NEW YORK MORTGAGE TRUST INC (NYMT) Stock Technical Analysis
USA - NASDAQ:NYMT - US6496048405 - REIT
7.11 USD
-0.11 (-1.52%)
7.0625 USD
-0.05 (-0.67%)
We assign a technical rating of 8 out of 10 to NYMT. Although NYMT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
NYMT is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 67 other stocks in this industry. NYMT outperforms 89% of them.
NYMT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NYMT has a been trading in the 6.48 - 7.23 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, NYMT turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
NYMT 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
5.19
7.30
4 important support areas can be observed.
- A support zone ranging from 6.79 to 7.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.57 to 6.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @5.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.19 to 7.23. 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 | UP | POSITIVE | The short term trend for NYMT is up. |
| ChartMill Relative Strength | 57.2 | NEUTRAL | NYMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NYMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NYMT is above 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) | 57.37 | NEUTRAL | The RSI value for NYMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NYMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.71 | OVERBOUGHT | The high Stochastics value suggests NYMT may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for NYMT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.03 | 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)
7.11
-0.11 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-1.52%
1 Week0.14%
2 Weeks4.25%
1 Month5.8%
3 Month5.02%
6 Month1.43%
12 Month11.44%
2 Year-16.25%
3 Year-24.04%
5 Year-30.29%
10 Year-67.62%
15 Year-71.61%
Volatility
ATR(14)0.15
ATR(20)%2.17%
ATR Inc31.97%
Range Today0.18
ADR(20)0.14
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.2
Mansfield0.23
10 Day High7.23
10 Day Low6.83
20 Day High7.23
20 Day Low6.48
52 Week High7.27
52 Week Low5.01
CS1 End7.08
CR1 Start7.19
Volume & EV
DER(3)2.41%
DER(5)2.08%
Volume874.00K
Volume Incr-31.79%
Vol(5)503.42K
Vol(50)639.17K