MORT Technical Analysis - VANECK MORTGAGE REIT INCOME

Technical Rating and Analysis

Taking everything into account, MORT scores 0 out of 10 in our technical rating. MORT'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, MORT is a bad performer in the overall market: 75% of all stocks are doing better.

MORT is one of the lesser performing stocks in the Automobile Components industry. 80% of 81 stocks in the same industry do better.

In the last month MORT has a been trading in the 10.25 - 11.19 range, which is quite wide. It is currently trading near the lows of this range.

MORT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MORT is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK MORTGAGE REIT INCOME / MORT Weekly stock chart

VANECK MORTGAGE REIT INCOME / MORT Daily stock chart

Setup Rating and Analysis

MORT has a poor technical rating and the quality of the setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.15

11.94

When analyzing the support we notice one important area.

A support zone ranging from 10.25 to 10.35. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 10.48 to 10.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 11.27 to 11.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @11.82 from a horizontal line in the weekly time frame.

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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 MORT is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MORT is down.
ChartMill Relative Strength	25.92	NEGATIVE	MORT has a low relative strength, it was outperformed by 74.08% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MORT is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MORT is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MORT is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.26	NEUTRAL	The RSI value for MORT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests MORT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	11.11	OVERSOLD	The low Stochastics value suggests MORT may be oversold.
Average True Range in percent/ATR (20)	1.58	LOW VOLATILITY	The low ATR as a percentage value for MORT suggests low volalility.
Average Directional Index/ADX (14)	25.96	POSITIVE	The high ADX value value for MORT suggests a strong trend.