New York Mortgage Trust (NYMT) Loses -15.65% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Group 1 - New York Mortgage Trust (NYMT) has experienced significant selling pressure, resulting in a 15.7% decline over the past four weeks, but it is now considered to be in oversold territory with potential for recovery [1] - The Relative Strength Index (RSI) for NYMT is currently at 27.29, indicating that the heavy selling may be exhausting itself, suggesting a possible bounce back towards equilibrium [5] - Analysts have raised earnings estimates for NYMT by 0.7% over the last 30 days, which typically correlates with price appreciation in the near term [7] Group 2 - NYMT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8]