TPG MORTGAGE INVESTMENT TRUS (MITT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MITT • US0012285013
We assign a technical rating of 9 out of 10 to MITT. Both in the recent history as in the last year, MITT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that MITT is one of the better performing stocks in the market, outperforming 84% of all stocks.
- MITT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 68 other stocks in this industry. MITT outperforms 100% 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 8.29 - 9.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MITT has an excellent technical rating, but the quality of the setup is only medium 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
7 important support areas can be observed.
- A support zone ranging from 8.47 to 8.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.66 to 7.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @7.30 from a trend line in the daily time frame.
- Support @7.13 from a horizontal line in the daily time frame.
- Support @6.97 from a horizontal line in the weekly time frame.
- Support @6.86 from a horizontal line in the daily time frame.
- Support @6.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.22 to 9.22. 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 | NEUTRAL | NEUTRAL | The short term trend for MITT is neutral. |
| ChartMill Relative Strength | 84.25 | POSITIVE | MITT has a high relative strength, it outperformed 84.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MITT is below 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) | 45.19 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MITT has a negative trend. |
| Stochastics (14,3) | 36.47 | NEUTRAL | The Stochastics value for MITT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MITT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.75 | NEUTRAL | The ADX value for MITT suggests a possible start of a new trend. |
8.6
-0.37 (-4.12%)
TPG MORTGAGE INVESTMENT TRUS / MITT FAQ
What is the technical rating for MITT stock?
ChartMill assigns a technical rating of 9 / 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 Bullish.
Can you provide the RSI signal for TPG MORTGAGE INVESTMENT TRUS?
TPG MORTGAGE INVESTMENT TRUS (MITT) has an RSI value of 45.1897. 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 neutral.
What is the support and resistance level for MITT stock?
TPG MORTGAGE INVESTMENT TRUS (MITT) has a support level at 8.59 and a resistance level at 9.22. Check the full technical report for our detailed analysis of MITT support and resistance levels.