Technical Analysis for GPMT - Granite Point Mortgage Trust Inc.

Grade Last Price % Change Price Change
F 3.49 2.20% 0.08
GPMT closed up 2.4 percent on Friday, May 17, 2024, on 64 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 2.20%
Wide Bands Range Expansion 2.20%
Up 3 Days in a Row Strength 2.20%
Oversold Stochastic Weakness 2.20%
Calm After Storm Range Contraction 4.65%
NR7 Range Contraction 4.65%
Narrow Range Bar Range Contraction 4.65%
Lower Bollinger Band Walk Weakness 4.65%
Inside Day Range Contraction 4.65%
Wide Bands Range Expansion 4.65%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 5 hours ago
Up 2% about 5 hours ago
Up 1% about 5 hours ago
60 Minute Opening Range Breakout 3 days ago
Up 2% 3 days ago

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Profile

Granite Point Mortgage Trust Inc. Description

Granite Point Mortgage Trust Inc. is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor. The Company constructs its own investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification available in the market. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans including lease-up, renovation, repositioning and repurposing of the property. It generally targets the top 25-50, metropolitan statistical areas (MSA) in the United States.


Classification

Sector: Real Estate
Industry: REIT - Residential
Keywords: Banking Loan Mortgage Loan Mortgage Real Estate Investment Renovation Personal Finance Commercial Mortgage Refinancing Underwriting Diversification Real Estate Lending Repurposing

Is GPMT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.0125
52 Week Low 3.285
Average Volume 439,435
200-Day Moving Average 4.74
50-Day Moving Average 4.34
20-Day Moving Average 4.03
10-Day Moving Average 3.68
Average True Range 0.17
RSI (14) 25.37
ADX 38.66
+DI 10.24
-DI 43.65
Chandelier Exit (Long, 3 ATRs) 4.02
Chandelier Exit (Short, 3 ATRs) 3.80
Upper Bollinger Bands 4.93
Lower Bollinger Band 3.13
Percent B (%b) 0.16
BandWidth 44.71
MACD Line -0.30
MACD Signal Line -0.21
MACD Histogram -0.0835
Fundamentals Value
Market Cap 175.88 Million
Num Shares 51.6 Million
EPS -1.36
Price-to-Earnings (P/E) Ratio -2.51
Price-to-Sales 8.76
Price-to-Book 0.30
PEG Ratio 0.00
Dividend 0.80
Dividend Yield 23.46%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.52
Resistance 3 (R3) 3.51 3.47 3.50
Resistance 2 (R2) 3.47 3.44 3.47 3.50
Resistance 1 (R1) 3.44 3.42 3.45 3.45 3.49
Pivot Point 3.39 3.39 3.40 3.40 3.39
Support 1 (S1) 3.36 3.36 3.38 3.37 3.33
Support 2 (S2) 3.32 3.35 3.32 3.32
Support 3 (S3) 3.29 3.32 3.32
Support 4 (S4) 3.30