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 9 out of 10 in our technical rating. 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 and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MITT is one of the better performing stocks in the market, outperforming 73% of all stocks.
MITT is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 100% of 65 stocks in the same industry.
MITT is currently making a new 52 week high. This is a strong signal. 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 6.93 - 7.95 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although MITT has an excellent technical rating, it does not offer a high 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
5.87
8.04
We found 3 important support areas.
- Support @7.91 from a horizontal line in the daily time frame.
- A support zone ranging from 7.02 to 7.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.93 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.96 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 | 73.67 | POSITIVE | MITT has a high relative strength, it outperformed 73.67% 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) | 67.64 | NEUTRAL | The RSI value for MITT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MITT has a positive trend. |
| Stochastics (14,3) | 92.84 | OVERBOUGHT | The high Stochastics value suggests MITT may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for MITT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.77 | 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)
7.95
+0.13 (+1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg1.66%
1 Week5.3%
2 Weeks7.14%
1 Month13.09%
3 Month6.14%
6 Month14.06%
12 Month19.73%
2 Year29.9%
3 Year17.78%
5 Year-16.93%
10 Year-84.66%
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%2.56%
ATR Inc-8.43%
Range Today0.17
ADR(20)0.2
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.67
Mansfield0.47
10 Day High7.95
10 Day Low7.12
20 Day High7.95
20 Day Low6.93
52 Week High7.95
52 Week Low5.63
CS1 End7.91
CR1 Start7.96
Volume & EV
DER(3)-3.96%
DER(5)-2.15%
Volume700.50K
Volume Incr53.63%
Vol(5)328.26K
Vol(50)221.42K