Technical Analysis for NYMTP - New York Mortgage Trust, Inc. - 7.75% Series B Cumulative Redeemable Preferred Stock
|Grade||Last Price||% Change||$ Change|
NYMTP closed up 0.13 percent on Friday, February 24, 2017, on 1.86 times normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
Trend Table & Recent Alerts
|Weak or Absent||Up||Up||Up|
|See historical NYMTP trend table...|
|Date||Alert Name||Type||% Chg|
|Feb 24||New 52 Week High||Bullish||0.00%|
|Feb 24||Shooting Star Candlestick||Bearish||0.00%|
|Feb 24||Doji - Bearish?||Reversal||0.00%|
|Feb 24||Lizard Bearish||Bearish Day Trade Setup||0.00%|
|Feb 24||Upper Bollinger Band Walk||Other||0.00%|
|Feb 23||New 52 Week High||Bullish||0.13%|
|Feb 23||Upper Bollinger Band Walk||Other||0.13%|
|Feb 23||Cup with Handle||Other||0.13%|
|Feb 22||Upper Bollinger Band Walk||Other||0.80%|
|Feb 22||Cup with Handle||Other||0.80%|
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New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States. It primarily invests in residential mortgage-backed securities comprised of adjustable-rate, hybrid adjustable-rate, fixed-rate, interest only and inverse interest only, and principal only mortgage-backed securities; multi family commercial mortgage-backed securities; and residential mortgage loans, including loans sourced from distressed markets. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal income tax on that portion of its income if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1989 and is headquartered in New York, New York.
Is NYMTP a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more NYMTP news...
|52 Week High||24.39|
|52 Week Low||19.08|
|200-Day Moving Average||23.16|
|50-Day Moving Average||23.44|
|20-Day Moving Average||23.59|
|10-Day Moving Average||23.79|
|Average True Range||0.29|
|Chandelier Exit (Long, 3 ATRs)||23.52|
|Chandelier Exit (Short, 3 ATRs)||23.97|
|Upper Bollinger Band||24.12|
|Lower Bollinger Band||23.06|
|Percent B (%b)||0.9|