NEW YORK MORTGAGE TRUST INC (NYMT) Stock Technical Analysis
USA - NASDAQ:NYMT - US6496048405 - REIT
Overall NYMT gets a technical rating of 8 out of 10. 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.
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.
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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.
We found 1 important resistance 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. |
7.11
-0.11 (-1.52%)
NEW YORK MORTGAGE TRUST INC / NYMT FAQ
Can you provide the ChartMill technical rating for NEW YORK MORTGAGE TRUST INC?
ChartMill assigns a technical rating of 8 / 10 to NYMT.
Can you provide the trend direction for NEW YORK MORTGAGE TRUST INC?
The current trend direction for NEW YORK MORTGAGE TRUST INC (NYMT) is Bullish.
Can you provide the RSI signal for NEW YORK MORTGAGE TRUST INC?
NEW YORK MORTGAGE TRUST INC (NYMT) has an RSI value of 57.3694. This indicates that the stock is currently neutral.
What is the short term momentum for NEW YORK MORTGAGE TRUST INC (NYMT) stock?
The short term momentum for NEW YORK MORTGAGE TRUST INC (NYMT) is positive.
What is the support and resistance level for NYMT stock?
NEW YORK MORTGAGE TRUST INC (NYMT) has a support level at 7.08 and a resistance level at 7.19. Check the full technical report for our detailed analysis of NYMT support and resistance levels.