Costamare Inc Stock Forecast
Costamare Inc stock price up 2.02% on Tuesday
(Updated on Jul 02, 2024)
The Costamare Inc stock price gained 2.02% on the last trading day (Tuesday, 2nd Jul 2024), rising from $16.33 to $16.66. During the last trading day the stock fluctuated 3.65% from a day low at $16.16 to a day high of $16.75. The price has risen in 6 of the last 10 days and is up by 9.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 777 thousand shares were bought and sold for approximately $12.95 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 61.20% during the next 3 months and, with a 90% probability hold a price between $26.10 and $28.58 at the end of this 3-month period.
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CMRE Signals & Forecast
The Costamare Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $16.68. On a fall, the stock will find some support from the long-term average at approximately $15.50. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -3.08%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Costamare Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $15.61 and $15.47. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Costamare Inc finds support just below today's level at $15.61. If this is broken, then the next support from accumulated volume will be at $15.47 and $13.37.
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 $0.590 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: $15.95 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (CMRE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Costamare Inc to open at $16.52, and during the day (based on 14 day Average True Range), to move between $16.12 and $17.20, which gives a possible trading interval of +/-$0.535 (+/-3.21%) up or down from last closing price. If Costamare Inc takes out the full calculated possible swing range there will be an estimated 6.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.75 (0.54%) than the support at $15.61 (6.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Costamare Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Costamare Inc stock to perform well in the short-term.
Current score: 1.692 Buy Candidate Unchanged
Predicted Opening Price for Costamare Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$16.52 ( 0.82%) | $16.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMRE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.11 | 2.72% |
R2 | 16.89 | 1.37% |
R1 | 16.75 | 0.532% |
Price | 16.66 | |
S1 | 16.30 | -2.17% |
S2 | 16.16 | -3.01% |
S3 | 15.93 | -4.36% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.95 | 1.74% |
R2 | 16.85 | 1.14% |
R1 | 16.75 | 0.540% |
Price | 16.66 | |
S1 | 15.61 | -6.30% |
S2 | 15.47 | -7.14% |
S3 | 13.37 | -19.75% |
CMRE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 02, 2024 | Apr 18, 2024 | May 06, 2024 | $0.115 | 0.92% |
2 | Jan 02, 2024 | Jan 19, 2024 | Feb 07, 2024 | $0.115 | 1.05% |
3 | Oct 02, 2023 | Oct 19, 2023 | Nov 06, 2023 | $0.120 | 1.32% |
4 | Jul 03, 2023 | Jul 19, 2023 | Aug 07, 2023 | $0.115 | 1.00% |
5 | Apr 03, 2023 | Apr 18, 2023 | May 05, 2023 | $0.115 | 1.37% |
FAQ
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