CLAROS MORTGAGE TRUST INC (CMTG) Stock Technical Analysis
NYSE:CMTG • US18270D1063
Overall CMTG gets a technical rating of 0 out of 10. CMTG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CMTG is a bad performer in the overall market: 81% of all stocks are doing better.
- CMTG is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 68 other stocks in this industry, of which 67% are performing better than CMTG.
- 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.
- CMTG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CMTG has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.28
When analyzing the support we notice one important area.
- Support @2.30 from a horizontal line in the weekly time frame.
We can see 7 important resistance areas.
- A resistance zone ranging from 2.40 to 2.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.53 from a trend line in the weekly time frame.
- Resistance @2.69 from a trend line in the weekly time frame.
- Resistance @2.74 from a trend line in the daily time frame.
- A resistance zone ranging from 2.80 to 2.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.92 from a horizontal line in the daily time frame.
- Resistance @3.49 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 | DOWN | NEGATIVE | The short term trend for CMTG is down. |
| ChartMill Relative Strength | 19.6 | NEGATIVE | CMTG has a low relative strength, it was outperformed by 80.4% 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) | DOWN | NEGATIVE | The current price of CMTG is below a declining 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) | 40.02 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 25.88 | NEUTRAL | The Stochastics value for CMTG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.51 | HIGH VOLATILITY | The high ATR as a percentage value for CMTG suggests high volalility. |
| Average Directional Index/ADX (14) | 36.54 | POSITIVE | The high ADX value value for CMTG suggests a strong trend. |
2.39
+0.04 (+1.7%)
CLAROS MORTGAGE TRUST INC / CMTG FAQ
Can you provide the ChartMill technical rating for CLAROS MORTGAGE TRUST INC?
ChartMill assigns a technical rating of 0 / 10 to CMTG.
What is the trend direction for CMTG stock?
The current trend direction for CLAROS MORTGAGE TRUST INC (CMTG) is Bearish.
What is the RSI signal for CLAROS MORTGAGE TRUST INC (CMTG) stock?
CLAROS MORTGAGE TRUST INC (CMTG) has an RSI value of 40.0224. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CLAROS MORTGAGE TRUST INC?
The short term momentum for CLAROS MORTGAGE TRUST INC (CMTG) is negative.
Can you provide the support and resistance levels for CLAROS MORTGAGE TRUST INC?
CLAROS MORTGAGE TRUST INC (CMTG) has a support level at 2.3 and a resistance level at 2.4. Check the full technical report for our detailed analysis of CMTG support and resistance levels.