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Jan 07, 2022

Mortgage rates rise to a 20-month peak

Mortgage rates climbed to a 20-month high this week, following the Federal Reserve’s tilt towards a more hawkish monetary approach.

The 30-year fixed-mortgage rate averaged 3.22% for the week ended Thursday, vs. 3.11% last week and 2.65% a year earlier, according to Freddie Mac. The latest week’s level was the highest since May 2020.

Sam Khater, the mortgage agency’s chief economist, suggested that rates can be expected to increase, amid higher inflation and tight labor market. “The impact of higher rates on purchase demand remains modest so far given the current first-time homebuyer growth,” Khater said.

Fed minutes released Wednesday from its policy meeting last month indicated that inflationary pressures could propel policy rate hikes “sooner or at a faster pace than participants had earlier anticipated.”

Related Ticker: MORT

MORT's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for MORT turned positive on July 08, 2024. Looking at past instances where MORT's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 03, 2024. You may want to consider a long position or call options on MORT as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

MORT moved above its 50-day moving average on July 02, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MORT advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 291 cases where MORT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MORT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MORT broke above its upper Bollinger Band on July 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 1.00% within the next month with a likelihood of 67%.

Notable companies

The most notable companies in this group are Annaly Capital Management (NYSE:NLY), Rithm Capital Corp (NYSE:RITM).

Industry description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Mortgage REITs Index (the "Mortgage REITs Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Mortgage REITs Index may include small-, medium- and large-capitalization companies. The fund is non-diversified.

Market Cap

The average market capitalization across the VanEck Mortgage REIT Income ETF ETF is 2.24B. The market cap for tickers in the group ranges from 394.56M to 9.85B. NLY holds the highest valuation in this group at 9.85B. The lowest valued company is ACRE at 394.56M.

High and low price notable news

The average weekly price growth across all stocks in the VanEck Mortgage REIT Income ETF ETF was 6%. For the same ETF, the average monthly price growth was 7%, and the average quarterly price growth was 2%. CIM experienced the highest price growth at 14%, while ABR experienced the biggest fall at -13%.

Volume

The average weekly volume growth across all stocks in the VanEck Mortgage REIT Income ETF ETF was 210%. For the same stocks of the ETF, the average monthly volume growth was 120% and the average quarterly volume growth was 202%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 21
P/E Growth Rating: 48
Price Growth Rating: 48
SMR Rating: 52
Profit Risk Rating: 86
Seasonality Score: 21 (-100 ... +100)
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