GRANITE PT MTGE Technical Analysis (NYSE:GPMT)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the GRANITE PT MTGE stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the GPMT stock chart which creates a trading signal.
See GRANITE PT MTGE bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of GRANITE PT MTGE stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
GRANITE PT MTGE Moving Average
Moving averages show the GPMT stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.76 is below the price of $16.77.
GRANITE PT MTGE Bollinger Bands
Bollinger bands comprise of a center line usually GPMT SMA, and two GPMT stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of GRANITE PT MTGE bollinger bands.
GRANITE PT MTGE Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The GRANITE PT MTGE MACD indicator is above 0 indicating a bullish trend.
GRANITE PT MTGE Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of GPMT stock is 47.46.