Western Asset Mortgage Capital Corporation (WMC) Stock Technical Analysis
NYSE:WMC - New York Stock Exchange, Inc. - US95790D2045 - REIT - Currency: USD
Taking everything into account, WMC scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WMC was also a bad performer in the overall market in the last year.
73% of all other stocks performed better in the past year than WMC.
WMC is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 65 other stocks in this industry, of which 62% are performing better than WMC.
WMC 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 WMC is lagging the market.
Warning: WMC has an average volume of 21188 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month WMC has a been trading in the 8.11 - 9.20 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
10.42
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. |
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)
Western Asset Mortgage Capital Corporation
NYSE:WMC (12/5/2023, 8:25:54 PM)
9.18
+0.39 (+4.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg4.44%
1 Week11.27%
2 Weeks9.55%
1 Month9.29%
3 Month-12.99%
6 Month1.89%
12 Month1.21%
2 Year-56.49%
3 Year-71.84%
5 Year-88.99%
10 Year-93.83%
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%3.36%
ATR Inc18.08%
Range Today0.54
ADR(20)0.3
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.49
Mansfield-0.86
10 Day High9.2
10 Day Low8.11
20 Day High9.2
20 Day Low8.11
52 Week High11.64
52 Week Low7.82
CS1 End8.57
CR1 Start9.42
Volume & EV
DER(3)-2.45%
DER(5)2.1%
Volume33.50K
Volume Incr5.44%
Vol(5)21.52K
Vol(50)21.19K