Western Asset Mortgage Capital Corporation (WMC) Stock Technical Analysis
USA - NYSE:WMC - US95790D2045 - REIT
We assign a technical rating of 3 out of 10 to WMC. In the past year, WMC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of WMC is bad and it also does not present a 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.
More info and screens
7.91
We found 3 important support areas.
- A support zone ranging from 8.52 to 8.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.19 to 8.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.99 to 8.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @9.42 from a trend line in the weekly time frame.
- Resistance @10.32 from a trend 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 WMC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WMC is up. |
| ChartMill Relative Strength | 27.49 | NEGATIVE | WMC has a low relative strength, it was outperformed by 72.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WMC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WMC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WMC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.55 | NEUTRAL | The RSI value for WMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests WMC has a positive trend. |
| Stochastics (14,3) | 93.96 | OVERBOUGHT | The high Stochastics value suggests WMC may be overbought. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for WMC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.89 | NEGATIVE | The low ADX value for WMC suggests a weak or negative trend. |
Western Asset Mortgage Capital Corporation
NYSE:WMC (12/5/2023, 8:25:54 PM)
9.18
+0.39 (+4.44%)
Western Asset Mortgage Capital Corporation / WMC FAQ
What is the ChartMill technical rating of Western Asset Mortgage Capital Corporation (WMC) stock?
ChartMill assigns a technical rating of 3 / 10 to WMC.
What is the trend direction for WMC stock?
The current trend direction for Western Asset Mortgage Capital Corporation (WMC) is Bearish.
Can you provide the RSI signal for Western Asset Mortgage Capital Corporation?
Western Asset Mortgage Capital Corporation (WMC) has an RSI value of 66.5483. This indicates that the stock is currently neutral.
What is the short term momentum for Western Asset Mortgage Capital Corporation (WMC) stock?
The short term momentum for Western Asset Mortgage Capital Corporation (WMC) is positive.