CIM Commercial Trust Corporation Stock Forecast
CIM Commercial Trust Corporation stock price up 2.11% on Friday
(Updated on Apr 19, 2024)
The CIM Commercial Trust Corporation stock price gained 2.11% on the last trading day (Friday, 19th Apr 2024), rising from $3.32 to $3.39. During the last trading day the stock fluctuated 7.41% from a day low at $3.24 to a day high of $3.48. The price has fallen in 7 of the last 10 days and is down by -13.6% for this period. Volume fell on the last day by -11 thousand shares and in total, 11 thousand shares were bought and sold for approximately $37.87 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.33 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.89% during the next 3 months and, with a 90% probability hold a price between $3.72 and $4.89 at the end of this 3-month period.
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CMCT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.11%. Further rise is indicated 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. The CIM Commercial Trust Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.60 and $3.78. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for CIM Commercial Trust Corporation stock
CIM Commercial Trust Corporation finds support from accumulated volume at $3.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.240 between high and low, or 7.41%. For the last week the stock has had daily average volatility of 5.84%.
CIM Commercial Trust Corporation is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMCT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CIM Commercial Trust Corporation to open at $3.37, and during the day (based on 14 day Average True Range), to move between $3.20 and $3.58, which gives a possible trading interval of +/-$0.187 (+/-5.51%) up or down from last closing price. If CIM Commercial Trust Corporation takes out the full calculated possible swing range there will be an estimated 11.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.35 (1.18%) than the resistance at $3.56 (4.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CIM Commercial Trust Corporation stock A Buy?
The CIM Commercial Trust Corporation stock holds several negative signals and despite the positive trend, we believe CIM Commercial Trust Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.150 Sell Candidate Unchanged
Predicted Opening Price for CIM Commercial Trust Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $3.37 ( 0.590%) | $3.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMCT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.61 | 6.49 % | |
| R2 | 3.52 | 3.79 % | ||
| R1 | 3.46 | 2.11 % | ||
| Current price: | 3.39 | |||
| Support | S1 | 3.28 | -3.29 % | |
| S2 | 3.22 | -4.97 % | ||
| S3 | 3.13 | -7.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.75 | 10.62 % | |
| R2 | 3.60 | 6.19 % | ||
| R1 | 3.56 | 4.87 % | ||
| Current price | 3.39 | |||
| Support | S1 | 3.35 | -1.18% | |
| S2 | 3.34 | -1.47% | ||
| S3 | 3.32 | -2.06% |
CMCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 22, 2024 | $0.0850 | 2.53% |
| 2 | Dec 20, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.0850 | 2.30% |
| 3 | Sep 27, 2023 | Oct 05, 2023 | Oct 23, 2023 | $0.0900 | 2.20% |
| 4 | Jun 27, 2023 | Jul 07, 2023 | Jul 24, 2023 | $0.0850 | 1.74% |
| 5 | Mar 20, 2023 | Mar 29, 2023 | Apr 11, 2023 | $0.0850 | 2.00% |
FAQ
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