CIM Commercial Trust Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for CIM Commercial Trust Corporation stock after losing 2.52%
(Updated on Apr 25, 2024)
The CIM Commercial Trust Corporation stock price fell by -2.52% on the last day (Thursday, 25th Apr 2024) from $3.50 to $3.41. During the last trading day the stock fluctuated 4.69% from a day low at $3.41 to a day high of $3.57. The price has fallen in 6 of the last 10 days and is down by -11.63% for this period. Volume has increased on the last day by 694 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $3.64 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.35 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 9.03% during the next 3 months and, with a 90% probability hold a price between $3.65 and $4.77 at the end of this 3-month period.
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CMCT Signals & Forecast
There are mixed signals in the stock today. The CIM Commercial Trust Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.76. On a fall, the stock will find some support from the short-term average at $3.40. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.74%. Further rise is indicated until a new top pivot has been found.
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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.160 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 5.78%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect CIM Commercial Trust Corporation to open at $3.46, and during the day (based on 14 day Average True Range), to move between $3.22 and $3.60, which gives a possible trading interval of +/-$0.189 (+/-5.53%) 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 11.06% 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 (1.79%) than the resistance at $3.56 (4.22%), 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 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: -1.122 Sell Candidate Unchanged
Predicted Opening Price for CIM Commercial Trust Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $3.46 ( 1.54%) | $3.41 |
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 | 3.62 | 6.23 % | |
| R2 | 3.56 | 4.44 % | ||
| R1 | 3.52 | 3.34 % | ||
| Current price: | 3.41 | |||
| Support | S1 | 3.40 | -0.248 % | |
| S2 | 3.36 | -1.35 % | ||
| S3 | 3.30 | -3.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.75 | 9.94 % | |
| R2 | 3.60 | 5.54 % | ||
| R1 | 3.56 | 4.22 % | ||
| Current price | 3.41 | |||
| Support | S1 | 3.35 | -1.79% | |
| S2 | 3.34 | -2.08% | ||
| S3 | 3.32 | -2.67% |
CMCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 22, 2024 | $0.0850 | 2.54% |
| 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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