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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
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All right, i hope you guys were able to catch the last video on ctrm, because i predicted a lot of this stuff that happened so far. I feel very excited to talk about ctrm for the day, so, let's get into it. What is up, everybody welcome to trace trades. We have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks, i like your profits 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 because a couple years back, i was about 30 000 deep and some medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money and i'm 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 they're, giving to me hear 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 dropping a like on the video, it really does help support the channel and consider subscribing if you like, to see more content like this now today, we're going to give you guys an update on ticker symbol, ctrm caster marie time incorporated.

This is the stock that i've actually really liked for a decent amount of time. I've talked about them for probably three or four weeks now and all of a sudden. They got a little bit of a squeeze. They really started getting some attention from wsb some different reddit threads and got caught up in some pretty crazy price action.

Uh they moved up from 34 cents, all the way up to 1.10, which is absolutely filthy insane. I can't believe that we saw that much of a that much of a pump but absolutely insane price action. We've got some stuff to talk about we're. Look at this on the one month chart as well as the one day one minute chart to give you both a macroscopic and microscopic perspective of the stock.

I've got the rsi pulled up, uh, there's anything over 70's overbought. Anything under 30 is oversold that has relative strength index. I have a couple. Other indicators pulled up for you, real quick, and i will just get that going here again.

I've got the ma on a 15 able period as well as the 200 ema on this purple line right here and the ema or the exponential moving average is a price action based valuation trend line over a 200 day moving period and the 15 day ma or The moving average some brokerage accounts call this. The sma is a price action based evaluation trend line over a 15 day moving period and i'd like to have both of these up. So i didn't get an idea of both the long term and short term price action on a stock to help predict some potential breakouts. So we'll talk about that all means.

Look at both some levels of support and resistance, some different channels that we're seeing some different upward or downward moving trend lines. Some entry levels, exit points, bullish and bearish uh patterns that i'm seeing here on the charts and the whole nine yards. So, let's just get right into the video first i'd like to do a quick shout out to the guys over at the patreon we're over 700 members strong now, which is absolutely insane to me. I really do appreciate all the support guys.

It's awesome. I really do appreciate you. They have access to the private discord as well as real-time insight to my personal training. So if you're interested in joining the patreon there's a link in the description box down below now, ctrm, one thing that i want to touch on first is what they do as a company.

So there's cyprus based company. This is coming from their website as a news source. The company is engaged in the ocean transportation of dry bulk 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.

Now to be completely transparent, this is my position in weeble. I am in the process of transferring over my account from fidelity to weeble, but i do not currently have a position in ccrm. I will be reestablishing one, i'm looking for an entry point here today, in which i will get back into this stock. If the opportunity presents itself and if not, i will gladly get back in when the opportunity does so.

Let's start off here by showing you the overall short interest on the stock, and i want to show you a couple different websites, the two that i think are the best uh up-to-date information is fintel and i did just recently pay for a subscription to ortex and Which does present some other information that we will look at first, we're going to start off with fintel and as of january 29th. This is the latest market date. There was 66.3 million. Approximately short volume shares uh compared to 293 million total in market volume, which is a short volume ratio of 23.

Now, how does this compare to the previous days that we've seen well on january 28th, we saw 114 million and on the 27th we saw 173 million. So what can we deduce from that? Well, the 27th having the most total short volume, which is right here. You can assume that a lot of them ended up covering. We saw a pretty nice little run up there, but we do still have, according to fintel uh, a overall short volume, still remaining of 66 million shares, which is extremely high compared to what we saw maybe 10 days ago, or so.

So that's what the information says here on fintel, if you come over here to ortex the most recent information, the settlement date for this was on the 15th of january and it was released on the 27th of january. We see a total of 25.79 million total shares sold short. We see here on the exchange reported short interest - 25.79 million previously 491 000, which is a change of about 5.15 000. That's not a mistake! That is a change of 5 000, so extremely extremely high short interest as of this date of january 15th - and this is the last updated mark that we see on ortex, but according to fintel, as i stated, we do have a short volume of 66 million.

Total shares on the 29th. What i like the most about ortex is, it does tell us the days to cover and what we're seeing here is there's 0.71 days to cover, so that could indicate that we see a potential squeeze come out of um ctrm here in the next one. Two three days: if this does come to fruition, the volume is also trading exponentially higher than we have seen here in the past uh. It is starting to have a pretty decent run up.

It is trading a lot lower than we have seen previously, but it's approaching some previous highs and i i feel pretty good about the situation currently with ctrm. Now marketbeat perhaps has the least up-to-date information, but i do like that. It shares is the price on record gate of 0.61, and if we look at this on january 15th, we're going to scroll back to january 15th, i want to show you guys something. The price on january 15th was not 61 cents, it was not 61 cents.

So what does that mean? Well, it means that this date here this january 15th uh. This does not tell us that this was purchased on uh january 15th right so, since it's 61 cents, we would see 61 cents as a price available. At the very least, on january 15th, so that indicates to me that these guys, who purchased um 25.79 million shares sold short, i should say, sell that purchase who sold 25.79 million shares short right. It didn't happen back here on the 15th.

It likely happened when we saw a 61 cent price target, which was probably right around here. So that indicates to me that there is some potential here for some squeeze. We do still have a very high amount of overall short interest and short volume coming into the stock. Overall short volume, 66 million remaining shares as of january 29th.

That is the information available to me and it is available for all of you as well. So that is what we know about the current short volume and short ratio on ctrm compared to the total market volume. How do the charts look right now? Well, a couple days ago we had a nice level of ascending support. This is an upward moving channel.

It was pretty well respected, and then we did break beneath this with a wide range candle bar, which typically indicates that that level of support is no longer respected right. But what can we anticipate? Well, we did see here in the pre-market at the beginning of a gap up right. We came all the way up to about 72 cents or so and then on this candle about 72 cents and right now we're sitting at 68 cents. Well, i anticipate that you're gon na see something pretty likely uh like this so right now, this previous level of support is likely going to act as a level of resistance, and if we pull this out a little bit right and we take a peek at what This might look like let's extend this out and get an idea.

That means that a market open you're likely to see a resistance level sitting right around 85 cents, which actually lines up extremely well. If we draw up a trend line horizontally to right here, we've got one two three four different touch points at 85 cents, 83.4 cents. I should say so - that's very close guys. I anticipate that you're likely to see that be an important and uh critical level to break through and if we do break through that, i think it's very likely that we retest a dollar ten in the next one, two, maybe three days or so, and with the Amount of short interest that's available to us right now, the total short volume.

I anticipate that you're likely to see a good little push a good little run with ctrm, currently sitting at 54 on the rsi. We've got a nice big fat gap here between the 15 ma and the 200 ema, which is a nice bullish indicator. As far as candlesticks and wicks go uh, it's a little bit of indecision happening right now, there's wicks on top wicks on the bottom. We do have a nice doji candle right here uh, but it is not a beautiful one.

Uh, we do have a longer wick on the top than the bottom, which indicates a little bit more uh selling pressure than buying pressure, not the end of the world. But it is what it is and here in the pre-market we do see a nice hammer, candle or a shooting star, which is typically an indicator of weak selling pressure and strong buying pressure, and it is moving up currently, as we speak currently sitting at 67.5 cents. Uh, it looks beautiful guys, i'm telling you everything about ctrm's price action looks phenomenal. You have to excuse me, my throat's, being all goofy today.

It's all these videos, i'm pumping out. I guess all right. So one thing that i am noticing also is. We do have a tightening and squeezing of price action now.

What does this mean? Well, if we draw up a trend line right now, we did break through this descending level of resistance right. So we're currently trading above this, and i anticipate that you're likely to see a new uh ascending level of support, and we only have a couple touch points here, one two three, but if this does end up panning out, you can anticipate that right. Here is going to be a significant level now, let me clear this stuff off. This is just my prediction.

From the last video which didn't end up coming in fruition, i anticipated we'd gap up, have a pullback, uh and then start moving up again, and that does seem to be the case which is good to see, but just to clean up the charts a little bit. We will remove these so that you can read this a little bit better and, as it sits right now we're in a pretty solid moving channel. I anticipate that this is going to be a very tight price zone, you're going to see a break above this ascending level of resistance or break beneath this descending level of or us any level of support. So uh, it's it's pretty tight guys.

It's tightening up! It's squeezing down. We broke through this descending level of resistance right here. The volume is in the pre-market trading uh. Let's see pretty decently high 619 000 shares in a one hour window, which is pretty decent volume for the stock.

I'm not uh. I'm not disappointed with that whatsoever, and everything looks pretty solid here. So we've got everything i'm looking for in terms of uh bullish territory. Here we do have it looks like a pretty solid cup and handle formation.

We've got this dip right here, slightly smaller dip. Now this is any indication of the upcoming run guys. I feel very good about the current situation on ctrm. So let's change it over to the one day.

One minute chart just to look at any other confirmations that we can see in terms of pre-market action or uh the previous trading day. Just gon na clean up the overall screen here and get rid of all these trend lines. To make it a little bit easier to read and we did see a downward moving channel here guys, so that's typically some bearish territory, which makes sense since we did see a little bit of a sell-off broke over this level here in the after hours. Yesterday, the price action is a little bit choppy, so take it for what it is, but because of that, we did see a nice gap up it gapped up very cleanly.

We've got a nice nice uh, big fat, wide range candle bar right here, and we did break beneath this tightening and squeezing a price action. So if we connect all these trend lines right, quick, you can see that it's squeezing down and we did break beneath the bottom trend line, which is typically a bearish indicator. But you are seeing a nice bounce back and looking at this right now, i can see that we have the beginning of what could be an upward moving channel to retest this previous high right. So if this does end up panning out, you could see a retest of this descending level of resistance and seeing a push in the pre-market above 70 cents should bring some really nice price action.

So what is a good entry point for you to get into this stock all right? Well, if we come back here and take another peek at the overall price action we do know. We have this ascending level of support right here. So if you can get into this and you see a pullback somewhere around 61 cents to - i would say - 65 sensors, so i'm gon na drop a level of support to make that easier to see. We do know that we've got a pretty decent level of support.

Right here with one two, three, four, five, six, seven, eight nine different touch points so that lines up pretty well, i'm gon na, say: 61 cents. If you see a pullback to 61 cents to around 63 cents. That is a great entry point into the stock. I personally believe that ctrm is a good mid to long term hold, but it is likely to see some pretty explosive price action in the short term, just based on what we know is going on with the company.

So if you want to sell this for a quick swing, the opportunity is definitely there. You can watch for a push over a dollar and 10 cents and if you see a bounce, take your profits you're already looking at a nearly 100 run up, if you get in at 61 cents, that'd be like 80 or 90, or something and if it breaks Above 1.10 you're just looking at extra gain watch for that price. Rejection, take your profits and walk away, a pretty happy fella. So that's what i have for the video today guys if you enjoyed it, please drop a like.

It really does help support the channel and consider subscribing if you like, to see more content like this and lastly, i have an affiliate link in the description box down below for weeble, which is a platform you're watching me use right now. This is the version 4 for desktop great platform that allows you to start training at 4. 00 am pre-market, so a great tool to have some some time-sensitive plays if you're interested in doing so uh. The link will give you four free stocks with a 100 deposit.

Two upon opening the account and two upon validation of your 100 deposit, i will also receive a free stock, great way to support the channel if you're not interested, that's totally fine. My friends, i promise you, i'm just glad you're taking the time to support me and watch my videos in that way. So that is what i have for you guys today. Thank you for watching my friends and i'll see you all next time.

Peace.

By Trey

24 thoughts on “Ctrm stock today, premarket gap-up, entry points! // ctrm stock update technical analysis”
  1. Avataaar/Circle Created with python_avatars Jared Dantzlier says:

    CTRM to $20+ love the updates

  2. Avataaar/Circle Created with python_avatars Sara Shisler Goff says:

    what does it mean to "watch for the bounce" so you know when to sell?

  3. Avataaar/Circle Created with python_avatars Bryan Nash says:

    Is this still a good buy or is the squeeze over in your opinion?

  4. Avataaar/Circle Created with python_avatars wakawaka1976 says:

    But it went nowhere… maybe today though!

  5. Avataaar/Circle Created with python_avatars Alien Night says:

    could we get $100 a share?

  6. Avataaar/Circle Created with python_avatars Reckoning Man says:

    And your from Oklahoma!! How awseom!, Shawnee,OK here bro!

  7. Avataaar/Circle Created with python_avatars Lauren Tallis says:

    I’ve got 10k in at .1945

  8. Avataaar/Circle Created with python_avatars NicebutDim says:

    Hey r/CTRM I'm u/International-Pin961 🙂

  9. Avataaar/Circle Created with python_avatars Rafi Marmareli says:

    Well…, I bought it at 0.9, so I really hope that the stock will pass the dollar mark soon 😅🙏

  10. Avataaar/Circle Created with python_avatars Chris says:

    You have 0 idea of what's going on with this stick, had you an idea you wouldn't have sold.
    These are not your predictions but predictions you copied online and then made a video about.
    There is x1000 more material on CTRM at r/CTRM
    We've been in this trade much longer.

  11. Avataaar/Circle Created with python_avatars terrijoireland says:

    i jumped on at .35. hope it keeps going up and up and i'll keep adding!

  12. Avataaar/Circle Created with python_avatars cmungus says:

    Glad I found your channel. Need that positivity for CTRM. Woo!

  13. Avataaar/Circle Created with python_avatars Astro Fishing says:

    Perfect timing, coffee, joint and a little bit of Treys trades knowledge. Beautiful morning.

  14. Avataaar/Circle Created with python_avatars 1 M1LL1ON5 says:

    HCMC MADE ME FUCKING $65,000 TO THE FUCKING MOON THIS STOCK WILL MAKE MILLIONAIRES 🚀🚀

  15. Avataaar/Circle Created with python_avatars Overkill79 says:

    I could be wrong but I'm not sure it's going to come back down to 61-65 cents. It seems to be on the rise.

  16. Avataaar/Circle Created with python_avatars Suhail Solkar says:

    excellent video as usual!

  17. Avataaar/Circle Created with python_avatars David Nevill Jr says:

    Their company info says they have 1 employee… Seems sketchy

  18. Avataaar/Circle Created with python_avatars Drew Rosina says:

    What is the entry point you’re looking for? Seeing 0.67 right now.

  19. Avataaar/Circle Created with python_avatars bee govinda says:

    Thank you for taking the time to make all these valuable videos. Sending ya good vibes fr Singapore ♥️

  20. Avataaar/Circle Created with python_avatars OBILLAKILLA90 says:

    Great video highspeed, but you talk too damn fast!

  21. Avataaar/Circle Created with python_avatars Thomas Machmeier says:

    Trey, PLEASE MAKE LIVESTREAM TODAY! AMC needs you. Thanks a lot!!

  22. Avataaar/Circle Created with python_avatars mohamad said says:

    Speak slowly
    Foreigner listen to you

  23. Avataaar/Circle Created with python_avatars Pol_TC says:

    Good video as usual. Sorry to spam but VYNE has announced the FDA approval of Amzeeq, today Feb 1st 2021.

  24. Avataaar/Circle Created with python_avatars nickel dimesndollars says:

    dude.. I had been watching this stock for a while but bought while watching your video on Friday after hours when you say they were in a squeeze. I did it as soon as you said. lol. bought in 15k at .603. I am up nicely on it today. Thank Trey. You da man..

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