CIM Commercial Trust Corporation stock price ended on $3.66 on Friday after losing 0.13661202185793%
(Updated on Dec 08, 2023)
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The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.82% during the next 3 months and, with a 90% probability hold a price between $3.34 and $3.74 at the end of this 3-month period.
CMCT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, December 04, 2023, and so far it has risen 0.137%. 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 $3.73 and $3.94. 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). CIM Commercial Trust Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
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Support, Risk & Stop-loss for CIM Commercial Trust Corporation stock
CIM Commercial Trust Corporation finds support from accumulated volume at $3.65 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.205 between high and low, or 5.61%. For the last week, the stock has had daily average volatility of 6.75%.
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 11th
For the upcoming trading day on Monday, 11th we expect CIM Commercial Trust Corporation to open at $3.72, and during the day (based on 14 day Average True Range), to move between $3.50 and $3.81, which gives a possible trading interval of +/-$0.157 (+/-4.30%) 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 8.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.65 (0.14%) than the resistance at $3.84 (5.06%), 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?
CIM Commercial Trust Corporation 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: -3.151 Open Broker AccountSell Candidate Unchanged
Predicted Opening Price for CIM Commercial Trust Corporation of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price December 11, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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