NEW YORK MORTGAGE TRUST INC (NYMT) Stock Technical Analysis
NASDAQ:NYMT - Nasdaq - US6496048405 - REIT - Currency: USD
We assign a technical rating of 4 out of 10 to NYMT. In the last year, NYMT was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
NYMT is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 89% of 67 stocks in the same industry.
NYMT 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 NYMT is lagging the market slightly.
In the last month NYMT has a been trading in the 6.16 - 7.07 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, NYMT outperforms 50% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
NYMT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for NYMT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.18
7.27
We found 3 important support areas.
- A support zone ranging from 6.57 to 6.65. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 6.32 to 6.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 5.23 to 5.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.70 to 6.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.01 to 7.20. 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 NYMT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NYMT is neutral. |
| ChartMill Relative Strength | 50.25 | NEUTRAL | NYMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NYMT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NYMT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NYMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.61 | NEUTRAL | The RSI value for NYMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NYMT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.95 | NEUTRAL | The Stochastics value for NYMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for NYMT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.86 | NEGATIVE | The low ADX value for NYMT suggests a weak or negative 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)
6.68
-0.04 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.6%
1 Week-2.05%
2 Weeks-3.47%
1 Month-0.15%
3 Month2.61%
6 Month9.15%
12 Month6.37%
2 Year-29.83%
3 Year-40.36%
5 Year-36.74%
10 Year-74.46%
15 Year-73.41%
Volatility
ATR(14)0.21
ATR(20)%2.71%
ATR Inc-7.5%
Range Today0.17
ADR(20)0.17
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.25
Mansfield-0.15
10 Day High7.07
10 Day Low6.16
20 Day High7.07
20 Day Low6.16
52 Week High7.27
52 Week Low5.01
CS1 End6.65
CR1 Start6.7
Volume & EV
DER(3)6.08%
DER(5)3.74%
Volume635.40K
Volume Incr116.27%
Vol(5)1.18M
Vol(50)668.95K