CASTOR MARITIME INC (CTRM) Stock Technical Analysis
NASDAQ:CTRM • MHY1146L2082
We assign a technical rating of 3 out of 10 to CTRM. Recently some decent action could be observed, but in the medium term time frame this is still negative. CTRM was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CTRM is a bad performer in the overall market: 73% of all stocks are doing better.
- CTRM is part of the Marine Transportation industry. There are 35 other stocks in this industry, of which 70% are performing better than CTRM.
- In the last month CTRM has a been trading in the 1.97 - 2.65 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- CTRM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTRM is lagging the market.
- Considerably lower volume is observed in the last couple of days.
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 support zone below the current price at 2.15, a Stop Loss order could be placed below this zone.
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1.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.12 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.04 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.85 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.19 to 2.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.25 from a horizontal line in the daily time frame.
- Resistance @2.36 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for CTRM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTRM is neutral. |
| ChartMill Relative Strength | 27.6 | NEGATIVE | CTRM has a low relative strength, it was outperformed by 72.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CTRM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CTRM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CTRM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.01 | 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) | 25.77 | NEUTRAL | The Stochastics value for CTRM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.66 | HIGH VOLATILITY | The high ATR as a percentage value for CTRM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.3 | NEUTRAL | The ADX value for CTRM suggests a possible start of a new trend. |
2.17
+0.01 (+0.46%)
CASTOR MARITIME INC / CTRM FAQ
Can you provide the ChartMill technical rating for CASTOR MARITIME INC?
ChartMill assigns a technical rating of 3 / 10 to CTRM.
What is the current trend direction of CASTOR MARITIME INC (CTRM) stock?
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 49.0129. This indicates that the stock is currently neutral.
What is the support and resistance level for CTRM stock?
CASTOR MARITIME INC (CTRM) has a support level at 2.15 and a resistance level at 2.19. Check the full technical report for our detailed analysis of CTRM support and resistance levels.