Should You Buy CTRM Stock?

Volatile ride for Castor Maritime Inc. stock price on Friday moving between $1.12 and $1.24
(Updated on Jan 21, 2022)

Sell campaigner since 2021-11-22
Loss -42.35 %

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The Castor Maritime Inc. stock price fell by -8.13% on the last day ( Friday, 21st Jan 2022 ) from $1.23 to $1.13. and has now fallen 5 days in a row. During the day the livestock fluctuated 10.27% from a day abject at $1.12 to a day high of $1.24. The price has fallen in 7 of the last 10 days and is down by -20.42% for this menstruation. volume has increased on the last day by 3 million shares but on falling prices. This may be an early warn and the gamble will be increased slenderly over the adjacent couple of days. In total, 4 million shares were bought and sold for approximately $4.18 million.

The stock lies in the in-between of a across-the-board and falling course in the short-circuit term and farther fall within the vogue is signaled. Given the current short-run vogue, the stock is expected to fall -50.49% during the future 3 months and, with a 90 % probability hold a price between $0.51 and $0.63 at the end of this 3-month period. Do note, that if the banal price manages to stay at current levels or higher, our prediction target will start to change positively over the future few days as the conditions for the stream predictions will be broken .

Signals & Forecast

There are few to no technical positivist signals at the moment. The Castor Maritime Inc. stock holds deal signals from both short and long-run motivate averages giving a more negative calculate for the stock. besides, there is a general sell sign from the relation between the two signals where the long-run average is above the short-run average. On corrections improving, there will be some resistance from the lines at $1.28 and $1.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 04, 2022, and so far it has fallen -26.14 %. Further fall is indicated until a new bottom pivot has been found. furthermore, there is presently a sell signal from the 3 month Moving modal Convergence Divergence ( MACD ). volume rose on falling prices yesterday. This may be an early admonitory and the stock should be followed more closely .

Support, Risk & Stop-loss

There is no support from accumulated volume below today ‘s tied and given the correct circumstance the stock may perform very badly in the future couple of days .

This stock may move much during the sidereal day ( volatility ) and with a big prediction interval from the Bollinger Band this stock is considered to be “ high hazard ”. During the last day, the neckcloth moved $0.12 between senior high school and low, or 10.27%. For the last workweek, the stock has had a day by day average volatility of 6.08% .

Our recommended stop-loss : We hold an negative evaluation for this stock. No stop-loss is set.

Is Castor Maritime Inc. stock A Buy?

Castor Maritime Inc. holds respective negative signals and is within a across-the-board and falling tendency, so we believe it will still perform decrepit in the adjacent couple of days or weeks. We therefore hold a minus evaluation of this lineage .
current score : -6.989

Predicted Opening Price for Castor Maritime Inc. of Monday, January 24, 2022

The bode opening price is based on yesterday ‘s movements between high, first gear, and the conclusion price .

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Volatility and Risk
daily Average volatility :

6.08 %

overall risk :

Very High

High

Medium

Low

Very Low

volatility

6.08 %

Daily Average Volatility

Overall Risk

very high
High
Medium
Low
very abject
Support & Resistance
resistance : $ 1.26
price : $ 1.13
No Support Found