Terreno Realty Corporation Stock Forecast
Terreno Realty Corporation stock downgraded from Sell Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Terreno Realty Corporation stock price fell by -1.59% on the last day (Thursday, 25th Apr 2024) from $55.31 to $54.43. During the last trading day the stock fluctuated 1.63% from a day low at $53.89 to a day high of $54.77. The price has fallen in 7 of the last 10 days and is down by -11.48% for this period. Volume has increased on the last day by 338 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 838 thousand shares were bought and sold for approximately $45.63 million.
Given the current short-term trend, the stock is expected to fall -4.55% during the next 3 months and, with a 90% probability hold a price between $51.95 and $62.46 at the end of this 3-month period.
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TRNO Signals & Forecast
There are few to no technical positive signals at the moment. 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 $55.22 and $61.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -18.03%. 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.
Support, Risk & Stop-loss for Terreno Realty Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.88 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 1.93%.
Terreno Realty Corporation is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect Terreno Realty Corporation to open at $54.36, and during the day (based on 14 day Average True Range), to move between $52.95 and $55.91, which gives a possible trading interval of +/-$1.48 (+/-2.72%) up or down from last closing price. If Terreno Realty Corporation takes out the full calculated possible swing range there will be an estimated 5.45% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $55.52, some $1.09 (2.00%) from the current price of $54.43, our system finds the risk reward not very attractive.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.452 Strong Sell Candidate Downgraded
Predicted Opening Price for Terreno Realty Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $54.36 ( 0.122%) | $54.43 |
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 | 55.24 | 1.49 % | |
| R2 | 54.91 | 0.88 % | ||
| R1 | 54.70 | 0.495 % | ||
| Current price: | 54.43 | |||
| Support | S1 | 54.03 | -0.740 % | |
| S2 | 53.82 | -1.12 % | ||
| S3 | 53.48 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.09 | 17.75 % | |
| R2 | 63.87 | 17.34 % | ||
| R1 | 55.52 | 2.00 % | ||
| Current price | 54.43 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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