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AI Analysis of REFI
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Chicago Atlantic Real Estate Finance, stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)

Sell candidate since May 08, 2024 Gain 1.03% PDF

The Chicago Atlantic Real Estate Finance, stock price gained 0.383% on the last trading day (Friday, 10th May 2024), rising from $15.67 to $15.73. During the last trading day the stock fluctuated 0.767% from a day low at $15.64 to a day high of $15.76. The price has risen in 7 of the last 10 days and is up by 0.51% over the past 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 41 thousand shares were bought and sold for approximately $644.96 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a 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 -3.15% during the next 3 months and, with a 90% probability hold a price between $14.58 and $15.45 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.

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REFI Signals & Forecast

The Chicago Atlantic Real Estate Finance, 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 $15.82. On a fall, the stock will find some support from the long-term average at approximately $15.68. 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, May 03, 2024, and so far it has fallen -1.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Chicago Atlantic Real Estate Finance, stock

Chicago Atlantic Real Estate Finance, finds support from accumulated volume at $15.61 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.120 between high and low, or 0.767%. For the last week the stock has had daily average volatility of 1.55%

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

Trading Expectations (REFI) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Chicago Atlantic Real Estate Finance, Inc. to open at $15.71, and during the day (based on 14 day Average True Range), to move between $15.49 and $15.97, which gives a possible trading interval of +/-$0.235 (+/-1.49%) up or down from last closing price. If Chicago Atlantic Real Estate Finance, Inc. takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.61 (0.76%) than the resistance at $16.00 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Chicago Atlantic Real Estate Finance, Inc. will release earnings BMO on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.570. We will update the financials statements for Chicago Atlantic Real Estate Finance, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.19% in the first trading day after earnings release.

Is Chicago Atlantic Real Estate Finance, Inc. stock A Buy?

Chicago Atlantic Real Estate Finance, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.123 Sell Candidate Upgraded

Predicted Opening Price for Chicago Atlantic Real Estate Finance, Inc. of Monday, May 13, 2024

Fair opening price May 13, 2024 Current price
$15.71 ( 0.127%) $15.73

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

Trading levels for REFI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.83 0.636 %
R2 15.78 0.344 %
R1 15.76 0.164 %
Current price: 15.73
Support S1 15.66 -0.419 %
S2 15.64 -0.599 %
S3 15.59 -0.89 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.08 2.23 %
R2 16.05 2.03 %
R1 16.00 1.72 %
Current price 15.73
Support S1 15.61 -0.763%
S2 15.57 -1.02%
S3 15.47 -1.65%

REFI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 27, 2024 Apr 15, 2024 $0.470 3.06%
2 Dec 18, 2023 Dec 28, 2023 Jan 12, 2024 $0.760 4.67%
3 Sep 18, 2023 Sep 28, 2023 Oct 13, 2023 $0.470 3.14%
4 Jun 16, 2023 Jun 29, 2023 Jul 14, 2023 $0.470 3.10%
5 Mar 15, 2023 Mar 30, 2023 Apr 14, 2023 $0.470 3.41%

FAQ

What is the symbol for Chicago Atlantic Real Estate Finance, Inc. Stock and on which exchange is it traded?
The symbol for Chicago Atlantic Real Estate Finance, Inc. is REFI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Chicago Atlantic Real Estate Finance, Inc. Stock?
Chicago Atlantic Real Estate Finance, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Chicago Atlantic Real Estate Finance, Inc. Stock?
Chicago Atlantic Real Estate Finance, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Chicago Atlantic Real Estate Finance, Inc. Stock.

What's the current price of Chicago Atlantic Real Estate Finance, Inc. Stock?
As of the end of day on the May 10, 2024, the price of an Chicago Atlantic Real Estate Finance, Inc. (REFI) share was $15.73.

What is the 52-week high and low for Chicago Atlantic Real Estate Finance, Inc. Stock?
The 52-week high for Chicago Atlantic Real Estate Finance, Inc. Stock is $17.65 and the 52-week low is $13.86.

What is the market capitalization of Chicago Atlantic Real Estate Finance, Inc. Stock?
As of the May 10, 2024, the market capitalization of Chicago Atlantic Real Estate Finance, Inc. is 286.242M.

When is the next earnings date for Chicago Atlantic Real Estate Finance, Inc.?
The upcoming earnings date for Chicago Atlantic Real Estate Finance, Inc. is May 14, 2024.
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