Caretrust Reit Stock Technical Analysis

CTRE Stock  USD 30.03  0.27  0.89%   
As of the 26th of November, CareTrust REIT shows the Mean Deviation of 1.0, risk adjusted performance of 0.0584, and Downside Deviation of 1.4. CareTrust REIT technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm CareTrust REIT treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if CareTrust REIT is priced correctly, providing market reflects its regular price of 30.03 per share. Given that CareTrust REIT has jensen alpha of 0.134, we suggest you to validate CareTrust REIT's prevailing market performance to make sure the company can sustain itself at a future point.

CareTrust REIT Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as CareTrust, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CareTrust
  
CareTrust REIT's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

CareTrust REIT Analyst Consensus

Target PriceAdvice# of Analysts
23.0Strong Buy9Odds
CareTrust REIT current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most CareTrust analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand CareTrust stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of CareTrust REIT, talking to its executives and customers, or listening to CareTrust conference calls.
CareTrust Analyst Advice Details
CareTrust REIT technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of CareTrust REIT technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CareTrust REIT trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

CareTrust REIT Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of CareTrust REIT volatility. High ATR values indicate high volatility, and low values indicate low volatility.

CareTrust REIT Trend Analysis

Use this graph to draw trend lines for CareTrust REIT. You can use it to identify possible trend reversals for CareTrust REIT as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual CareTrust REIT price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

CareTrust REIT Best Fit Change Line

The following chart estimates an ordinary least squares regression model for CareTrust REIT applied against its price change over selected period. The best fit line has a slop of   0.02  , which means CareTrust REIT will continue generating value for investors. It has 122 observation points and a regression sum of squares at 9.02, which is the sum of squared deviations for the predicted CareTrust REIT price change compared to its average price change.

About CareTrust REIT Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of CareTrust REIT on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of CareTrust REIT based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on CareTrust REIT price pattern first instead of the macroeconomic environment surrounding CareTrust REIT. By analyzing CareTrust REIT's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of CareTrust REIT's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to CareTrust REIT specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.0460.05910.04870.0601
Price To Sales Ratio11.539.5810.897.34

CareTrust REIT November 26, 2024 Technical Indicators

Most technical analysis of CareTrust help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for CareTrust from various momentum indicators to cycle indicators. When you analyze CareTrust charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

CareTrust REIT November 26, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as CareTrust stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for CareTrust Stock analysis

When running CareTrust REIT's price analysis, check to measure CareTrust REIT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CareTrust REIT is operating at the current time. Most of CareTrust REIT's value examination focuses on studying past and present price action to predict the probability of CareTrust REIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareTrust REIT's price. Additionally, you may evaluate how the addition of CareTrust REIT to your portfolios can decrease your overall portfolio volatility.
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Equity Valuation
Check real value of public entities based on technical and fundamental data
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Commodity Directory
Find actively traded commodities issued by global exchanges