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 Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 18, 2024 Gain 1.67% PDF

The CareTrust REIT stock price gained 0.744% on the last trading day (Thursday, 28th Mar 2024), rising from $24.19 to $24.37. During the last trading day the stock fluctuated 0.95% from a day low at $24.25 to a day high of $24.48. The price has risen in 7 of the last 10 days and is up by 3.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 197 thousand more shares were traded than the day before. In total, 855 thousand shares were bought and sold for approximately $20.84 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.51% during the next 3 months and, with a 90% probability hold a price between $24.92 and $28.33 at the end of this 3-month period.

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CTRE Signals & Forecast

Mostly positive signals in the chart today. 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 $24.20 and $23.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 02, 2024, and so far it has risen 19.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 $0.230 (0.95%) between high and low. For the last week, the stock has had daily average volatility of 1.30%.

Our recommended stop-loss: $23.52 (-3.48%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 38 days ago.)

Trading Expectations (CTRE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect CareTrust REIT to open at $24.37, and during the day (based on 14 day Average True Range), to move between $23.97 and $24.77, which gives a possible trading interval of +/-$0.403 (+/-1.65%) up or down from last closing price. If CareTrust REIT takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $22.98, some $1.39 (5.70%) from the current price of $24.37, our system finds the risk reward attractive.

Is CareTrust REIT stock A Buy?

CareTrust REIT holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.116 Strong Buy Candidate Upgraded

Predicted Opening Price for CareTrust REIT of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$24.37 ( 0.0137%) $24.37

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 24.60 0.93 %
R2 24.51 0.570 %
R1 24.45 0.347 %
Current price: 24.37
Support S1 24.28 -0.374 %
S2 24.22 -0.597 %
S3 24.14 -0.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 24.37
Support S1 22.98 -5.70%
S2 22.94 -5.87%
S3 22.50 -7.67%

CTRE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 27, 2024 Apr 15, 2024 $0.290 1.19%
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?
CareTrust REIT holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy 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 2024-03-28, the price of an CareTrust REIT (CTRE) share was $24.37.

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 2024-03-28, 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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