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CIM Commercial Trust Corporation Stock Forecast NASDAQ:CMCT

$7.02 (-0.99%)

Volume: 39k

Closed: Dec 03, 2021

Hollow Logo Score: -1.007

CIM Commercial Trust Corporation Stock Forecast

$7.02 (-0.99%)

Volume: 39k

Closed: Dec 03, 2021

Score Hollow Logo -1.007
Which way will CMCT go? Request
Key Stats
Beta 0.23
Trailing Dividend Rate 4.22% ($0.30)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The CIM Commercial Trust Corporation stock currently holds an RSI14 at 24 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

CIM Commercial Trust Corporation stock downgraded to Sell Candidate
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The CIM Commercial Trust Corporation stock price fell by -0.99% on the last day (Friday, 3rd Dec 2021) from $7.09 to $7.02. During the day the stock fluctuated 2.29% from a day low at $6.98 to a day high of $7.14. The price has fallen in 5 of the last 10 days and is down by -4.49% 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 -28 thousand shares and in total, 39 thousand shares were bought and sold for approximately $271.42 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.12% during the next 3 months and, with a 90% probability hold a price between $6.82 and $8.92 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 0.57%. 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 $7.06 and $7.94. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

CIM Commercial Trust Corporation finds support from accumulated volume at $6.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.16 between high and low, or 2.29%. For the last week the stock has had a daily average volatility of 2.12%.

CIM Commercial Trust Corporation is oversold on RSI14 (24). 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 an negative evaluation for this stock. No stop-loss is set.

Is CIM Commercial Trust Corporation stock A Buy?

CIM Commercial Trust Corporation holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.007

Predicted Opening Price for CIM Commercial Trust Corporation of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$7.05 $7.02 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 20, 2021 "B. Riley" gave "$13.00" rating for CMCT. The price target was changed from $8.47 to 2.3%.

Volatility and Risk
Daily Average Volatility: 2.12 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.12 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $7.53
Price: $7.02
Support: $6.94

CMCT Insider Trading Show all Trades

INSIDER POWER

1.726

Last 100 transactions
Buy: 9 016 916 | Sell: 5 224 346 (Shares)
Date Action Amount Person Type
Nov 09, 2021 Buy 180 871 Cim Capital, Llc Series A Preferred Shares
Oct 07, 2021 Buy 25 000 Kuba Shaul Common Stock
Oct 07, 2021 Buy 25 000 Shemesh Avraham Common Stock
Oct 07, 2021 Buy 25 000 Ressler Richard S Common Stock
Oct 06, 2021 Buy 17 150 Kuba Shaul Common Stock
Show all Insider Trades
INSIDER POWER

1.726

Last 100 transactions
Buy: 9 016 916 | Sell: 5 224 346 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.21 2.66 %
7.15 1.79 %
7.11 1.25 %
Current price: 7.02
Support 6.99 -0.49 %
6.95 -1.03 %
6.89 -1.90 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.60 22.51 %
8.30 18.23 %
7.53 7.26 %
Current price 7.02
Support 6.94 -1.14%
6.93 -1.28%
6.59 -6.13%

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About CIM Commercial Trust Corporation

CIM Commercial Trust Corp is a publicly owned real estate investment trust. The firm invests in the real estate markets of United States. It also engages in lending activities. CIM Commercial Trust Corp was founded in 1993 and is based in Dallas, Texas. CIM Commercial Trust Corporation operates as a subsidiary of CIM Group, Inc.... Read more

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