New York Mortgage Trust, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for New York Mortgage Trust, Inc. stock after losing 0.211%
(Updated on May 17, 2024)
The New York Mortgage Trust, Inc. stock price fell by -0.211% on the last day (Friday, 17th May 2024) from $23.70 to $23.65. During the last trading day the stock fluctuated 0.212% from a day low at $23.60 to a day high of $23.65. The price has risen in 6 of the last 10 days and is up by 0.6% over the past 2 weeks. Volume has increased on the last day by 897 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately $147.84 thousand.
The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $23.71 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.33% during the next 3 months and, with a 90% probability hold a price between $23.48 and $24.26 at the end of this 3-month period.
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NYMTM Signals & Forecast
The New York Mortgage Trust, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $23.59 and $23.32. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.211%. Further fall is indicated until a new bottom pivot has been found. New York Mortgage Trust, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for New York Mortgage Trust, Inc. stock
New York Mortgage Trust, Inc. finds support from accumulated volume at $23.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0500 between high and low, or 0.212%. For the last week the stock has had daily average volatility of 0.408%.
Our recommended stop-loss: $22.98 (-2.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (NYMTM) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect New York Mortgage Trust, Inc. to open at $23.63, and during the day (based on 14 day Average True Range), to move between $23.45 and $23.85, which gives a possible trading interval of +/-$0.196 (+/-0.83%) up or down from last closing price. If New York Mortgage Trust, Inc. takes out the full calculated possible swing range there will be an estimated 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.65 (0.02%) than the support at $23.03 (2.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is New York Mortgage Trust, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for New York Mortgage Trust, Inc. stock to perform well in the short-term.
Current score: 1.966 Buy Candidate Unchanged
Predicted Opening Price for New York Mortgage Trust, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $23.63 ( 0.0705%) | $23.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NYMTM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.68 | 0.141 % | |
| R2 | 23.66 | 0.0602 % | ||
| R1 | 23.65 | 0.0103 % | ||
| Current price: | 23.65 | |||
| Support | S1 | 23.61 | -0.151 % | |
| S2 | 23.60 | -0.201 % | ||
| S3 | 23.58 | -0.282 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 23.70 | 0.211 % | ||
| R1 | 23.65 | 0.0178 % | ||
| Current price | 23.65 | |||
| Support | S1 | 23.03 | -2.62% | |
| S2 | 23.00 | -2.75% | ||
| S3 | 22.76 | -3.76% |
NYMTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.492 | 2.14% |
| 2 | Dec 14, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.492 | 2.12% |
| 3 | Sep 11, 2023 | Sep 28, 2023 | Oct 15, 2023 | $0.492 | 2.27% |
| 4 | Jun 06, 2023 | Jun 29, 2023 | Jul 15, 2023 | $0.492 | 2.29% |
| 5 | Mar 09, 2023 | Mar 30, 2023 | Apr 15, 2023 | $0.492 | 2.41% |
FAQ
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