Terreno Realty Corporation Stock Forecast
Terreno Realty Corporation stock price fell more than -5.01% Wednesday closing at $55.52
(Updated on Apr 17, 2024)
The Terreno Realty Corporation stock price fell by -5.01% on the last day (Wednesday, 17th Apr 2024) from $58.45 to $55.52. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 5.10% from a day low at $55.32 to a day high of $58.14. The price has fallen in 6 of the last 10 days and is down by -11.18% for this period. Volume has increased on the last day by 735 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, 2 million shares were bought and sold for approximately $84.17 million.
Given the current short-term trend, the stock is expected to rise 2.22% during the next 3 months and, with a 90% probability hold a price between $56.76 and $68.19 at the end of this 3-month period.
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 $60.39 and $63.26. 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 -16.39%. 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 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 $2.82 between high and low, or 5.10%. For the last week, the stock has had daily average volatility of 2.88%.
Terreno Realty Corporation is oversold on RSI14 (22). 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 Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Terreno Realty Corporation to open at $56.33, and during the day (based on 14 day Average True Range), to move between $53.89 and $57.15, which gives a possible trading interval of +/-$1.63 (+/-2.93%) up or down from last closing price. If Terreno Realty Corporation takes out the full calculated possible swing range there will be an estimated 5.86% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $63.87, some $8.35 (15.04%) from the current price of $55.52, our system finds the risk reward not very attractive.
Is Terreno Realty Corporation stock A Buy?
The Terreno Realty Corporation stock holds several negative signals and despite the positive trend, we believe Terreno Realty Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.822 Sell Candidate Unchanged
Predicted Opening Price for Terreno Realty Corporation of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$56.33 ( 1.45%) | $55.52 |
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 | 59.15 | 6.53 % | |
R2 | 58.07 | 4.59 % | ||
R1 | 57.40 | 3.39 % | ||
Current price: | 55.52 | |||
Support | S1 | 55.25 | -0.487 % | |
S2 | 54.58 | -1.69 % | ||
S3 | 53.51 | -3.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 65.33 | 17.67 % | |
R2 | 64.09 | 15.44 % | ||
R1 | 63.87 | 15.04 % | ||
Current price | 55.52 | |||
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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