Community Healthcare Trust Incorporated Stock Forecast
Community Healthcare Trust Incorporated stock price ended at $24.37 on Wednesday, after losing 0.89%.
(Updated on May 08, 2024)
The Community Healthcare Trust Incorporated stock price fell by -0.89% on the last day (Wednesday, 8th May 2024) from $24.59 to $24.37. During the last trading day the stock fluctuated 1.41% from a day low at $24.15 to a day high of $24.49. The price has fallen in 6 of the last 10 days and is down by -5.73% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 171 thousand shares were bought and sold for approximately $4.17 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.25 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.52% during the next 3 months and, with a 90% probability hold a price between $22.18 and $24.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CHCT Signals & Forecast
There are mixed signals in the stock today. The Community Healthcare Trust Incorporated 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 $24.90 and $25.61. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Community Healthcare Trust Incorporated stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.340 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHCT) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Community Healthcare Trust Incorporated to open at $24.34, and during the day (based on 14 day Average True Range), to move between $23.75 and $24.99, which gives a possible trading interval of +/-$0.625 (+/-2.56%) up or down from last closing price. If Community Healthcare Trust Incorporated takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $24.92, some $0.550 (2.26%) from the current price of $24.37, our system finds the risk reward not very attractive.
Is Community Healthcare Trust Incorporated stock A Buy?
Community Healthcare Trust Incorporated holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.622 Sell Candidate Unchanged
Predicted Opening Price for Community Healthcare Trust Incorporated of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $24.34 ( 0.137%) | $24.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHCT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.68 | 1.26 % | |
| R2 | 24.55 | 0.725 % | ||
| R1 | 24.47 | 0.396 % | ||
| Current price: | 24.37 | |||
| Support | S1 | 24.21 | -0.670 % | |
| S2 | 24.13 | -1.00 % | ||
| S3 | 24.00 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.00 | 10.79 % | |
| R2 | 25.08 | 2.91 % | ||
| R1 | 24.92 | 2.26 % | ||
| Current price | 24.37 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CHCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 09, 2024 | May 24, 2024 | $0.460 | 1.89% |
| 2 | Feb 08, 2024 | Feb 16, 2024 | Mar 01, 2024 | $0.458 | 1.69% |
| 3 | Oct 26, 2023 | Nov 08, 2023 | Nov 24, 2023 | $0.455 | 1.70% |
| 4 | Jul 27, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.453 | 1.39% |
| 5 | Apr 27, 2023 | May 11, 2023 | May 26, 2023 | $0.450 | 1.38% |
FAQ
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