Terreno Realty Corporation Stock Forecast
Terreno Realty Corporation stock price down 2.12% on Wednesday
(Updated on Apr 24, 2024)
The Terreno Realty Corporation stock price fell by -2.12% on the last day (Wednesday, 24th Apr 2024) from $56.51 to $55.31. During the last trading day the stock fluctuated 1.76% from a day low at $55.20 to a day high of $56.17. The price has fallen in 7 of the last 10 days and is down by -10.17% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -81 thousand shares and in total, 500 thousand shares were bought and sold for approximately $27.65 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $54.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.29% during the next 3 months and, with a 90% probability hold a price between $52.81 and $63.58 at the end of this 3-month period.
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TRNO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.02%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Terreno Realty Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $55.79 and $61.95. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Terreno Realty Corporation stock
Terreno Realty Corporation finds support from accumulated volume at $55.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.97 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRNO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Terreno Realty Corporation to open at $55.56, and during the day (based on 14 day Average True Range), to move between $53.82 and $56.80, which gives a possible trading interval of +/-$1.49 (+/-2.69%) up or down from last closing price. If Terreno Realty Corporation takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $55.52 (0.38%) than the support at $55.07 (0.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Terreno Realty Corporation will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.580. We will update the financials statements for Terreno Realty Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.12% in the first trading day after earnings release.
Is Terreno Realty Corporation stock A Buy?
Terreno Realty Corporation holds several negative signals and is within a wide and 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.
Current score: -1.813 Sell Candidate Unchanged
Predicted Opening Price for Terreno Realty Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $55.56 ( 0.452%) | $55.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRNO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.53 | 2.21 % | |
| R2 | 56.16 | 1.54 % | ||
| R1 | 55.93 | 1.12 % | ||
| Current price: | 55.31 | |||
| Support | S1 | 55.19 | -0.218 % | |
| S2 | 54.96 | -0.632 % | ||
| S3 | 54.59 | -1.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.09 | 15.87 % | |
| R2 | 63.87 | 15.48 % | ||
| R1 | 55.52 | 0.380 % | ||
| Current price | 55.31 | |||
| Support | S1 | 55.07 | -0.434% | |
| S2 | 54.94 | -0.669% | ||
| S3 | 54.75 | -1.01% |
TRNO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 05, 2024 | $0.450 | 0.710% |
| 2 | Nov 01, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.450 | 0.728% |
| 3 | Aug 02, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.450 | 0.81% |
| 4 | May 03, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.400 | 0.670% |
| 5 | Feb 08, 2023 | Mar 30, 2023 | Apr 06, 2023 | $0.400 | 0.627% |
FAQ
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