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(PMT) Pennymac Mortgage complete technical analysis [charts+indicators] | Buy/Sell Pennymac Mortgage | (PMT) share price targets

Complete technical analysis of Pennymac Mortgage (PMT) by charts plus indicators, forecast predictions and share price targets for Pennymac Mortgage (PMT)

Pennymac Mortgage trades in USA in Consumer Services sector.

10 day averaged volume of Pennymac Mortgage is 455477

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 15.17 14.94 15.18 14.90 1.128 times
15 Wed May 2024 14.98 14.93 14.98 14.84 1.085 times
14 Tue May 2024 14.73 14.84 14.85 14.67 0.855 times
13 Mon May 2024 14.67 14.90 14.90 14.61 0.884 times
10 Fri May 2024 14.80 14.74 14.82 14.66 0.671 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 14.8, but if it comes below 14.8, then a intra day sell could be more profitable.
If you take a sell trade below 14.8, then use 14.8 as stoploss and 14.38 as target. However if you take a buy trade in stock , then use 14.8 as stoploss and 15.4 as target.

Share price targets for Pennymac Mortgage (PMT)

Target Type Value
Downside Target 13.20
Downside Target 13.51
Downside Target 14.53
Downside Target 14.61
Downside Target 14.70
Downside Target 14.75
Downside Target 14.88
Downside Target 14.94
Upside Target 15.18

Intraday share price targets for Pennymac Mortgage (PMT)

Target Type Value
Downside Intraday Target 14.79
Downside Intraday Target 14.42
Upside Intraday Target 15.36
Upside Intraday Target 15.56
Downside Intraday Target 14.99

Weekly technical analysis of Pennymac Mortgage (PMT)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 15.17 14.90 15.18 14.61 0.918 times
10 Fri May 2024 14.80 14.79 14.94 14.50 0.537 times
03 Fri May 2024 14.70 14.12 14.75 13.85 1.106 times
26 Fri Apr 2024 14.10 13.57 14.26 13.51 1.054 times
19 Fri Apr 2024 13.56 13.58 13.67 13.21 0.715 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Pennymac Mortgage (PMT)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 15.17 14.00 15.18 13.97 0.398 times
30 Tue Apr 2024 13.85 14.70 14.70 13.21 1.444 times
28 Thu Mar 2024 14.68 14.11 14.88 13.96 0.708 times
29 Thu Feb 2024 14.13 14.37 14.53 13.20 1.519 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Pennymac Mortgage (PMT)

Indicator Name Indicator Value Indicator Signal
ADX 38, 19, 33 Buy
MACD 0, 0Buy
Stochastics 92Buy
CCI 193Buy
RSI 52Buy
OBV 4690867Sell
VWAP 15Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

Price action analysis of Pennymac Mortgage ( (PMT) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pennymac Mortgage ( (PMT) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Pennymac Mortgage ( (PMT) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pennymac Mortgage ( (PMT) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Pennymac Mortgage stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Pennymac Mortgage in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Pennymac Mortgage Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Pennymac Mortgage in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Pennymac Mortgage is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 14.79 and Pennymac Mortgage (PMT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Pennymac Mortgage (PMT) stock. Volume based technical analysis of Pennymac Mortgage (PMT) stock is negative.

Pennymac Mortgage Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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