CASTOR MARITIME INC (CTRM) Stock Technical Analysis
NASDAQ:CTRM - Nasdaq - MHY1146L2082 - Common Stock - Currency: USD
Taking everything into account, CTRM scores 2 out of 10 in our technical rating. In the past year, CTRM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
90% of all other stocks performed better in the past year than CTRM.
CTRM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTRM is lagging the market.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CTRM is part of the Marine Transportation industry. There are 32 other stocks in this industry, CTRM did better than 41% of them.
In the last month CTRM has a been trading in the 2.10 - 2.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CTRM has a poor technical rating and the quality of the setup is also not perfect 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
2.03
3.59
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.23 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.12 to 2.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.05 to 2.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.33 to 2.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.45 from a horizontal line in the daily time frame.
- Resistance @3.55 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for CTRM is up. |
| ChartMill Relative Strength | 10.59 | NEGATIVE | CTRM has a low relative strength, it was outperformed by 89.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CTRM is above 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) | 54.56 | NEUTRAL | The RSI value for CTRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CTRM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.52 | NEUTRAL | The Stochastics value for CTRM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for CTRM suggests high volalility. |
| Average Directional Index/ADX (14) | 18.28 | NEGATIVE | The low ADX value for CTRM suggests a weak or negative 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)
2.32
-0.03 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-1.28%
1 Week3.57%
2 Weeks8.92%
1 Month9.43%
3 Month-10.42%
6 Month-31.96%
12 Month-49.46%
2 Year-48.33%
3 Year-82.69%
5 Year-94.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%5.96%
ATR Inc-27.01%
Range Today0.06
ADR(20)0.13
ADR(20)%5.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.59
Mansfield-3.42
10 Day High2.44
10 Day Low2.1
20 Day High2.58
20 Day Low2.1
52 Week High5.49
52 Week Low1.98
CS1 End2.28
CR1 Start2.33
Volume & EV
DER(3)-6.34%
DER(5)-10.45%
Volume35.30K
Volume Incr99.33%
Vol(5)104.56K
Vol(50)53.71K