New York Mortgage Technical Analysis (NASDAQ:NYMT)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The NYMT stock chart pattern can give those who understand technical analysis an indication of which way NYMT stock is headed, but cannot predict with 100% certainty as to what can happen to the New York Mortgage stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for New York Mortgage. The technical analysis form of New York Mortgage stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
New York Mortgage Moving Average
Moving averages show the NYMT 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. The 20 day moving average of $6.17 is below the last closing price of $6.21 and the 50 day moving average of $6.11 is below the last closing price of $6.21. The 10 and 20 day periods can predict short term moving average trends.
New York Mortgage Bollinger Bands
Bollinger bands comprise of a center line usually NYMT SMA, and two NYMT 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 New York Mortgage bollinger bands.
New York Mortgage Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The New York Mortgage MACD indicator is below 0 indicating a bearish trend.
New York Mortgage Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of NYMT stock is 50.