CT Real Estate Investment Trust Stock Forecast
Red day on Friday for CT Real Estate Investment Trust
(Updated on Jun 21, 2024)
The CT Real Estate Investment Trust stock price fell by -1.23% on the last day (Friday, 21st Jun 2024) from $13.04 to $12.88. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 2.34% from a day low at $12.80 to a day high of $13.10. The price has fallen in 9 of the last 10 days and is down by -5.64% 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 -2 thousand shares and in total, 325 thousand shares were bought and sold for approximately $4.19 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.06% during the next 3 months and, with a 90% probability hold a price between $12.48 and $13.51 at the end of this 3-month period.
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CRT-UN.TO Signals & Forecast
There are few to no technical positive signals at the moment. The CT Real Estate Investment 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 $13.21 and $13.55. 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 -7.00%. 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). 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 sell signal from a double top formation was found on Wednesday, June 05, 2024 with a target of $13.06. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for CT Real Estate Investment Trust stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.300 between high and low, or 2.34%. For the last week the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRT-UN.TO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect CT Real Estate Investment Trust to open at $12.93, and during the day (based on 14 day Average True Range), to move between $12.63 and $13.13, which gives a possible trading interval of +/-$0.248 (+/-1.93%) up or down from last closing price. If CT Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $13.36, some $0.480 (3.73%) from the current price of $12.88, our system finds the risk reward not very attractive.
Is CT Real Estate Investment Trust stock A Buy?
CT Real Estate Investment Trust holds several negative signals and is within a 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: -3.322 Sell Candidate Unchanged
Predicted Opening Price for CT Real Estate Investment Trust of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $12.93 ( 0.362%) | $12.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRT-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.23 | 2.69% |
| R2 | 13.11 | 1.80% |
| R1 | 13.04 | 1.25% |
| Price | 12.88 | |
| S1 | 12.81 | -0.527% |
| S2 | 12.74 | -1.08% |
| S3 | 12.63 | -1.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.89 | 7.84% |
| R2 | 13.40 | 4.04% |
| R1 | 13.36 | 3.73% |
| Price | 12.88 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CRT-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0771 | 0.599% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.0749 | 0.563% |
| 3 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0749 | 0.544% |
| 4 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0749 | 0.578% |
| 5 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0748 | 0.538% |
FAQ
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