CIM Commercial Trust Corporation Stock Forecast
Green day on Wednesday for CIM Commercial Trust Corporation stock after gaining 2.62%
(Updated on Apr 24, 2024)
The CIM Commercial Trust Corporation stock price gained 2.62% on the last trading day (Wednesday, 24th Apr 2024), rising from $3.41 to $3.50. During the last trading day the stock fluctuated 0.0200% from a day low at $3.50 to a day high of $3.50. The price has been going up and down for this period, and there has been a -5.68% loss for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 372 shares were bought and sold for approximately $1.30 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 lower part of a very 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 $3.35 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 9.79% during the next 3 months and, with a 90% probability hold a price between $3.67 and $4.80 at the end of this 3-month period.
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CMCT Signals & Forecast
There are mixed signals in the stock today. The CIM Commercial Trust Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.77. On a fall, the stock will find some support from the short-term average at $3.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.40%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for CIM Commercial Trust Corporation stock
CIM Commercial Trust Corporation finds support from accumulated volume at $3.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0007 between high and low, or 0.0200%. For the last week the stock has had daily average volatility of 6.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMCT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect CIM Commercial Trust Corporation to open at $3.50, and during the day (based on 14 day Average True Range), to move between $3.31 and $3.69, which gives a possible trading interval of +/-$0.191 (+/-5.45%) up or down from last closing price. If CIM Commercial Trust Corporation takes out the full calculated possible swing range there will be an estimated 10.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.56 (1.59%) than the support at $3.35 (4.27%), 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 CIM Commercial Trust Corporation stock A Buy?
CIM Commercial Trust Corporation 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.
Current score: -2.154 Sell Candidate Unchanged
Predicted Opening Price for CIM Commercial Trust Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $3.50 ( 0.0067%) | $3.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMCT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.50 | 0.0267 % | |
| R2 | 3.50 | 0.0190 % | ||
| R1 | 3.50 | 0.0143 % | ||
| Current price: | 3.50 | |||
| Support | S1 | 3.50 | -0.0010 % | |
| S2 | 3.50 | -0.0057 % | ||
| S3 | 3.50 | -0.0133 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.75 | 7.16 % | |
| R2 | 3.60 | 2.88 % | ||
| R1 | 3.56 | 1.59 % | ||
| Current price | 3.50 | |||
| Support | S1 | 3.35 | -4.27% | |
| S2 | 3.34 | -4.55% | ||
| S3 | 3.32 | -5.12% |
CMCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 22, 2024 | $0.0850 | 2.54% |
| 2 | Dec 20, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.0850 | 2.30% |
| 3 | Sep 27, 2023 | Oct 05, 2023 | Oct 23, 2023 | $0.0900 | 2.20% |
| 4 | Jun 27, 2023 | Jul 07, 2023 | Jul 24, 2023 | $0.0850 | 1.74% |
| 5 | Mar 20, 2023 | Mar 29, 2023 | Apr 11, 2023 | $0.0850 | 2.00% |
FAQ
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