New York Mortgage Trust Inc. 8.00% Stock Forecast
New York Mortgage Trust Inc. 8.00% stock price up 0.270% on Monday
(Updated on Mar 18, 2024)
The New York Mortgage Trust Inc. 8.00% stock price gained 0.270% on the last trading day (Monday, 18th Mar 2024), rising from $22.22 to $22.28. 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 0.677% from a day low at $22.15 to a day high of $22.30. The price has risen in 6 of the last 10 days and is up by 1% 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, 3 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $121.25 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 $22.31 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.46% during the next 3 months and, with a 90% probability hold a price between $22.13 and $22.86 at the end of this 3-month period.
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NYMTN Signals & Forecast
Mostly positive signals in the chart today. 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 $22.14 and $21.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 3.17%. 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). 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.
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 $21.78 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 $0.150 between high and low, or 0.677%. For the last week the stock has had daily average volatility of 0.82%.
Our recommended stop-loss: $21.06 (-5.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (NYMTN) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock to open at $22.24, and during the day (based on 14 day Average True Range), to move between $22.06 and $22.50, which gives a possible trading interval of +/-$0.220 (+/-0.99%) 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 1.97% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.78, some $0.500 (2.24%) from the current price of $22.28, our system finds the risk reward attractive.
Is New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock 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. 8.00% stock to perform well in the short-term.
Current score: 4.862 Buy Candidate Unchanged
Predicted Opening Price for New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$22.24 ( 0.165%) | $22.28 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 22.39 | 0.509 % | |
R2 | 22.34 | 0.251 % | ||
R1 | 22.30 | 0.0926 % | ||
Current price: | 22.28 | |||
Support | S1 | 22.19 | -0.422 % | |
S2 | 22.15 | -0.581 % | ||
S3 | 22.09 | -0.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 22.28 | |||
Support | S1 | 21.78 | -2.24% | |
S2 | 21.76 | -2.33% | ||
S3 | 21.60 | -3.05% |
NYMTN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | $0 | 0% |
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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