PENNYMAC MORTGAGE INVESTMENT (PMT) Stock Technical Analysis
NYSE:PMT - New York Stock Exchange, Inc. - US70931T1034 - REIT - Currency: USD
Taking everything into account, PMT scores 1 out of 10 in our technical rating. PMT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, PMT is a bad performer in the overall market: 85% of all stocks are doing better.
PMT is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 76% of 66 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.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
In the last month PMT has a been trading in the 12.25 - 13.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PMT has a poor technical rating and the quality of the setup is also 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
11.87
15.19
We found 2 important support areas.
- Support @12.40 from a trend line in the weekly time frame.
- A support zone ranging from 11.99 to 12.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 12.67 to 12.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.21 to 13.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.36 to 14.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.04 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for PMT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PMT is down. |
| ChartMill Relative Strength | 15.99 | NEGATIVE | PMT has a low relative strength, it was outperformed by 84.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PMT is below 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) | 43.45 | NEUTRAL | The RSI value for PMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PMT has a negative trend. |
| Stochastics (14,3) | 19.66 | OVERSOLD | The low Stochastics value suggests PMT may be oversold. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for PMT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.12 | NEGATIVE | The low ADX value for PMT 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)
12.51
-0.12 (-0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-0.95%
1 Week-0.64%
2 Weeks-5.44%
1 Month1.21%
3 Month-3.7%
6 Month-1.57%
12 Month-13.72%
2 Year-2.11%
3 Year-18.55%
5 Year-33.63%
10 Year-29.56%
15 Year-24.41%
Volatility
ATR(14)0.27
ATR(20)%2.09%
ATR Inc15.46%
Range Today0.29
ADR(20)0.24
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.99
Mansfield-1.39
10 Day High13.32
10 Day Low12.45
20 Day High13.37
20 Day Low12.25
52 Week High14.93
52 Week Low11.77
CS1 End12.4
CR1 Start12.67
Volume & EV
DER(3)-2.18%
DER(5)-2.61%
Volume1.06M
Volume Incr6.56%
Vol(5)918.98K
Vol(50)730.09K