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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Red day on Wednesday for CareTrust REIT
(Updated on Mar 27, 2024)

Buy candidate since Mar 18, 2024 Gain 0.92% PDF

The CareTrust REIT stock price fell by -0.453% on the last day (Wednesday, 27th Mar 2024) from $24.30 to $24.19. During the last trading day the stock fluctuated 0.686% from a day low at $24.06 to a day high of $24.23. The price has risen in 6 of the last 10 days and is up by 2.28% over the past 2 weeks. 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 -591 thousand shares and in total, 658 thousand shares were bought and sold for approximately $15.92 million.

The stock lies in the upper part of a wide and strong rising 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 $24.34 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.03% during the next 3 months and, with a 90% probability hold a price between $24.64 and $27.27 at the end of this 3-month period.

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CTRE Signals & Forecast

The CareTrust REIT stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.15 and $23.20. A breakdown below any of these levels will issue sell signals. 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 Tuesday, March 26, 2024, and so far it has fallen -0.453%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, June 05, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, June 05, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for CareTrust REIT stock

On the downside, the stock finds support just below today's level from accumulated volume at $22.98 and $22.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CareTrust REIT finds support just below today's level at $22.98. If this is broken, then the next support from accumulated volume will be at $22.94 and $22.50.

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 $0.165 (0.686%) between high and low. For the last week, the stock has had daily average volatility of 1.38%.

Our recommended stop-loss: $23.26 (-3.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CTRE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect CareTrust REIT to open at $24.16, and during the day (based on 14 day Average True Range), to move between $23.78 and $24.60, which gives a possible trading interval of +/-$0.412 (+/-1.70%) up or down from last closing price. If CareTrust REIT takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.21 (0.08%) than the support at $22.98 (5.00%), 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 CareTrust REIT stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CareTrust REIT stock to perform well in the short-term.

Current score: 3.217 Buy Candidate Unchanged

Predicted Opening Price for CareTrust REIT of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$24.16 ( 0.131%) $24.19

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
Resistance R3 24.32 0.551 %
R2 24.26 0.291 %
R1 24.22 0.130 %
Current price: 24.19
Support S1 24.10 -0.391 %
S2 24.06 -0.552 %
S3 23.99 -0.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 24.30 0.455 %
R1 24.21 0.0827 %
Current price 24.19
Support S1 22.98 -5.00%
S2 22.94 -5.17%
S3 22.50 -6.99%

CTRE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 27, 2024 Apr 15, 2024 $0.290 1.20%
2 Dec 18, 2023 Dec 28, 2023 Jan 12, 2024 $0.280 1.25%
3 Jun 20, 2023 Jun 29, 2023 Jul 14, 2023 $0.280 1.38%
4 Mar 20, 2023 Mar 30, 2023 Apr 14, 2023 $0.280 1.42%
5 Dec 16, 2022 Dec 29, 2022 Jan 13, 2023 $0.275 1.43%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CareTrust REIT stock to perform well in the short-term.

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 2024-03-27, the price of an CareTrust REIT (CTRE) share was $24.19.

What is the 52-week high and low for CareTrust REIT Stock?
The 52-week high for CareTrust REIT Stock is $24.57 and the 52-week low is $18.18.

What is the market capitalization of CareTrust REIT Stock?
As of the 2024-03-27, the market capitalization of CareTrust REIT is 3.157B.

When is the next earnings date for CareTrust REIT?
The upcoming earnings date for CareTrust REIT is May 08, 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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