Capital Trust Inc Stock Forecast
Green day on Tuesday for Capital Trust Inc
(Updated on Jul 02, 2024)
The Capital Trust Inc stock price gained 0.82% on the last trading day (Tuesday, 2nd Jul 2024), rising from $17.13 to $17.27. During the last trading day the stock fluctuated 1.52% from a day low at $17.07 to a day high of $17.33. The price has risen in 5 of the last 10 days but is still down by -3.68% for this period. Volume fell on the last day by -643 thousand shares and in total, 1 million shares were bought and sold for approximately $24.17 million. 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.84% during the next 3 months and, with a 90% probability hold a price between $15.08 and $16.67 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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BXMT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Capital Trust Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $17.72 and $17.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -5.06%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Capital Trust Inc stock
Capital Trust Inc finds support from accumulated volume at $17.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.260 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BXMT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Capital Trust Inc to open at $17.22, and during the day (based on 14 day Average True Range), to move between $16.89 and $17.65, which gives a possible trading interval of +/-$0.378 (+/-2.19%) up or down from last closing price. If Capital Trust Inc takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.25 (0.12%) than the resistance at $17.42 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Capital Trust Inc stock A Buy?
Capital Trust Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.170 Sell Candidate Unchanged
Predicted Opening Price for Capital Trust Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $17.22 ( 0.270%) | $17.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BXMT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.48 | 1.24% |
| R2 | 17.38 | 0.660% |
| R1 | 17.32 | 0.305% |
| Price | 17.27 | |
| S1 | 17.12 | -0.85% |
| S2 | 17.06 | -1.20% |
| S3 | 16.96 | -1.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.25 | 5.67% |
| R2 | 17.91 | 3.71% |
| R1 | 17.42 | 0.87% |
| Price | 17.27 | |
| S1 | 17.25 | -0.116% |
| S2 | 17.07 | -1.16% |
| S3 | 16.71 | -3.24% |
BXMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.620 | 3.59% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.620 | 3.39% |
| 3 | Dec 15, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.620 | 2.98% |
| 4 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.620 | 2.93% |
| 5 | Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.620 | 2.81% |
FAQ
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