Claros Mortgage Trust, Inc. Stock Forecast
Red day on Wednesday for Claros Mortgage Trust, Inc.
(Updated on Mar 27, 2024)
The Claros Mortgage Trust, Inc. stock price fell by -0.212% on the last day (Wednesday, 27th Mar 2024) from $9.45 to $9.43. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.88% from a day low at $9.30 to a day high of $9.47. The price has fallen in 6 of the last 10 days and is down by -2.08% for this period. Volume has increased on the last day by 388 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, 144 thousand shares were bought and sold for approximately $1.36 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $9.70 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -32.07% during the next 3 months and, with a 90% probability hold a price between $5.07 and $6.59 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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CMTG Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 3.51%. 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 Claros Mortgage Trust, Inc. 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 $9.67 and $9.71. 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). Claros Mortgage Trust, Inc. 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".
Support, Risk & Stop-loss for Claros Mortgage Trust, Inc. stock
Claros Mortgage Trust, Inc. finds support from accumulated volume at $9.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.175 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMTG) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Claros Mortgage Trust, Inc. to open at $9.40, and during the day (based on 14 day Average True Range), to move between $9.10 and $9.76, which gives a possible trading interval of +/-$0.328 (+/-3.48%) up or down from last closing price. If Claros Mortgage Trust, Inc. takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.39 (0.42%) than the resistance at $9.78 (3.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Claros Mortgage Trust, Inc. stock A Buy?
Claros Mortgage Trust, Inc. 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.
Current score: -2.606 Sell Candidate Unchanged
Predicted Opening Price for Claros Mortgage Trust, Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$9.40 ( 0.335%) | $9.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMTG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.57 | 1.52 % | |
R2 | 9.51 | 0.81 % | ||
R1 | 9.47 | 0.373 % | ||
Current price: | 9.43 | |||
Support | S1 | 9.33 | -1.04 % | |
S2 | 9.29 | -1.48 % | ||
S3 | 9.22 | -2.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.75 | 24.60 % | |
R2 | 10.00 | 6.04 % | ||
R1 | 9.78 | 3.71 % | ||
Current price | 9.43 | |||
Support | S1 | 9.39 | -0.424% | |
S2 | 9.31 | -1.27% | ||
S3 | 9.11 | -3.39% |
CMTG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.250 | 2.65% |
2 | Dec 14, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.250 | 2.00% |
3 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.250 | 2.23% |
4 | Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.370 | 3.17% |
5 | Mar 15, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.370 | 3.20% |
FAQ
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