PENNYMAC MORTGAGE INVESTMENT (PMT) Stock Technical Analysis
USA - NYSE:PMT - US70931T1034 - REIT
We assign a technical rating of 2 out of 10 to PMT. 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.
Although the technical rating is bad, PMT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 11.79, a Stop Loss order could be placed below this zone.
More info and screens
11.52
We found 1 important support area.
- A support zone ranging from 11.64 to 11.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 12.18 to 12.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.58 to 12.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @12.92 from a horizontal line in the daily time frame.
- Resistance @14.25 from a trend line in the weekly time frame.
- Resistance @14.50 from a horizontal line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for PMT is neutral. |
| ChartMill Relative Strength | 25.5 | NEGATIVE | PMT has a low relative strength, it was outperformed by 74.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PMT is below the rising 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) | 45.66 | NEUTRAL | The RSI value for PMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.21 | NEUTRAL | The Stochastics value for PMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for PMT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.19 | NEGATIVE | The low ADX value for PMT suggests a weak or negative trend. |
12.04
0 (0%)
PENNYMAC MORTGAGE INVESTMENT / PMT FAQ
What is the ChartMill technical rating of PENNYMAC MORTGAGE INVESTMENT (PMT) stock?
ChartMill assigns a technical rating of 2 / 10 to PMT.
What is the current trend direction of PENNYMAC MORTGAGE INVESTMENT (PMT) stock?
The current trend direction for PENNYMAC MORTGAGE INVESTMENT (PMT) is Bearish.
What is the RSI signal for PENNYMAC MORTGAGE INVESTMENT (PMT) stock?
PENNYMAC MORTGAGE INVESTMENT (PMT) has an RSI value of 45.6609. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PENNYMAC MORTGAGE INVESTMENT?
PENNYMAC MORTGAGE INVESTMENT (PMT) has a support level at 11.79 and a resistance level at 12.18. Check the full technical report for our detailed analysis of PMT support and resistance levels.