
TPG MORTGAGE INVESTMENT TRUS (MITT) has an RSI value of 36.158. This indicates that the stock is currently neutral.
What is the short term momentum for MITT stock?
The short term momentum for TPG MORTGAGE INVESTMENT TRUS (MITT) is negative.
What is the support and resistance level for MITT stock?
TPG MORTGAGE INVESTMENT TRUS (MITT) has a support level at 7.29 and a resistance level at 7.49. Check the full technical report for our detailed analysis of MITT support and resistance levels.