PENNYMAC MORTGAGE INVESTMENT (PMT) Stock Technical Analysis
NYSE:PMT - US70931T1034 - REIT
12.31 USD
+0.13 (+1.07%)
12.1806 USD
-0.13 (-1.05%)
Taking everything into account, PMT scores 1 out of 10 in our technical rating. PMT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PMT is a bad performer in the overall market: 81% of all stocks are doing better.
PMT is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 78% of 67 stocks in the same industry do better.
PMT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PMT has a been trading in a tight range between 11.82 and 12.39.
PMT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PMT 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
11.66
14.65
When analyzing the support we notice one important area.
- A support zone ranging from 11.78 to 12.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.42 to 12.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.92 from a horizontal line in the daily time frame.
- A resistance zone ranging from 13.13 to 13.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.38 to 14.50. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for PMT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PMT is neutral. |
| ChartMill Relative Strength | 19.33 | NEGATIVE | PMT has a low relative strength, it was outperformed by 80.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PMT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.23 | NEUTRAL | The RSI value for PMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PMT has a positive trend. |
| Stochastics (14,3) | 66.03 | NEUTRAL | The Stochastics value for PMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for PMT suggests low volalility. |
| Average Directional Index/ADX (14) | 21.35 | NEUTRAL | The ADX value for PMT suggests a possible start of a new 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)
12.31
+0.13 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg1.07%
1 Week-0.4%
2 Weeks1.23%
1 Month4.32%
3 Month0.24%
6 Month-15.97%
12 Month-13.37%
2 Year-8.2%
3 Year-17.1%
5 Year-28.18%
10 Year-18.31%
15 Year-29.54%
Volatility
ATR(14)0.22
ATR(20)%1.69%
ATR Inc-12.36%
Range Today0.21
ADR(20)0.19
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.33
Mansfield-1.5
10 Day High12.39
10 Day Low11.88
20 Day High12.39
20 Day Low11.82
52 Week High14.93
52 Week Low11.7
CS1 End12.27
CR1 Start12.42
Volume & EV
DER(3)6%
DER(5)6.14%
Volume534.40K
Volume Incr-18.87%
Vol(5)596.78K
Vol(50)840.16K