NEW YORK MORTGAGE TRUST INC (NYMT) Technical Analysis
NASDAQ:NYMT • US6496048405
Current stock price
NYMT Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to NYMT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NYMT is only an average performer.
- The long and short term trends are both positive. This is looking good!
- NYMT is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 82% of 68 stocks in the same industry.
- NYMT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NYMT is leading 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 compared to the yearly performance of all other stocks, NYMT outperforms 57% of them, which is more or less in line with the market.
NYMT Weekly and Daily overview Charts
NYMT Setup Rating and Analysis
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
NYMT Support and Resistance Analysis
5.19
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.
NYMT 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 | 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. |
NYMT Chart- and CandleStick Pattern Analysis
NYMT Technicals: Chart, Performance Metrics, Trend & Indicators
7.11
-0.11 (-1.52%)
NEW YORK MORTGAGE TRUST INC / NYMT TA FAQ
What is the ChartMill technical rating of NEW YORK MORTGAGE TRUST INC (NYMT) stock?
ChartMill assigns a technical rating of 8 / 10 to NYMT.
What is the current trend direction of NEW YORK MORTGAGE TRUST INC (NYMT) stock?
The current trend direction for NEW YORK MORTGAGE TRUST INC (NYMT) is Bullish.
What is the RSI signal for NYMT stock?
NEW YORK MORTGAGE TRUST INC (NYMT) has an RSI value of 57.3694. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEW YORK MORTGAGE TRUST INC?
The MACD indicator for NEW YORK MORTGAGE TRUST INC (NYMT) has a value of 0.0242038, indicating a bearish trend.
What is the short term momentum for NYMT stock?
The short term momentum for NEW YORK MORTGAGE TRUST INC (NYMT) is positive.