National Retail Properties Stock Forecast

National Retail Properties stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)

NNN Signals & Forecast

There are few to no technical positive signals at the moment. The National Retail Properties stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $41.48. On a fall, the stock will find some support from the short-term average at $40.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.267%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, March 28, 2024 with a target of $41.22. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for National Retail Properties stock

National Retail Properties finds support from accumulated volume at $41.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.450 (1.11%) between high and low. For the last week, the stock has had daily average volatility of 1.43%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NNN) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect National Retail Properties to open at $40.92, and during the day (based on 14 day Average True Range), to move between $40.34 and $41.72, which gives a possible trading interval of +/-$0.688 (+/-1.68%) up or down from last closing price. If National Retail Properties takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $41.00 (0.07%) than the resistance at $41.15 (0.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is National Retail Properties stock A Buy?

National Retail Properties holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.751 Sell Candidate Downgraded

Predicted Opening Price for National Retail Properties of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.