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CorEnergy Infrastructure Trust Inc Stock Forecast NYSE:CORR

$3.62 (-4.23%)

Volume: 169k

Closed: Jan 21, 2022

Hollow Logo Score: -3.157

CorEnergy Infrastructure Trust Inc Stock Forecast

$3.62 (-4.23%)

Volume: 169k

Closed: Jan 21, 2022

Score Hollow Logo -3.157
Which way will CORR go? Request
Key Stats
Beta 1.01
Trailing Dividend Rate 5.21% ($0.20)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 62 and the stock is currently not being overbought or oversold

Red day on Friday for CorEnergy Infrastructure Trust Inc
(Updated on Jan 21, 2022)


Sell candidate since 2022-01-20 Loss -4.23% PDF

The CorEnergy Infrastructure Trust Inc stock price fell by -4.23% on the last day (Friday, 21st Jan 2022) from $3.78 to $3.62. and has now fallen 5 days in a row. During the day the stock fluctuated 7.18% from a day low at $3.58 to a day high of $3.84. The price has fallen in 6 of the last 10 days and is down by -1.09% for this period. Volume has increased on the last day by 3 thousand 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, 169 thousand shares were bought and sold for approximately $613.48 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.60% during the next 3 months and, with a 90% probability hold a price between $1.87 and $3.04 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.

Signals & Forecast

The CorEnergy Infrastructure Trust 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 $4.03. On a fall, the stock will find some support from the long-term average at approximately $3.61. 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). 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 Friday, January 14, 2022, and so far it has fallen -15.81%. Further fall is indicated until a new bottom pivot has been found. CorEnergy Infrastructure 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

CorEnergy Infrastructure Trust Inc finds support from accumulated volume at $3.59 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 $0.26 between high and low, or 7.18%. For the last week, the stock has had a daily average volatility of 6.12%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is CorEnergy Infrastructure Trust Inc stock A Buy?

CorEnergy Infrastructure Trust Inc 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: -3.157

Sell Candidate Unchanged

Insiders are very positive buying more shares than they are selling in CorEnergy Infrastructure Trust Inc

In the last 100 trades there were 1.29 million shares bought and 196.02 thousand shares sold. The last trade was done 38 days ago by Ciccotello Conrad S who bough 3 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.

Predicted Opening Price for CorEnergy Infrastructure Trust Inc of Monday, January 24, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price January 24, 2022 Current price
$3.68 $3.62 (Undervalued)

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Analyst Ratings

DA Davidson does not see either upside or downside right now giving CORR "Underperform - Neutral" on their last update on Feb 08, 2021. The price target was changed from $4.50 to $9.50.

Volatility and Risk
Daily Average Volatility: 6.12 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.12 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3.64
Price: $3.62
Support: $3.59

CORR Insider Trading Show all Trades

INSIDER POWER

85.746

Last 100 transactions
Buy: 1 286 680 | Sell: 196 023 (Shares)
Date Action Amount Person Type
Dec 15, 2021 Buy 3 000 Ciccotello Conrad S Common Stock
Nov 12, 2021 Sell 8 937 Sandring Rebecca M Depositary Shares representing Series A Preferred Stock
Nov 12, 2021 Sell 40 107 Schulte David J Depositary Shares representing Series A Preferred Stock
Aug 24, 2021 Buy 2 000 Grier John D Common Stock
Aug 23, 2021 Buy 500 Schulte David J Common Stock
Show all Insider Trades
INSIDER POWER

85.746

Last 100 transactions
Buy: 1 286 680 | Sell: 196 023 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.94 8.74 %
3.84 6.02 %
3.78 4.35 %
Current price: 3.62
Support 3.58 -1.08 %
3.52 -2.76 %
3.42 -5.47 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.85 6.35 %
3.67 1.38 %
3.64 0.55 %
Current price 3.62
Support 3.59 -0.83%
3.31 -8.56%
3.05 -15.75%

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About CorEnergy Infrastructure Trust Inc

CorEnergy Infrastructure Trust CorEnergy Infrastructure Trust, Inc. is an open-ended equity trust launched and managed by Corridor InfraTrust Management, LLC. The trust primarily owns midstream and downstream U.S. energy infrastructure assets subject to long-term triple net participating leases with energy companies. The assets include pipelines, storage tanks, transmission lines and gathering systems. It was previously known as Tortoise Capital Resources Corp. CorEnergy Infra... Read more

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