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Granite Point Mortgage Trust Inc. stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Granite Point Mortgage Trust Inc. stock price fell by -2.05% on the last day (Thursday, 28th Mar 2024) from $4.87 to $4.77. During the last trading day the stock fluctuated 1.91% from a day low at $4.70 to a day high of $4.79. The price has been going up and down for this period, and there has been a 1.27% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -235 thousand shares and in total, 814 thousand shares were bought and sold for approximately $3.88 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.11% during the next 3 months and, with a 90% probability hold a price between $3.01 and $3.97 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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GPMT Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 6.00%. Further rise is indicated until a new top pivot has been found. 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. The Granite Point Mortgage Trust Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $4.85 and $4.81. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Granite Point Mortgage Trust Inc. stock

Granite Point Mortgage Trust Inc. finds support from accumulated volume at $4.71 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 $0.0900 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 3.01%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GPMT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Granite Point Mortgage Trust Inc. to open at $4.75, and during the day (based on 14 day Average True Range), to move between $4.60 and $4.94, which gives a possible trading interval of +/-$0.167 (+/-3.51%) up or down from last closing price. If Granite Point Mortgage Trust Inc. takes out the full calculated possible swing range there will be an estimated 7.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.79 (0.42%) than the support at $4.71 (1.26%), 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 Granite Point Mortgage Trust Inc. stock A Buy?

Granite Point Mortgage Trust Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.999 Sell Candidate Downgraded

Predicted Opening Price for Granite Point Mortgage Trust Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$4.75 ( 0.349%) $4.77

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GPMT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.84 1.54 %
R2 4.81 0.82 %
R1 4.79 0.371 %
Current price: 4.77
Support S1 4.72 -1.07 %
S2 4.70 -1.52 %
S3 4.66 -2.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.87 2.10 %
R2 4.86 1.89 %
R1 4.79 0.419 %
Current price 4.77
Support S1 4.71 -1.26%
S2 4.68 -1.89%
S3 4.50 -5.66%

GPMT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 Apr 15, 2024 $0.150 3.07%
2 Dec 28, 2023 Dec 28, 2023 Jan 16, 2024 $0.200 3.53%
3 Sep 20, 2023 Sep 29, 2023 Oct 16, 2023 $0.200 4.44%
4 Jun 22, 2023 Jun 30, 2023 Jul 17, 2023 $0.200 3.58%
5 Mar 16, 2023 Mar 31, 2023 Apr 17, 2023 $0.200 4.12%

FAQ

What is the symbol for Granite Point Mortgage Trust Inc. Stock and on which exchange is it traded?
The symbol for Granite Point Mortgage Trust Inc. is GPMT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Granite Point Mortgage Trust Inc. Stock?
Granite Point Mortgage Trust Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Granite Point Mortgage Trust Inc. Stock?
Granite Point Mortgage Trust Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Granite Point Mortgage Trust Inc. Stock.

What's the current price of Granite Point Mortgage Trust Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Granite Point Mortgage Trust Inc. (GPMT) share was $4.77.

What is the 52-week high and low for Granite Point Mortgage Trust Inc. Stock?
The 52-week high for Granite Point Mortgage Trust Inc. Stock is $6.41 and the 52-week low is $3.97.

What is the market capitalization of Granite Point Mortgage Trust Inc. Stock?
As of the 2024-03-28, the market capitalization of Granite Point Mortgage Trust Inc. is 242.283M.

When is the next earnings date for Granite Point Mortgage Trust Inc.?
The upcoming earnings date for Granite Point Mortgage Trust Inc. is May 14, 2024.
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About Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust. Granite Point Mortgage Trust Inc., a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, r... GPMT Profile

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