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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CTRE
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CareTrust REIT stock upgraded to Hold/Accumulate.
(Updated on Jun 20, 2024)

Hold candidate since Jun 20, 2024 PDF

The CareTrust REIT stock price fell by -0.360% on the last day (Thursday, 20th Jun 2024) from $25.01 to $24.92. During the last trading day the stock fluctuated 1.30% from a day low at $24.92 to a day high of $25.25. The price has fallen in 6 of the last 10 days and is down by -4.67% 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 -218 thousand shares and in total, 2 million shares were bought and sold for approximately $38.70 million.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.85 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 7.77% during the next 3 months and, with a 90% probability hold a price between $26.79 and $28.57 at the end of this 3-month period.

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CTRE Signals & Forecast

There are few to no technical positive signals at the moment. The CareTrust REIT 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 $25.15 and $25.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -4.78%. 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.

Support, Risk & Stop-loss for CareTrust REIT stock

CareTrust REIT finds support from accumulated volume at $24.88 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 $0.325 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 1.42%.

Our recommended stop-loss: $23.36 (-6.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (CTRE) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect CareTrust REIT to open at $25.03, and during the day (based on 14 day Average True Range), to move between $24.52 and $25.32, which gives a possible trading interval of +/-$0.398 (+/-1.60%) up or down from last closing price. If CareTrust REIT takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.88 (0.16%) than the resistance at $25.17 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CareTrust REIT stock A Buy?

CareTrust REIT holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.735 Hold/Accumulate Upgraded

Predicted Opening Price for CareTrust REIT of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$25.03 ( 0.435%) $24.92

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

Trading levels for CTRE

Fibonacci Support & Resistance Levels

Level Price
R3 25.35 1.74%
R2 25.23 1.24%
R1 25.15 0.93%
Price 24.92
S1 24.90 -0.0635%
S2 24.83 -0.371%
S3 24.70 -0.87%

Accumulated Volume Support & Resistance Levels

Level Price
R3 26.14 4.90%
R2 25.57 2.61%
R1 25.17 1.00%
Price 24.92
S1 24.88 -0.161%
S2 24.87 -0.201%
S3 24.19 -2.93%

CTRE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 28, 2024 Jun 28, 2024 Jul 15, 2024 $0.290 1.16%
2 Mar 18, 2024 Mar 27, 2024 Apr 15, 2024 $0.290 1.23%
3 Dec 18, 2023 Dec 28, 2023 Jan 12, 2024 $0.280 1.25%
4 Sep 15, 2023 Sep 28, 2023 Oct 13, 2023 $0.280 1.30%
5 Jun 20, 2023 Jun 29, 2023 Jul 14, 2023 $0.280 1.38%

FAQ

What is the symbol for CareTrust REIT Stock and on which exchange is it traded?
The symbol for CareTrust REIT is CTRE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell CareTrust REIT Stock?
CareTrust REIT holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy CareTrust REIT Stock?
CareTrust REIT Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CareTrust REIT Stock.

What's the current price of CareTrust REIT Stock?
As of the end of day on the Jun 20, 2024, the price of an CareTrust REIT (CTRE) share was $24.92.

What is the 52-week high and low for CareTrust REIT Stock?
The 52-week high for CareTrust REIT Stock is $26.43 and the 52-week low is $19.05.

What is the market capitalization of CareTrust REIT Stock?
As of the Jun 20, 2024, the market capitalization of CareTrust REIT is 3.54B.

When is the next earnings date for CareTrust REIT?
The upcoming earnings date for CareTrust REIT is Aug 01, 2024.
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About CareTrust REIT

CareTrust REIT CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United State... CTRE Profile

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