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CTRM Stock Analysis: Castor Maritime Inc. engages in the provision of shipping transportation services through its ownership of dry bulk vessels. It offers seaborne transportation services for dry bulk cargo including iron ore, coal, and grain, collectively referred to as major bulks; and seel products, fertilizers, cement, bauxite, sugar, and scrap metal, collectively referred to as minor bulks. In this CTRM Stock Analysis video, we discuss a macroscopic and microscopic overview of the company. We also establish levels of support and resistance for both investors and traders, analyze the 200 EMA (Exponential Moving average), 20 VAMA (Volume-Adjusted Moving Average), RSI (Relative Strength Index), bullish and bearish trends, technical analysis chart patterns, and potential entry and exit points for traders and investors.
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What's up good people welcome back to stock up with larry jones, oh man, i love that guy's channel absolute legend. What is up everybody welcome to trace trades. We get technical analysis on different stocks in the stock market as well as potential buy, hold or sell opinions on these. Given stocks like your preface by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt and let's just get right into the video guys excuse my voice.

Please, because i have uh. I have been grinding through some some videos here in the last couple days doing a lot of live streams. She is rough, i'm drinking some, some coffee, some tea with honey, uh honey, with tea, tea with honey and it's nasty - i don't like tea, but we're sucking it up today. We're gon na give you guys an update on ticker symbol, ctrm, castor, marie time incorporated.

This is a stock that i play that i put on your guys's radar for a long freaking time, and it is finally doing what we thought. I would do absolutely amped to be talking about this today. So what are we gon na be doing? Well we're gon na run you through the why the fundamentals of the company? Why should you care? Why is this a good stock? Why should you put your money here right, any recent news, catalyst any and we'll look at the financials right and then the meat potatoes, which is the chart, we're gon na look at this on the one month chart as well as the one day one minute chart. I've got a couple different indicators pulled up.

Let me explain them to you. If you don't know the rsi, which is a relative strength index, anything over 70's over a bot. Anything under 30 is oversold and then the 200 ema, which is this purple trend line and the 15 ma, which is this blue trend line. The purple trend line right this 200 ema is the exponential moving average.

This is a price action based evaluation trend line over a 200 day moving period, a macroscopic overview of price action over a long time, 15 ma or the moving average. Some brokerage accounts will call this the sma, the simple moving average. They price action based valuation trend line over a 15 day moving period, and this gives us a microscopic perspective of price action. I use these both side by side, so we can get an idea of breakouts and price action that can indicate when an upcoming run is coming so we're gon na look at all these guys.

We're gon na drop a fibonacci retracement. Give us an idea of the strength of the chart i'll show you guys how to do that step by step. I'm gon na give you potential entry points exit points, the whole nine yards right. I don't currently have a position in ctrm in my in my uh weeble account, or my fidelity account right.

So i've got absolutely no reason to pump this to you guys right uh. This is a stock that i absolutely love. I have had a position here in the past. I do not currently, let's get into the video we've got quite a bit to cover, so let's just take a quick peek at what they do cash memory time incorporated as a cypress-based company.

The company is engaged in the ocean transportation of dry bolt cargos worldwide through the ownership and operation of bolt carrier vessels. It also aims to increase its fleet through acquisitions of new and modern vessels. So essentially, what these guys do is they they uh? They carry mass amounts of of dry bulk cargos worldwide through um vessel acquisition and if we just pull up their website, really quick, we can take a quick peek at what this means, so i've got them pulled up right here. Let me show you what i'm talking about we're committed to promoting honest and ethical business conduct throughout our operations.

It's caster, it's shipping its magic, so they do acquire these big vessels right to seaborn transport, uh different different materials. We are growth, oriented global shipping company engaged in the seabourn transportation of a wide range of dry bulk commodities along worldwide shipping routes through our ownership of dry bulk vessels. So what does this look like key figures? Cash from retime was incorporated and took ownership of its first vessel magic p. In september 2017 2018.

They entered the notc under the kit under the ticker caster 2019. In february they entered the nasdaq capital market under the ticker ctrm. It took delivery of the magic sun. Back in september of 2019, the magic moon, the delivery of magic rainbow, so on and so forth, you see that they continue to acquire new vessels, which is, in the long term, just going to show uh more more revenue for this company.

So we're going to take a quick look, a quick, quick peek at their press release the most recent uh you know press and the one the one we have right here that i actually like to see is another acquisition of a vessel. So, as of february 3rd uh, we can see that ctrm, a global shipping company specializing in the ownership of dry bulk vessels, announced that it entered through a separate, wholly owned subsidiary into an agreement to purchase a 2009 japan built a camp sarmac's grime bulk carrier from An unaffiliated third party for a purchase price of 14.5. This is basically an investment into the company right. The acquisition is expected to be consummated by taking delivery of the vessel within the first quarter of this year and is subject to the satisfaction of certain customary closing conditions.

So, to put this into retrospect guys, essentially, let's say that you were an uber driver right, but you didn't own. A car, uh, you're gon na be a pretty useless uber driver right or an uber eats driver you're, not gon na be able to. I mean, i suppose you could do it by foot, but these vessels are absolutely necessary for them to transport uh dry bulk cargo across these seabourn routes, so for them to increase their overall fleet right to increase the amount of fleece that they own every time. This happens.

That is a good sign, because they're gon na be able to uh move more products, and that is going to increase the amount of revenue that the company sees so anytime that you see they have another another uh vessel that they've acquired you should. We should really pay attention to that, because that really puts a lot of pressure on buying looking at their financial statements over the last year. Right, we can look at this in 2019, we can look at their gross profit, which was 3.16 million dollars, not very high number, but it wasn't a pretty decent amount of growth. 11.17 percent, compared to the previous year of 2018, 2.85 million dollars right look at their cost of revenue.

They, this is where they they've really been doing well. Cost of revenue increased 79.85 percent over the last year, 2.8 million from 1.56 revenue 35 higher than the previous year, and the total revenue 35 percent higher than the previous. Now, if i do remember correctly, we're gon na come back over here to ctrm and take a quick peek at their investors and look at their earnings releases and their most recent earnings release was on november 11th. 2020 financial results for the three months and nine months ended september, 30th, 2020 and sometime within the next month, or so you should be seeing a uh another earnings release coming out for the company.

Looking at the quarterly right. We don't yet have q4 and they've grown a lot. You can see this, i mean q4 of 2019. They keep growing, keep growing, keep growing, keep growing right, you're over here they're, seeing some really solid numbers guys.

So this is a this is a company, that's growing, and i think it's going to continue to do so. In my eyes, ctrm would be a really solid midterm to long-term investment. I genuinely genuinely believe that, so that is the why that is the why. This is why i think ctrm is a good company right, there's always going to be a need and a market for for transportation of bulk cargos right in mass quantities, especially right coming from different countries.

You know exports that kind of thing coming from japan, germany, europe, korea, wherever it may be right. We can't transport everything by air in order to get things where they need to go from different countries, you're going to need these vessels and if ctrm can step into the game and be a good market, be a good competitor. They're gon na be solid, and i i think there's some pretty good potential here, so not just in the midterm long term, but in the short term there is potential as well right now on the our side, they are trading at about 71, which does mean they Are over bought um, so i do anticipate seeing a little bit of a pullback, especially because we have an inverse hammer candle now. What is that? That's this right here, an inverse hammer.

Candle typically indicates that there was buyers that tried to push the price up and it was rejected, which is why you see this really thin log of the candle and a really long wick. It indicates a little bit of weak buying presence and that's the most recent candle that we have available to us, but, based on that alone, i personally would anticipate that you see a little bit of a pullback leading into monday or tomorrow. Well, that's not necessarily a bad thing right. This just indicates it's going to give people a buying opportunity if they don't presently have one, but i do think that ctrm is going to continue on this nice upward trajectory that we're seeing so what i have drawn up here is recent price action right.

We had a very nice clean run up here, a huge huge push up to a dollar ten. Then it pulled back. We see this the squeeze down price action right. You can see trend, line, uh and touch points here.

One two three different touch points which to me signifies a significant level of either resistance or support. We've got those three touch points descending down, and then we have an ascending level of support with one two, three, four, five, six, seven different touch points and we broke above this descending level of resistance with a wide range candle bar, signifying that we have continued on With a bullish run and from there what has happened well, if we take a quick peek, we have been trading sideways a little bit. So i'm going to clear up this uh the charts here and just draw up some new stuff for you. Based on what i'm seeing right now, we saw another break of a descending level of resistance.

One two three four five different touch points: a break with a wide range candle bar now this is gon na be acting as a level of support, and what we can do from here is drop. What we see again right, we can see that we have an ascending level of support with one two. Three four different touch points right: if it breaks below that, where is it going to come to well, based on what we see here on the charts, we can take a quick peek right now. We've got a nice level of support right about here now.

Why do i think that right, we've got one two, three, four, five, six, seven, eight, nine ten, eleven twelve thirteen! You get the picture! There's a lot of touch points on this 71. What would this be? 70.1 cent level of support? So if it does break beneath this ascending level of support, i think this is going to treat you very well as a good entry point and if it breaks beneath that, what would we be looking at right? Probably about here, so it's a pretty tight price zone. I don't i don't anticipate it pulling back much harder than this right. It is pretty overbought at the moment, so there is risk buying it at the level that it is right now, because anytime, something is overbought.

That typically means that it is overvalued and as traders we don't want to do that, we want to buy things when they're, undervalued, oversold or uh, not not not so much overbought and uh overvalued. So try not to do that. My friends do wait for a pullback. All stocks, except for tesla, always pull back it'll present an opportunity for you.

The volume is very predictable. We do see a nice even consistent amount of volume coming into the stock and, historically speaking, the pullbacks aren't very harsh. So what you should be looking for anything around 47 on the rsi, we can see 44 right, pretty pretty clean pullbacks, it's not that bad 41.. This was about the worst pullback that we've seen, but a shift in points overall, not a huge shift in points right.

You can see that this shifts right here from 79 down to 47. That's not that harsh of a pullback it's about 30.! So very nice chart. It doesn't pull back very harshly right if we drop a retracement and just take a look at the overall strength of the chart. It's a little bit weak overall, we typically go to the top of the run-up, which is the top of a candle.

Wick did retrace down to 78.6 ever so slightly and just for a while did hold up very well at 61.8 percent. But if we exclude these wicks pull back down to the candles, it does look a little bit stronger, we're holding pretty well at 61.8 percent starting to come up here that 50 retracement and to me it is getting ready for the next leg up. We are setting higher lows and higher highs every single day right. Looking very solid, we've got a higher low right here, got another higher low right here.

Another high low right here right. It's just getting ready to squeeze that price action down the longer that this continues to do that, my friends, the more we are liking, uh, looking like you're gon na see a nice push on the stock. So, as i mentioned before, i think a good entry point for you if you're looking to get in immediately be very careful buying in because this is overbought would be right around here at about 60, 76.8 cents or so. But if you're looking for a better entry point, i do think somewhere around 70.12 and what would be about here at 67.4 is gon na, be the best optimal entry point.

If you do want to wait a little while and have some patience with the stock. But this is extremely bullish in nature. We've got a nice big gap here between the 15 m and the 200 dma, currently over 70 on the rsi, so it is being bought. It is, it's got great, consistent volume right, consolidation does favor buyers.

In fact, we've had a nice long period of consolidation when it's stock trades sideways like this. This is getting ready to rip. This is giving people an opportunity to get into the stock without any risk right. We can see this huge squeeze on price action.

We broke that descending level of resistance and now we're on that upper moving channel. My friends, i anticipate we're gon na keep on rocking. That's all it looks on the one month chart gon na come over here to the one day one minute chart for any last minute things and as it looks right now, i'm just gon na clear up the charts here, real quick. So you can read this really.

Nice we had a nice little push. This is dirty. We've got a nice clean, clean, clean, ascending level of support right here. My friends we broke beneath it here in the after hours, but do keep in mind without volume in the after hours comes a little less volatility right comes a little more choppiness and price action.

So take this with a grain of salt put a little asterisk by that i do anticipate that coming into the regular market hours. This will probably end up being a pretty significant, ascending level of support, and you can see here my friends that ctrm is looking absolutely filthy. We had a nice clean, ascending channel right here, right setting higher highs, setting higher lows, absolutely dirty uh, and we ended the day with the 15 ma trading over the 200 ema. In fact, there was never any given moment in which it actually crossed back under, which is a huge, huge, huge double confirmation.

This stock is currently in really bullish territory, and that is what i have for the video today. If you enjoyed it, please drop a like if it does help support the channel and consider subscribing if you like, to see more content like this. Lastly, i have an affiliate link in the description box down below for weeble. This is version 4, for the desktop great platform.

Great for charting allows you to start training at 4am the pre-market, if you use my link to get two free stocks with 100 deposit rc with free stock great to support the channel, my friends and if you're not interested. That's totally fine. I'm just glad to take the time to watch my video, so that's what i have for you guys today. Thank you for watching my friends and i'll see you all next time.


By Trey

23 thoughts on “Ctrm consolidation trend broken! ctrm stock fundamentals, recent news, entry points, analysis!”
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  9. Avataaar/Circle Created with python_avatars Jason Taylor says:

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    Dude slow the fuck down, your rambling words together. Chill the hell out while making videos about info. You dont have to act like a idiot every time you make one. You would probably have more subs if it wasn’t for that. Even the few stock forums and discords have talked about you and how they can’t watch because of that.

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    Buy Ticker: OCGN mon Your Welcome! It doubled fri might be the biggest sleeper yet

  13. Avataaar/Circle Created with python_avatars MikiraFang says:

    Gonna buy some tomorrow as I do need to diversify my portfolio when it comes to sectors

  14. Avataaar/Circle Created with python_avatars Bryan Whitmen says:

    Anyone see a bearish case? Just always like to look for both, so far haven’t seen anything to indicate that, but I’ll keep looking

  15. Avataaar/Circle Created with python_avatars Adam H says:

    I have 4500ish shares at .67. I tried pick some more up at .63 but never dropped past .64 and by time I noticed it shot back up.

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  17. Avataaar/Circle Created with python_avatars Brian Schwtz says:

    Trey I appreciate all the information you provide you , the breakdowns, especially live when you say I gotta go in 10 minutes … 2 hours later lol Just curious, you say you like the stock and feel you can profit long term. But you do not own any stock? Im not one to make accusations but id assumed you had at least 100-200 worth…. Gorilla gang

  18. Avataaar/Circle Created with python_avatars Rubytuby says:

    Shipping should be huge in Middle East with Saudi Arabia building giant mega cities on the Red Sea.

  19. Avataaar/Circle Created with python_avatars Latinxs says:

    Vessels are a really big deal post pandemic, they get filled up quickly and are in demand! This company is starting off in the best of times.

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    Great way to make money if you love stocks and you hate working for people. I'm all in. This stock by the way, according to analysts, is a strong buy right now.

  23. Avataaar/Circle Created with python_avatars Black AsPitch says:

    I bought this a while back at 20 cents and got out at 35. I'd buy again for another run up

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