CASTOR MARITIME INC (CTRM) Stock Technical Analysis
USA - NASDAQ:CTRM - MHY1146L2082 - Common Stock
Taking everything into account, CTRM scores 0 out of 10 in our technical rating. CTRM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CTRM does present a nice setup opportunity. 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 2.03. Right above this resistance zone may be a good entry point.
More info and screens
1.83
We found 1 important support area.
- Support @1.85 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.03 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.23 from a horizontal line in the daily time frame.
- Resistance @2.33 from a trend line in the daily time frame.
- Resistance @2.44 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 CTRM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTRM is down. |
| ChartMill Relative Strength | 12.31 | NEGATIVE | CTRM has a low relative strength, it was outperformed by 87.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTRM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTRM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CTRM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.6 | NEUTRAL | The RSI value for CTRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CTRM has a negative trend. |
| Stochastics (14,3) | 20 | NEUTRAL | The Stochastics value for CTRM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.41 | POSITIVE | The high ADX value value for CTRM suggests a strong trend. |
1.89
+0.01 (+0.53%)
CASTOR MARITIME INC / CTRM FAQ
Can you provide the ChartMill technical rating for CASTOR MARITIME INC?
ChartMill assigns a technical rating of 0 / 10 to CTRM.
Can you provide the trend direction for CASTOR MARITIME INC?
The current trend direction for CASTOR MARITIME INC (CTRM) is Bearish.
What is the RSI signal for CTRM stock?
CASTOR MARITIME INC (CTRM) has an RSI value of 39.6028. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CASTOR MARITIME INC?
The buy/sell signal for CASTOR MARITIME INC (CTRM) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for CASTOR MARITIME INC (CTRM) stock?
CASTOR MARITIME INC (CTRM) has a support level at 1.85 and a resistance level at 2.03. Check the full technical report for our detailed analysis of CTRM support and resistance levels.