Camden Property Trust Stock Forecast
Camden Property Trust stock price ended at $95.29 on Thursday, after losing 0.0315%.
(Updated on Apr 18, 2024)
The Camden Property Trust stock price fell by -0.0315% on the last day (Thursday, 18th Apr 2024) from $95.32 to $95.29. During the last trading day the stock fluctuated 1.25% from a day low at $94.88 to a day high of $96.06. The price has fallen in 6 of the last 10 days and is down by -0.6% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -253 thousand shares and in total, 545 thousand shares were bought and sold for approximately $51.94 million.
The stock lies in the lower part of a 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 $94.01 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 2.89% during the next 3 months and, with a 90% probability hold a price between $96.72 and $106.91 at the end of this 3-month period.
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CPT Signals & Forecast
There are mixed signals in the stock today. The Camden Property Trust 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 $97.28 and $97.79. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.252%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Camden Property Trust stock
Camden Property Trust finds support from accumulated volume at $94.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.19 (1.25%) between high and low. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: $89.51 (-6.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CPT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Camden Property Trust to open at $95.41, and during the day (based on 14 day Average True Range), to move between $93.10 and $97.48, which gives a possible trading interval of +/-$2.19 (+/-2.30%) up or down from last closing price. If Camden Property Trust takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $95.55 (0.27%) than the support at $94.48 (0.85%), 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 Camden Property Trust stock A Buy?
Camden Property Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.604 Hold/Accumulate Unchanged
Predicted Opening Price for Camden Property Trust of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $95.41 ( 0.124%) | $95.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.59 | 1.37 % | |
| R2 | 96.14 | 0.89 % | ||
| R1 | 95.86 | 0.599 % | ||
| Current price: | 95.29 | |||
| Support | S1 | 94.96 | -0.351 % | |
| S2 | 94.68 | -0.644 % | ||
| S3 | 94.22 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.74 | 3.62 % | |
| R2 | 96.57 | 1.34 % | ||
| R1 | 95.55 | 0.273 % | ||
| Current price | 95.29 | |||
| Support | S1 | 94.48 | -0.85% | |
| S2 | 93.88 | -1.48% | ||
| S3 | 93.84 | -1.52% |
CPT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 17, 2024 | $1.03 | 1.08% |
| 2 | Dec 01, 2023 | Dec 15, 2023 | Jan 17, 2024 | $1.00 | 1.04% |
| 3 | Dec 01, 2023 | Dec 14, 2023 | Jan 17, 2024 | $1.00 | 1.04% |
| 4 | Sep 15, 2023 | Sep 28, 2023 | Oct 17, 2023 | $1.00 | 1.02% |
| 5 | Jun 15, 2023 | Jun 29, 2023 | Jul 17, 2023 | $1.00 | 0.90% |
FAQ
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