Technical Analysis

Technical Analysis of Camden Property Trust (CPT)

Current Price and Trend

As of the latest data, Camden Property Trust (CPT) is trading at $120.52. The stock has shown a slight decline in recent sessions, closing at $121.49 on 2025-03-07, with a volume of 731,214 shares.

Key Technical Indicators

• RSI (6, 12, 14): 44.86, 53.68, 54.51
  • The RSI values are below 70, indicating the stock is not overbought.
• Stochastic Oscillator (%K, %D): 55.80, 66.12
  • The %K line is rising toward the %D line, suggesting a potential bullish signal.
• MACD: 1.91 (MACD Line), -0.07 (Signal Line), 1.98 (Histogram)
  • The MACD line is above the signal line, indicating bullish momentum.
• Fibonacci Levels:
  • Pivot: $122.97
  • Resistance Levels (R1, R2, R3): $125.65, $127.30, $129.98
  • Support Levels (S1, S2, S3): $120.29, $118.63, $115.95

Bollinger Bands and Moving Averages

• The stock is currently trading near the lower Bollinger Band, suggesting it may be undervalued.
• The 20-day SMA ($121.10) and 50-day SMA ($116.82) indicate a bullish trend, with the stock trading above these levels.

Analyst Sentiment

• The stock has a "Moderate Buy" consensus rating from analysts, with a mean price target of $126.18 and a high target of $142. Recent upgrades from Mizuho and Barclays further support the bullish outlook.

{RATING:symbol=CPT, type=0}

Conclusion

Based on the technical analysis, Camden Property Trust (CPT) is currently trading near a support level with bullish indicators. The stock is undervalued at its current price of $120.52, with potential upside to the Fibonacci resistance levels.

Recommendation: BUY at the current price of $120.52, with a target price of $125.65 (Fibonacci R1).