Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
New York Stock Exchange, Inc. / Real Estate / Diversified REITs
Taking everything into account, CTRE scores 7 out of 10 in our technical rating. In the past year, CTRE was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
CTRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 28.31, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.65
When analyzing the support we can see 4 important areas.
- A support zone ranging from 27.88 to 28.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.13 to 27.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @25.67 from a trend line in the weekly time frame.
- A support zone ranging from 24.90 to 24.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @28.57 from a trend line in the daily time frame.
- Resistance @29.13 from a horizontal line in the daily time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.58 | 27.87 | 0.71 (2.48%) | 25.00% |
| An entry @28.58. This is a Buy Stop order right above the resistance zone. | An exit @27.87. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.71 points, which is 2.48%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CTRE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.