PENNYMAC MORTGAGE INVESTMENT (PMT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PMT - US70931T1034 - REIT
Overall PMT gets a technical rating of 4 out of 10. PMT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
PMT has an average technical rating and it also does not offer a high quality setup 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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11.52
When analyzing the support we notice one important area.
- A support zone ranging from 11.64 to 11.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 13.19 to 13.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 37.77 | NEUTRAL | PMT is not amongst the best or worst performers 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 | POSITIVE | The current price of PMT is above 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) | 45.47 | NEUTRAL | The RSI value for PMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PMT has a negative trend. |
| Stochastics (14,3) | 27.96 | NEUTRAL | The Stochastics value for PMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for PMT suggests low volalility. |
| Average Directional Index/ADX (14) | 18.07 | NEGATIVE | The low ADX value for PMT suggests a weak or negative trend. |
12.53
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PENNYMAC MORTGAGE INVESTMENT / PMT FAQ
What is the ChartMill technical rating of PENNYMAC MORTGAGE INVESTMENT (PMT) stock?
ChartMill assigns a technical rating of 4 / 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 45.4707. 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 11.8 and a resistance level at 13.19. Check the full technical report for our detailed analysis of PMT support and resistance levels.