NEW RESIDENTIAL INVESTMENT (NRZ) Stock Technical Analysis
NYSE:NRZ - New York Stock Exchange, Inc. - US64828T2015 - REIT - Currency: USD
We assign a technical rating of 6 out of 10 to NRZ. NRZ has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NRZ is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 65 other stocks in this industry. NRZ outperforms 98% of them.
NRZ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NRZ is performing more or less in line with the market.
In the last month NRZ has a been trading in the 9.27 - 11.04 range, which is quite wide. It is currently trading near the high of this range.
NRZ has an average volume of 6072280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NRZ is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
NRZ has an average technical rating and it also 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
8.67
11.87
We found 4 important support areas.
- Support @10.68 from a horizontal line in the daily time frame.
- A support zone ranging from 10.16 to 10.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.32 to 9.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.76 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.04 to 11.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.52 to 11.75. 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 NRZ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRZ is up. |
| ChartMill Relative Strength | 79.32 | POSITIVE | NRZ has a high relative strength, it outperformed 79.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NRZ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.86 | NEUTRAL | The RSI value for NRZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests NRZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.31 | OVERBOUGHT | The high Stochastics value suggests NRZ may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for NRZ suggests some volalility. |
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)
10.89
-0.02 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.18%
1 Week5.42%
2 Weeks11.58%
1 Month14.03%
3 Month-2.16%
6 Month6.35%
12 Month11.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%2.46%
ATR Inc-23.69%
Range Today0.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.32
Mansfield0.78
10 Day High11.04
10 Day Low9.86
20 Day High11.04
20 Day Low9.27
52 Week High11.81
52 Week Low8.18
CS1 End10.68
CR1 Start11.04
Volume & EV
DER(3)1.61%
DER(5)0.45%
Volume5.09M
Volume Incr2.93%
Vol(5)4.64M
Vol(50)6.07M