NEW YORK MORTGAGE TRUST INC. - Daily - Technical analysis published on 12/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6.12 USD
My targets
6.43 USD (+2.72%)
6.48 USD (+3.51%)
My analysis
NEW YORK MORTGAGE TRUST INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.12 USD. The next resistance located at 6.43 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.48 USD. After this resistance, buyers could then target 6.62 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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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
NEW YORK MORTGAGE TRUST INC. rating 6.26 USD. On the day, this instrument lost -0.16% with the lowest point at 6.25 USD and the highest point at 6.29 USD. The deviation from the price is +0.16% for the low point and -0.48% for the high point.6.25
6.29
6.26
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NEW YORK MORTGAGE TRUST INC.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NEW YORK MORTGAGE TRUST INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong 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.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.94 | 6.04 | 6.12 | 6.26 | 6.28 | 6.43 | 6.48 |
| Change (%) | -5.11% | -3.51% | -2.24% | - | +0.32% | +2.72% | +3.51% |
| Change | -0.32 | -0.22 | -0.14 | - | +0.02 | +0.17 | +0.22 |
| Level | Minor | Major | Intermediate | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.17 | 6.20 | 6.23 | 6.26 | 6.29 | 6.32 | 6.35 |
| Camarilla | 6.25 | 6.26 | 6.27 | 6.27 | 6.28 | 6.28 | 6.29 |
| Woodie | 6.18 | 6.20 | 6.24 | 6.26 | 6.30 | 6.32 | 6.36 |
| Fibonacci | 6.20 | 6.22 | 6.23 | 6.26 | 6.28 | 6.29 | 6.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.70 | 5.85 | 5.96 | 6.11 | 6.22 | 6.38 | 6.48 |
| Camarilla | 5.99 | 6.02 | 6.04 | 6.07 | 6.09 | 6.11 | 6.14 |
| Woodie | 5.67 | 5.84 | 5.94 | 6.10 | 6.20 | 6.36 | 6.46 |
| Fibonacci | 5.85 | 5.95 | 6.01 | 6.11 | 6.21 | 6.28 | 6.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.68 | 5.77 | 5.90 | 6.00 | 6.13 | 6.22 | 6.35 |
| Camarilla | 5.98 | 6.00 | 6.02 | 6.04 | 6.06 | 6.08 | 6.10 |
| Woodie | 5.70 | 5.78 | 5.93 | 6.01 | 6.15 | 6.23 | 6.37 |
| Fibonacci | 5.77 | 5.86 | 5.91 | 6.00 | 6.08 | 6.13 | 6.22 |
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): | 66.63 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 23.43 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 6.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.20 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 6.12 | |
| Zig ZAG (10): | 6.26 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 89.35 | |
| TEMA (21): | 6.27 | |
| Williams %R (14): | -12.82 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 6.21 |
| MA7: | 6.24 | |
| MA20: | 6.15 | |
| MA50: | 6.06 | |
| MA100: | 5.95 | |
| MAexp7: | 6.23 | |
| MAexp20: | 6.16 | |
| MAexp50: | 6.07 | |
| MAexp100: | 5.96 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +1.79% | |
| Price / MA50: | +3.30% | |
| Price / MA100: | +5.21% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +1.62% | |
| Price / MAexp50: | +3.13% | |
| Price / MAexp100: | +5.03% |
News
Don"t forget to follow the news on NEW YORK MORTGAGE TRUST INC.. At the time of publication of this analysis, the latest news was 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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