CLAROS MORTGAGE TRUST INC (CMTG) Stock Technical Analysis
NYSE:CMTG - US18270D1063 - REIT
Taking everything into account, CMTG scores 6 out of 10 in our technical rating. In the last year, CMTG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CMTG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CMTG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.31
We found 4 important support areas.
- A support zone ranging from 3.13 to 3.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.97 to 2.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.85 from a horizontal line in the daily time frame.
- Support @2.33 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.49 to 3.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for CMTG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMTG is up. |
| ChartMill Relative Strength | 15.81 | NEGATIVE | CMTG has a low relative strength, it was outperformed by 84.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMTG is above the rising 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) | 57.37 | NEUTRAL | The RSI value for CMTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CMTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.78 | OVERBOUGHT | The high Stochastics value suggests CMTG may be overbought. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for CMTG suggests high volalility. |
| Average Directional Index/ADX (14) | 24.61 | NEUTRAL | The ADX value for CMTG suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.53 | 3.12 | 0.41 (11.61%) | 8.61% |
| An entry @3.53. This is a Buy Stop order right above the resistance zone. | An exit @3.12. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.41 points, which is 11.61%. | When investing 8.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.49
-0.01 (-0.29%)