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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.
CTRM Fundamentals: https://www.marketwatch.com/investing/stock/ctrm?mod=over_search
CTRM StockTwits: https://stocktwits.com/symbol/CTRM
CTRM News: https://apnews.com/press-release/globe-newswire/business-corporate-news-government-regulations-ownership-changes-health-6879aa55945480a7ed0b12a3af19325a
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Go go: go, go i've been holding this stock for so long. It's been doing nothing i was. I was i'm not kidding you guys. I was ready to open this because people can ask me to do an update on ctrm and i was like man.

I don't want to talk about this stock because it hasn't been doing crap, and here we go in the pre-market right now, just going absolutely nuts. What is up everybody welcome to trace trades. We got technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks, i like to preface by saying that i'm not a financial advisor nor expert so take what i say with a grain of salt. The reason i started this channel is a couple years back.

I was about 30 000 deep in some medical debt and i was very fortunate to have some close family friends and mentors that pushed me to work hard and investment money. And i am happy to say that not only am i not financially free, but i'm doing pretty well for myself at the age of 23. So if i can pass along any of the information resources or tools that are given to me here in the community make a couple people better off than they were before. That's all that i can ask for last.

If you wouldn't mind drop a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this. Now today we have a fat filthy update on ctrm. We've got a lot to talk about on the charts here, so we're gon na look at this on a one month and one day, one minute chart both macroscopically and microscopically. I have three different indicators pulled up, which are the rsi, the relative strength index.

Anything over 70 is overbought. Anything under 30 is oversold, the 200 ema, which is the exponential moving average. This is just a 200 day, moving period price action trend line and then the 15 day vomit, which is the volume adjusted moving average. Some brokerage accounts don't offer this.

You might have to use the v wap or the m a uh they're about the same thing. A little bit different but they're about the same thing, and this is just a 15 day - price action based trend line, adjusted accordingly to overall volume in a stock. So we'll talk about what these all mean, we'll give you uh some potential entry points, exit points, uh strategies on the stocks, both bullish and bearish patterns and then we'll transition over to the one day. One minute chart just look for some extra confirmations, so let's just get right into the video, but first i want to give a quick shout out to the guys over at the patreon we have almost 400 members strong guys.

That is absolutely insane. I really do appreciate you guys it's insane to me uh. They will have access to the private discord as well as real-time insight to my personal training and guys. We've got a lot of great stuff and we've got spec plays short-term plays midterm, plays long-term players, investing assistance chatting questions.

I do give my daily updates on stocks that i'm buying holding selling. So if you're interested, there is a link to the patreon in the description down below now, let's change over real quick to ctrm. Now, if you're not familiar with what the company is i'll, just read you off a quick description. They engage in the provision of shipping transportation services through its ownership of dry bulk vessels.

It offers seabourn transportation services for dry bulk cargo, including iron ore, coal and grain collectively referred to as major bulks and steel products. Fertilizers, cement, bauxite, sugar and scrap metal collectively referred to as minor bulks, and they did have a news article that came out yesterday and i'll. Just read you the first paragraph here, caster marie time incorporated, announces cape size, bulk carrier vessel acquisition and if we just read this quick ccrm, a global shipping company specializing in the ownership of dry bulk vessels announces that it entered through a separate, wholly owned subsidiary into An agreement uh to purchase a 2006 japan built cape size, dry bulk carrier from an affiliated third-party seller for a purchase price of 17.5 million dollars. Now i'm excited about this because they are it's exactly what it sounds like right: they're, a cape sized bull carrier vessel company and they just acquired another uh cape sized bolt carrier vessel.

So that should, in the grand scheme of things uh overall improve the amount of uh, you know things that they can transport. I mean. If we look here back at uh the description, it should increase the amount of uh major bulks. They can transport as well as minor bulks, and that is great for the company.

You know in the short term, you are looking at an overall decrease in overall cash right. They had to spend that money in order to acquire the vessel, but in the long term this is a good thing for the company and it does look like this might be affecting the overall stock price in the pre market. We are up from our close of 32.5 cents to almost 35 cents right now, guys, i'm very excited. I do have a position in this in the stock just to be completely transparent.

I do have 6 000 shares at a dollar cost average of 37.9 uh cents, and i am down currently about 328 or about 14, so hasn't been treated too well yet, but it does look like it is presenting an opportunity for a run. So we'll talk about some different things, we're seeing on the charts here, real quick, so the overall volume, the last three days has been a little bit uh. It's been it's been drying out for sure they are syndicated, not doing anything crazy. It has been consolidating.

I would say we have seen a little bit of rip action, rip and dip for sure touching below 30 on the rsi indicator for a little while seeing 27 at one point, and then yesterday we did see about 33. So the past three days we have had two days where there's some pretty steep limit order selloffs at the market, open uh. So you know overall it has been consolidation, but that is typically a slight bearish indicator. Overall, though, this has still been bullish territory, the overall gap between the 15 vomit and the 200 ema has been closing uh.

We almost crossed underneath at the end of the day yesterday, but it does look like we're beginning the start of another run-up right now. This looks like it is beginning a gap and honestly guys. This is the very definition of what i look for in a chart when i want to get into a stock for a run. Is this right here? This looks like a perfect opportunity to buy into the stock.

It is approaching overbought territory on the rsi right, so be careful getting in now, but macroscopically speaking. We are nowhere near the highs of ctrm sitting here at about 48.19 uh. It is down at 34.82 right now, so the the risk here is not super high. We have been consolidating for a while uh retracement wise.

You know this 34 cent mark uh was an acting level of resistance that we did just push through. So if you see it come back down a little bit of a pullback, i think that 34 cents is going to treat you really well as an entry point to ctrm uh. That does not look bad whatsoever, so watch for that 34 mark. If we do see a pullback, if we don't see it, uh watch for some resistance at 37 cents.

If we push through that - and you see a little bit of breakthrough action - a lot of buying pressure you can get in at that point. Of course there is risk involved because you are buying on the upswing. So if you see price rejection, you might get caught back holding so just know that that's a risk involved if you do get in at 37 cents, but watch for that, because if it does push through 37 cents, the next level, we're probably going to be looking At is right around here at about 42 cents or so, and that lines up extremely well with the overall resistance that we're seeing on the charts. There is a pretty long candle wick right here that touches above that, and we did approach that very closely here on the charts coming at about 40 cents or so so it does look pretty solid in the free market right now.

What we're going to be looking for next is some volume to back that up. We have volume to help push this stock. It should see a very nice increase on the chart uh. We are starting the gap here with the 15 volume over the 200 ema.

This looks like the beginning of a run-up. I'm not kidding you. This looks a lot like what we're seeing right here. We see a pretty nice long, candle a little bit of a gap and then from there was just off to the races.

So hopefully this is the next leg up, usually consolidation, slightly favors bulls. I know we have been slightly red the last couple days here right, but uh. This consolidation phase does give confirmation to buyers. It is slightly favoring bullish territory as long as we don't absolutely crush and come back to previous lows, which we did not do.

This is a higher low territory uh, and this is confirmation of buyers that hey this is a safe stock to get my money into. I don't have to worry about this, absolutely plummeting i'm going to get into ctr again, and i think that is exactly what we're seeing right now. One other thing that i really like to see here on the charts is there's a lot of green volume right here, but not a lot of red volume which to me indicates that there are people still holding the stock which, in terms the psychology means that this Is an investor stock and not just a trader stock, and that makes sense to me because, typically outside of this one outlier, if we look at this on a six-month chart, the stock is not very highly volatile right. So the overall risk involved, or the i should say the overall upside for a swing trader - is not extremely high, because in the past it hasn't moved a lot and now that it is starting to have some movement uh.

I think people are holding on to this because they realize what the overall potential of the company is. So it looks like it's presenting itself as a good opportunity here. I, like everything, we're seeing the rsi is approaching that overbought territory, where i have this crossover on the 15 vomit over the 200 ema uh everything looks everything, looks really solid. I'm going to change over to the two day.

One minute chart really quick and just look for some extra confirmations and we do have it. If we take a quick peek here, we do have the 15 vomit crossing over the 200 ema, which looks very, very nice. That looks uh. That looks phenomenal, we're starting a small gap, so we have double confirmation of a bullish run, hopefully in coming potential opportunities here how you can play this off.

I am going to be looking at this as a swing trading opportunity. I'm going to be watching for a push uh to that 40 cent range. I am currently sitting at a dollar cost average of 37 cents. So to me this might be a nickel and dime sort of play.

Um, but it'll depend a lot on the price action. So if we see a push for that 48 resistance that we've seen previously on the charts i'll pull this back up right here - oh 48 cents, um and it pushes above and holds at that point i'll, feel more comfortable holding the stock. Because i know the volatility is not anything crazy, it usually consolidates, after a long run like that, and i'm completely fine letting my money sit there if i'm not having to worry about giving all of it back at a given point. So that is the update on ctrm.

It does look pretty promising right now in the pre-market, we'll see how it plays out for the rest of the day, but this does look like it could be the beginning of another run. So i'm very excited to present this information to you and that update as well. So if you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing if you'd like to see more content like this. And lastly, i do have an affiliate link in the description box down below for tubebuddy.

Now tubebuddy is an seo optimization website that i personally pay a nine dollar per month. Membership for and it's higher than i attribute growing from zero to ten thousand subscribers in just over a month. So if you're a content creator or looking to become one, it is a great tool to help get your videos into the eyes of your intended audience. And if you do use my link i'll receive a commission off of your purchase at no extra cost to you, so there's a great way to support the channel and, if you're not interested, that's totally fine.

I just appreciate your support by taking the time to watch my videos and make some fat filthy profits. So thank you for watching today. My friends, i will see you all next time: peace, man. I missed that that outro up.


By Trey

27 thoughts on “Ctrm stock huge trend reversal! // ctrm stock update technical analysis”
  1. Avataaar/Circle Created with python_avatars MHFIN says:

    Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

  2. Avataaar/Circle Created with python_avatars Kelvin Walter says:

    People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin

  3. Avataaar/Circle Created with python_avatars Teen Ager says:

    Castor Maritime Inc. Announces $15.3 Million Debt Financing

  4. Avataaar/Circle Created with python_avatars Oren Hanagar says:

    You're right at 100 I saw the analysis after the trade and you were right in everything,

  5. Avataaar/Circle Created with python_avatars Donx7ru7h says:

    You were tooo early to make the video lol it’s up way more lol

  6. Avataaar/Circle Created with python_avatars Brian Mikels says:

    $CTRM lets GO! 40 cents and counting. exit strategy out of mind! RSI just dropped from 69 to 30s WTH

  7. Avataaar/Circle Created with python_avatars Williams Peterson says:

    People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin

  8. Avataaar/Circle Created with python_avatars Kay Last says:

    🙂 good luck man..PT 1$ hopefully

  9. Avataaar/Circle Created with python_avatars Talha Invests - Financial Freedom says:

    THIS STOCK HAS JUST WENT UP TO 42 CENTS!

  10. Avataaar/Circle Created with python_avatars DD says:

    Am holding 400 shares at 0.37.. do you guys think I should hold or get out of it at .40? Appreciate any inputs.

  11. Avataaar/Circle Created with python_avatars royalkush123 says:

    I bought a couple thousand couple days ago at 0.034, definitely going up soon.

  12. Avataaar/Circle Created with python_avatars Hola! Anthony Allen says:

    Stocks on 🔥 today is anyone holding this stock or are most swing Trading it

  13. Avataaar/Circle Created with python_avatars Hongbin Chang says:

    $0.4 here it goes. Let's ride it to $1.

  14. Avataaar/Circle Created with python_avatars Maxmillion says:

    Touched 0.40 this afternoon

  15. Avataaar/Circle Created with python_avatars Oscar says:

    Check out TNXP, I’ve been watching it since 1-14-21 and it’s been consolidating. Gonna be a nice swing! Opened a position today.

  16. Avataaar/Circle Created with python_avatars Oscar says:

    In at .33 bout to swing this bad boy! Let’s go!!!

  17. Avataaar/Circle Created with python_avatars mpettella says:

    I really wanted to get in on Castor Maritime, but I think I missed the boat😜💰

  18. Avataaar/Circle Created with python_avatars MEN TC says:

    let"s go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  19. Avataaar/Circle Created with python_avatars Justin Winkler says:

    Is it just me or does ZOM and BIOL pretty much have the same price?

  20. Avataaar/Circle Created with python_avatars Jenni Griff says:

    Can you do an update on ACST? I know you mentioned watching this stock in a prior video but it went insane during pre-market today and I’m curious to see your thoughts.

  21. Avataaar/Circle Created with python_avatars Christopher Andrews says:

    i'm at 60k shares at .28!

  22. Avataaar/Circle Created with python_avatars Rizzi Regis says:

    If I join at $5 I could always cancel and or upgrade right? I commented on the last video to find out. Abs to say stay filthy! Lol

  23. Avataaar/Circle Created with python_avatars Que revendeur says:

    I think people holding because they waiting for for that $1 people been sayin was comin im waitin to dump this stock

  24. Avataaar/Circle Created with python_avatars Noel Quiroz says:

    I'm in at .356 I'm selling asap if it hits .37 .38. Stock is scary 😂

  25. Avataaar/Circle Created with python_avatars Noel Quiroz says:

    Need nmtr to step it up been holding it for a while 😮

  26. Avataaar/Circle Created with python_avatars Maxwell Berko says:

    Yo what’s up man how can I join ur discord?

  27. Avataaar/Circle Created with python_avatars Bilal Mohammad says:

    Do you recommend me using Tradezero for premarket from Europe ?
    I am on BIOL and waiting for the explosition today.

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