TWO HARBORS INVESTMENT CORP (TWO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TWO - US90187B8046 - REIT
We assign a technical rating of 9 out of 10 to TWO. Both in the recent history as in the last year, TWO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- TWO is one of the better performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry, it outperforms 97% of 68 stocks in the same industry.
- TWO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TWO is lagging the market slightly.
- In the last month TWO has a been trading in the 9.98 - 14.17 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- TWO has an average volume of 2950350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TWO is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TWO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.47
3 important support areas can be observed.
- A support zone ranging from 10.37 to 10.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.75 from a horizontal line in the daily time frame.
- Support @9.57 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.16 to 14.19. 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 TWO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TWO is up. |
| ChartMill Relative Strength | 87.94 | POSITIVE | TWO has a high relative strength, it outperformed 87.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TWO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TWO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TWO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 85.67 | OVERBOUGHT | The high RSI value suggests TWO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests TWO has a positive trend. |
| Stochastics (14,3) | 96.44 | OVERBOUGHT | The high Stochastics value suggests TWO may be overbought. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TWO suggests some volalility. |
| Average Directional Index/ADX (14) | 34.43 | POSITIVE | The high ADX value value for TWO suggests a strong trend. |
14.1
+0.75 (+5.62%)
TWO HARBORS INVESTMENT CORP / TWO FAQ
Can you provide the ChartMill technical rating for TWO HARBORS INVESTMENT CORP?
ChartMill assigns a technical rating of 9 / 10 to TWO.
What is the current trend direction of TWO HARBORS INVESTMENT CORP (TWO) stock?
The current trend direction for TWO HARBORS INVESTMENT CORP (TWO) is Bullish.
What is the RSI signal for TWO stock?
TWO HARBORS INVESTMENT CORP (TWO) has an RSI value of 85.6681. This indicates that the stock is currently overbought.
What is the short term momentum for TWO stock?
The short term momentum for TWO HARBORS INVESTMENT CORP (TWO) is positive.
What are the support and resistance levels for TWO HARBORS INVESTMENT CORP (TWO) stock?
TWO HARBORS INVESTMENT CORP (TWO) has a support level at 10.52 and a resistance level at 14.16. Check the full technical report for our detailed analysis of TWO support and resistance levels.