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
We assign a technical rating of 5 out of 10 to CTRE. Although CTRE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, CTRE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 28.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CTRE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
23.53
4 important support areas can be observed.
- A support zone ranging from 27.08 to 27.26. 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.
- Support @23.77 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.25 to 29.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.