CLAROS MORTGAGE TRUST INC (CMTG) Stock Technical Analysis
NYSE:CMTG - New York Stock Exchange, Inc. - US18270D1063 - REIT - Currency: USD
We assign a technical rating of 4 out of 10 to CMTG. Recently some decent action could be observed, but in the medium term time frame this is still negative. CMTG was also a bad performer in the overall market in the last year.
90% of all other stocks performed better in the past year than CMTG.
CMTG is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 89% of 66 stocks in the same industry do better.
CMTG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month CMTG has a been trading in the 2.75 - 3.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CMTG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.88, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.19
4.12
We found 3 important support areas.
- A support zone ranging from 2.83 to 2.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.32 to 2.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.21 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.12 to 3.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.58 from a trend line in the daily time frame.
- Resistance @4.08 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CMTG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMTG is up. |
| ChartMill Relative Strength | 10.41 | NEGATIVE | CMTG has a low relative strength, it was outperformed by 89.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMTG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.9 | NEUTRAL | The RSI value for CMTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CMTG has a negative trend. |
| Stochastics (14,3) | 71.48 | NEUTRAL | The Stochastics value for CMTG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for CMTG suggests high volalility. |
| Average Directional Index/ADX (14) | 29.83 | POSITIVE | The high ADX value value for CMTG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.06
-0.07 (-2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-2.24%
1 Week-4.08%
2 Weeks-3.47%
1 Month-4.67%
3 Month29.66%
6 Month-20.73%
12 Month-66.04%
2 Year-75.16%
3 Year-84.03%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%5.67%
ATR Inc-18.46%
Range Today0.15
ADR(20)0.17
ADR(20)%5.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.41
Mansfield-4.23
10 Day High3.24
10 Day Low2.99
20 Day High3.32
20 Day Low2.75
52 Week High9.81
52 Week Low2.13
CS1 End2.88
CR1 Start3.12
Volume & EV
DER(3)-1.59%
DER(5)-0.82%
Volume566.30K
Volume Incr-43.19%
Vol(5)533.18K
Vol(50)901.81K