NEW YORK MORTGAGE TRUST INC. - Daily - Technical analysis published on 08/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 6.18 USD
My targets
6.35 USD (+1.76%)
6.49 USD (+4.01%)
My analysis
A bullish trend on NEW YORK MORTGAGE TRUST INC. both in substance and in the short term. A purchase could be considered as long as the price remains above 6.18 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 6.35 USD. Then the price could move towards 6.49 USD. Then 6.95 USD by extension. Be careful, a return below 6.18 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEW YORK MORTGAGE TRUST INC. rating is 6.24 USD. The price registered an increase of +0.48% on the session with the lowest point at 6.21 USD and the highest point at 6.27 USD. The deviation from the price is +0.48% for the low point and -0.48% for the high point.6.21
6.27
6.24
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on NEW YORK MORTGAGE TRUST INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of NEW YORK MORTGAGE TRUST INC. indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.90 | 6.03 | 6.18 | 6.24 | 6.35 | 6.49 | 6.95 |
| Change (%) | -5.45% | -3.37% | -0.96% | - | +1.76% | +4.01% | +11.38% |
| Change | -0.34 | -0.21 | -0.06 | - | +0.11 | +0.25 | +0.71 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.13 | 6.16 | 6.21 | 6.24 | 6.29 | 6.32 | 6.37 |
| Camarilla | 6.24 | 6.25 | 6.25 | 6.26 | 6.27 | 6.28 | 6.28 |
| Woodie | 6.14 | 6.17 | 6.22 | 6.25 | 6.30 | 6.33 | 6.38 |
| Fibonacci | 6.14 | 6.17 | 6.21 | 6.24 | 6.27 | 6.29 | 6.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.61 | 5.75 | 6.00 | 6.14 | 6.39 | 6.53 | 6.78 |
| Camarilla | 6.15 | 6.19 | 6.22 | 6.26 | 6.30 | 6.33 | 6.37 |
| Woodie | 5.68 | 5.78 | 6.07 | 6.17 | 6.46 | 6.56 | 6.85 |
| Fibonacci | 5.75 | 5.90 | 5.99 | 6.14 | 6.29 | 6.38 | 6.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.74 | 5.88 | 6.00 | 6.14 | 6.26 | 6.40 | 6.52 |
| Camarilla | 6.04 | 6.06 | 6.09 | 6.11 | 6.13 | 6.16 | 6.18 |
| Woodie | 5.72 | 5.88 | 5.98 | 6.14 | 6.24 | 6.40 | 6.50 |
| Fibonacci | 5.88 | 5.98 | 6.04 | 6.14 | 6.24 | 6.30 | 6.40 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.06 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.50 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 6.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.90 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 5.97 | |
| Zig ZAG (10): | 6.21 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 92.26 | |
| TEMA (21): | 6.16 | |
| Williams %R (14): | -15.38 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 1.5900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.84 |
| MA7: | 6.14 | |
| MA20: | 6.13 | |
| MA50: | 6.18 | |
| MA100: | 6.17 | |
| MAexp7: | 6.18 | |
| MAexp20: | 6.15 | |
| MAexp50: | 6.16 | |
| MAexp100: | 6.16 | |
| Price / MA7: | +1.63% | |
| Price / MA20: | +1.79% | |
| Price / MA50: | +0.97% | |
| Price / MA100: | +1.13% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +1.30% | |
| Price / MAexp100: | +1.30% |
News
The latest news and videos published on NEW YORK MORTGAGE TRUST INC. at the time of the analysis were as follows:
-
New York Mortgage Trust
- New York Mortgage Trust Announces Tax Treatment of 2016 Dividend Distributions
- New York Mortgage Trust Announces Closing of Public Offering of 6.25% Senior Convertible Notes Due 2022
- New York Mortgage Trust Announces Upsizing and Pricing of Public Offering of 6.25% Senior Convertible Notes Due 2022
- New York Mortgage Trust Announces Proposed Public Offering of Senior Convertible Notes Due 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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