CASTOR MARITIME INC (CTRM) Stock Technical Analysis
NASDAQ:CTRM - MHY1146L2082 - Common Stock
2.141 USD
-0.05 (-2.24%)
2.1499 USD
+0.01 (+0.42%)
Overall CTRM gets a technical rating of 0 out of 10. CTRM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
93% of all other stocks performed better in the past year than CTRM.
CTRM is part of the Marine Transportation industry. There are 36 other stocks in this industry, of which 68% are performing better than CTRM.
CTRM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CTRM has a been trading in the 2.07 - 2.25 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
CTRM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.08, a Stop Loss order could be placed below this zone.
More info and screens
2.03
3.18
We found 1 important support area.
- A support zone ranging from 2.05 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 2.15 to 2.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.29 from a trend line in the daily time frame.
- A resistance zone ranging from 2.42 to 2.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.49 from a horizontal line in the daily time frame.
- Resistance @3.15 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 | DOWN | NEGATIVE | The short term trend for CTRM is down. |
| ChartMill Relative Strength | 7.45 | NEGATIVE | CTRM has a low relative strength, it was outperformed by 92.55% 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) | 44.64 | 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) | 53.92 | NEUTRAL | The Stochastics value for CTRM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.22 | 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)
2.141
-0.05 (-2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-2.24%
1 Week-0.91%
2 Weeks1.23%
1 Month-3.78%
3 Month-2.24%
6 Month-11.53%
12 Month-52.84%
2 Year-47.78%
3 Year-84.26%
5 Year-87.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%2.56%
ATR Inc-11%
Range Today0.05
ADR(20)0.05
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.45
Mansfield-3.12
10 Day High2.25
10 Day Low2.08
20 Day High2.25
20 Day Low2.07
52 Week High4.64
52 Week Low1.98
CS1 End2.08
CR1 Start2.15
Volume & EV
DER(3)-10.3%
DER(5)-4.26%
Volume15.90K
Volume Incr-36.92%
Vol(5)20.08K
Vol(50)40.77K