CARETRUST REIT INC (CTRE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CTRE - US14174T1079 - REIT
Taking everything into account, CTRE scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTRE is showing a nice and steady performance.
CTRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 35.71, 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
We found 5 important support areas.
- A support zone ranging from 35.42 to 35.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.81 from a horizontal line in the daily time frame.
- A support zone ranging from 32.73 to 33.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.38 from a trend line in the weekly time frame.
- Support @24.90 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.96 to 37.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for CTRE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTRE is neutral. |
| ChartMill Relative Strength | 81.55 | POSITIVE | CTRE has a high relative strength, it outperformed 81.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CTRE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.69 | NEUTRAL | The RSI value for CTRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CTRE has a negative trend. |
| Stochastics (14,3) | 22.37 | NEUTRAL | The Stochastics value for CTRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.23 | NEUTRAL | The ADX value for CTRE suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 37.22 | 35.82 | 1.40 (3.75%) | 25.00% |
| An entry @37.22. This is a Buy Stop order right above the 10 day moving average. | An exit @35.82. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.40 points, which is 3.75%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
36.29
+0.36 (+1%)
CARETRUST REIT INC / CTRE FAQ
What is the technical rating for CTRE stock?
ChartMill assigns a technical rating of 9 / 10 to CTRE.
What is the trend direction for CTRE stock?
The current trend direction for CARETRUST REIT INC (CTRE) is Bullish.
What is the RSI signal for CTRE stock?
CARETRUST REIT INC (CTRE) has an RSI value of 46.6926. This indicates that the stock is currently neutral.
What is the short term momentum for CTRE stock?
The short term momentum for CARETRUST REIT INC (CTRE) is neutral.