Claros Mortgage Trust, Inc. Stock Forecast
Claros Mortgage Trust, Inc. stock price ended at $8.03 on Tuesday, after gaining 1.77%.
(Updated on Jul 02, 2024)
The Claros Mortgage Trust, Inc. stock price gained 1.77% on the last trading day (Tuesday, 2nd Jul 2024), rising from $7.89 to $8.03. During the last trading day the stock fluctuated 2.41% from a day low at $7.89 to a day high of $8.08. The price has been going up and down for this period, and there has been a -1.59% loss for the last 2 weeks. Volume fell on the last day by -215 thousand shares and in total, 206 thousand shares were bought and sold for approximately $1.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a 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 $8.05 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 -13.37% during the next 3 months and, with a 90% probability hold a price between $5.66 and $6.97 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
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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. On corrections up, there will be some resistance from the lines at $8.15 and $8.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -4.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Claros Mortgage Trust, Inc. stock
Claros Mortgage Trust, Inc. finds support from accumulated volume at $7.89 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 $0.190 between high and low, or 2.41%. For the last week the stock has had daily average volatility of 3.90%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Claros Mortgage Trust, Inc. to open at $8.00, and during the day (based on 14 day Average True Range), to move between $7.73 and $8.33, which gives a possible trading interval of +/-$0.300 (+/-3.74%) 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 7.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.89 (1.74%) than the resistance at $8.22 (2.37%), 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 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: -3.627 Sell Candidate Unchanged
Predicted Opening Price for Claros Mortgage Trust, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $8.00 ( 0.374%) | $8.03 |
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 | |
|---|---|---|
| R3 | 8.19 | 1.99% |
| R2 | 8.12 | 1.09% |
| R1 | 8.07 | 0.530% |
| Price | 8.03 | |
| S1 | 7.93 | -1.28% |
| S2 | 7.88 | -1.84% |
| S3 | 7.81 | -2.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.66 | 7.85% |
| R2 | 8.50 | 5.85% |
| R1 | 8.22 | 2.37% |
| Price | 8.03 | |
| S1 | 7.89 | -1.74% |
| S2 | 7.84 | -2.37% |
| S3 | 6.99 | -12.95% |
CMTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.250 | 3.12% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.250 | 2.88% |
| 3 | Dec 14, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.250 | 2.00% |
| 4 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.250 | 2.23% |
| 5 | Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.370 | 3.17% |
FAQ
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