CASTOR MARITIME INC. - Weekly - Technical analysis published on 05/02/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 0.58 USD
My targets
0.41 USD (-18.60%)
0.16 USD (-67.40%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CASTOR MARITIME INC.. As long as you are under the resistance located at 0.58 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.41 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.16 USD as an objective. Crossing it would then enable sellers to target 0.14 USD. If the resistance 0.58 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.5
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This analysis was given by aymanm738. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CASTOR MARITIME INC. rating is 0.50 USD. The price registered an increase of +3.78% over 5 days and has been traded over the last 5 days between 0.49 USD and 0.59 USD. This implies that the 5 day price is +1.94% from its lowest point and -14.86% from its highest point.0.49
0.59
0.50
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Weekly chart of CASTOR MARITIME INC. indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.14 | 0.50 | 1.73 | 3.94 | 6.73 |
| Change (%) | -72.00% | - | +246.00% | +688.00% | +1,246.00% |
| Change | -0.36 | - | +1.23 | +3.44 | +6.23 |
| Level | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.46 | 0.47 | 0.49 | 0.50 | 0.52 | 0.53 | 0.55 |
| Camarilla | 0.49 | 0.50 | 0.50 | 0.50 | 0.50 | 0.51 | 0.51 |
| Woodie | 0.46 | 0.47 | 0.49 | 0.50 | 0.52 | 0.53 | 0.55 |
| Fibonacci | 0.47 | 0.49 | 0.49 | 0.50 | 0.52 | 0.52 | 0.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.38 | 0.41 | 0.45 | 0.48 | 0.52 | 0.55 | 0.59 |
| Camarilla | 0.46 | 0.47 | 0.47 | 0.48 | 0.49 | 0.49 | 0.50 |
| Woodie | 0.38 | 0.41 | 0.45 | 0.48 | 0.52 | 0.55 | 0.59 |
| Fibonacci | 0.41 | 0.44 | 0.46 | 0.48 | 0.51 | 0.53 | 0.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.16 | 0.41 | 0.58 | 0.83 | 1.00 | 1.25 | 1.42 |
| Camarilla | 0.65 | 0.68 | 0.72 | 0.76 | 0.80 | 0.84 | 0.88 |
| Woodie | 0.13 | 0.39 | 0.55 | 0.81 | 0.97 | 1.23 | 1.39 |
| Fibonacci | 0.41 | 0.57 | 0.67 | 0.83 | 0.99 | 1.09 | 1.25 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.80 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 7.87 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 0.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.61 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 1.17 | |
| Zig ZAG (10): | 0.50 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 11.60 | |
| TEMA (21): | 0.75 | |
| Williams %R (14): | -89.97 | |
| Chande Momentum Oscillator (20): | -0.26 | |
| Repulse (5,40,3): | -24.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 3.7000 | |
| Courbe Coppock: | 299.49 |
| MA7: | 0.51 | |
| MA20: | 0.49 | |
| MA50: | 0.76 | |
| MA100: | 0.62 | |
| MAexp7: | 0.60 | |
| MAexp20: | 0.61 | |
| MAexp50: | 0.73 | |
| MAexp100: | 1.46 | |
| Price / MA7: | -1.96% | |
| Price / MA20: | +2.04% | |
| Price / MA50: | -34.21% | |
| Price / MA100: | -19.35% | |
| Price / MAexp7: | -16.67% | |
| Price / MAexp20: | -18.03% | |
| Price / MAexp50: | -31.51% | |
| Price / MAexp100: | -65.75% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on CASTOR MARITIME INC. at the time of the analysis were as follows:
- Castor Maritime Inc. Announces the En Bloc Acquisition of a Tanker Fleet Consisting of 5 Vessels
- Castor Maritime Inc. Announces Vessel Acquisition
- Castor Maritime Inc. Announces Vessel Acquisition
- Castor Maritime Inc. Announces Vessel Acquisition
- Castor Maritime Inc. Announces Deliveries of the M/V Magic Twilight and the M/V Magic Thunder
This member declared not having a position on this financial instrument or a related financial instrument.
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