CubeSmart Stock Forecast
Stronger technical forecast for CubeSmart stock price after Friday trading.
(Updated on May 03, 2024)
The CubeSmart stock price gained 0.676% on the last trading day (Friday, 3rd May 2024), rising from $41.45 to $41.73. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.81% from a day low at $41.55 to a day high of $42.30. The price has risen in 6 of the last 10 days but is still down by -0.76% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 863 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $82.68 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.80% during the next 3 months and, with a 90% probability hold a price between $38.82 and $44.29 at the end of this 3-month period.
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CUBE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 3.19%. Further rise is indicated until a new top pivot has been found. 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 CubeSmart 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 $43.12. On a fall, the stock will find some support from the short-term average at $41.11. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CubeSmart stock
CubeSmart finds support from accumulated volume at $41.24 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 $0.750 between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $39.61 (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (CUBE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect CubeSmart to open at $41.86, and during the day (based on 14 day Average True Range), to move between $40.76 and $42.70, which gives a possible trading interval of +/-$0.97 (+/-2.32%) up or down from last closing price. If CubeSmart takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.24 (1.17%) than the resistance at $42.78 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CubeSmart stock A Buy?
CubeSmart holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.837 Hold/Accumulate Upgraded
Predicted Opening Price for CubeSmart of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$41.86 ( 0.312%) | $41.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUBE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.61 | 2.11 % | |
R2 | 42.32 | 1.42 % | ||
R1 | 42.15 | 1.00 % | ||
Current price: | 41.73 | |||
Support | S1 | 41.57 | -0.375 % | |
S2 | 41.40 | -0.799 % | ||
S3 | 41.11 | -1.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.96 | 5.34 % | |
R2 | 42.85 | 2.68 % | ||
R1 | 42.78 | 2.52 % | ||
Current price | 41.73 | |||
Support | S1 | 41.24 | -1.17% | |
S2 | 40.80 | -2.23% | ||
S3 | 40.44 | -3.09% |
CUBE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.510 | 1.20% |
2 | Dec 29, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.510 | 1.13% |
3 | Jul 25, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.490 | 1.28% |
4 | May 16, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.490 | 1.05% |
5 | Feb 22, 2023 | Mar 31, 2023 | Apr 17, 2023 | $0.490 | 1.05% |
FAQ
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