PennyMac Mortgage Investment Trust
Here’s whether PennyMac Mortgage Investment Trust (PMT) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Positives: RSI 47 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-1.47% over 10 days); weak 1-year return of -21.4%; 3-month momentum negative (-10.9%). Currently 32.3% off its 52-week high. Score: -5/7.
PMT is trading below its 200-day MA ($11.51) — a key warning sign the longer-term trend is under pressure. An RSI of 47.3 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -21.4% compares to +20.5% for SPY (trailed the market by 41.8%). The current 32.3% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.