Tremont Mortgage Trust Forecast and Stock Analysis
Technical TRMT stock analysis for February 21, 2019.
Tremont Mortgage Trust gained 5.26% in the last trading day, rising from $8.55 to $9.00 The price has risen in 5 of the last 10 days and is up by 5.32% over the past 2 weeks. Volume fell in the last day by -7 198 shares, and in total, 2 106 shares bought and sold for approximately $18 954.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the TRMT stock was $9.00. This is 5.26% more than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 1.49% from a day low at $9.00 to a day high of $9.13.
30 day high of the TRMT stock price was $9.41 and low was $8.48.
90 day high was $10.63 and low was $8.07.
52 week high for the Tremont Mortgage Trust - $14.41 and low - $8.07.
Tremont Mortgage Trust lies the upper part of a wide and falling trend in the short term, and this will 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 $9.07 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.47% during the next 3 months and, with 90% probability hold a price between $6.29 and $7.76 at the end of this period.
Tremont Mortgage Trust holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $8.94 and $8.99. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Tremont Mortgage Trust finds support from accumulated volume at $8.85.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $8.68 (-3.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Tremont Mortgage Trust holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.