TWO HARBORS INVESTMENT CORP (TWO) Stock Technical Analysis
NYSE:TWO - New York Stock Exchange, Inc. - US90187B8046 - REIT - Currency: USD
We assign a technical rating of 0 out of 10 to TWO. TWO'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TWO is a bad performer in the overall market: 85% of all stocks are doing better.
TWO is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 85% of 65 stocks in the same industry do better.
TWO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TWO is lagging the market.
TWO has an average volume of 1742120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TWO has a been trading in the 10.17 - 12.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
TWO has a poor technical rating and the quality of the setup is also not perfect 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
10.47
14.49
When analyzing the support we notice one important area.
- A support zone ranging from 10.58 to 10.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.00 to 11.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.99 to 12.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.88 to 14.35. 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 | DOWN | NEGATIVE | The long term trend for TWO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TWO is down. |
| ChartMill Relative Strength | 15.46 | NEGATIVE | TWO has a low relative strength, it was outperformed by 84.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TWO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TWO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TWO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.74 | NEUTRAL | The RSI value for TWO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TWO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.42 | NEUTRAL | The Stochastics value for TWO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for TWO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.07 | POSITIVE | The high ADX value value for TWO suggests a strong 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)
10.8
-0.18 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-1.64%
1 Week1.31%
2 Weeks1.98%
1 Month-10.37%
3 Month-21.05%
6 Month-8.78%
12 Month-16.8%
2 Year-22.19%
3 Year-45.78%
5 Year-46.43%
10 Year-93.07%
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%2.77%
ATR Inc-30.72%
Range Today0.21
ADR(20)0.28
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.46
Mansfield-1.77
10 Day High11.08
10 Day Low10.17
20 Day High12.15
20 Day Low10.17
52 Week High14.28
52 Week Low10.16
CS1 End10.71
CR1 Start11
Volume & EV
DER(3)-6.69%
DER(5)-2.5%
Volume933.30K
Volume Incr-37.6%
Vol(5)1.04M
Vol(50)1.74M