Cohen & Steers Reit and Preferred Income Stock Forecast

Cohen & Steers Reit and Preferred Income stock price ended at $19.97 on Friday, after gaining 1.37%.
(Updated on May 03, 2024)

RNP Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cohen & Steers Reit and Preferred Income 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 $20.04. On a fall, the stock will find some support from the short-term average at $19.67. 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 -0.250%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Cohen & Steers Reit and Preferred Income stock

Cohen & Steers Reit and Preferred Income finds support from accumulated volume at $19.92 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 $0.230 (1.16%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.

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

Trading Expectations (RNP) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Cohen & Steers Reit and Preferred Income Fund Inc to open at $19.97, and during the day (based on 14 day Average True Range), to move between $19.63 and $20.31, which gives a possible trading interval of +/-$0.340 (+/-1.70%) up or down from last closing price. If Cohen & Steers Reit and Preferred Income Fund Inc takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.99 (0.10%) than the support at $19.92 (0.25%), 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.

Is Cohen & Steers Reit and Preferred Income Fund Inc stock A Buy?

Cohen & Steers Reit and Preferred Income holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.469 Sell Candidate Unchanged

Predicted Opening Price for Cohen & Steers Reit and Preferred Income Fund Inc of Monday, May 6, 2024

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