New York Mortgage Trust Inc. 8.00% Stock Forecast
New York Mortgage Trust Inc. 8.00% stock price ended at $21.86 on Tuesday, after gaining 0.97%.
(Updated on Jun 18, 2024)
The New York Mortgage Trust Inc. 8.00% stock price gained 0.97% on the last trading day (Tuesday, 18th Jun 2024), rising from $21.65 to $21.86. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.29% from a day low at $21.65 to a day high of $21.93. The price has risen in 7 of the last 10 days and is up by 1.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $130.70 thousand.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $21.78, a level that may pose a second chance to hit a runner. According to fan-theory $23.32 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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NYMTN Signals & Forecast
The New York Mortgage Trust Inc. 8.00% 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 $21.70 and $21.35. A breakdown below any of these levels will issue sell signals. New York Mortgage Trust Inc. 8.00% has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Friday, June 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for New York Mortgage Trust Inc. 8.00% stock
New York Mortgage Trust Inc. 8.00% finds support from accumulated volume at $21.69 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 $0.280 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 0.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NYMTN) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock to open at $21.81, and during the day (based on 14 day Average True Range), to move between $21.61 and $22.11, which gives a possible trading interval of +/-$0.246 (+/-1.13%) up or down from last closing price. If New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock takes out the full calculated possible swing range there will be an estimated 2.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.69 (0.78%) than the resistance at $22.20 (1.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock will release earnings BMO on Monday, June 24, 2024. We will update the financials statements for New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.59% in the first trading day after earnings release.
Is New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock stock A Buy?
New York Mortgage Trust Inc. 8.00% holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.111 Sell Candidate Unchanged
Predicted Opening Price for New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $21.81 ( 0.213%) | $21.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NYMTN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.09 | 1.07% |
| R2 | 21.99 | 0.578% |
| R1 | 21.92 | 0.276% |
| Price | 21.86 | |
| S1 | 21.71 | -0.703% |
| S2 | 21.64 | -1.01% |
| S3 | 21.53 | -1.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.36 | 2.29% |
| R2 | 22.26 | 1.83% |
| R1 | 22.20 | 1.56% |
| Price | 21.86 | |
| S1 | 21.69 | -0.778% |
| S2 | 20.78 | -4.94% |
| S3 | 20.65 | -5.54% |
NYMTN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.500 | 2.34% |
| 2 | Dec 14, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.500 | 2.31% |
| 3 | Sep 11, 2023 | Sep 28, 2023 | Oct 15, 2023 | $0.500 | 2.52% |
| 4 | Jun 06, 2023 | Jun 29, 2023 | Jul 15, 2023 | $0.500 | 2.42% |
| 5 | Mar 09, 2023 | Mar 30, 2023 | Apr 15, 2023 | $0.500 | 2.51% |
FAQ
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