NETSTREIT Corp. Stock Forecast
NETSTREIT Corp. stock price up 0.89% on Wednesday
(Updated on May 01, 2024)
The NETSTREIT Corp. stock price gained 0.89% on the last trading day (Wednesday, 1st May 2024), rising from $16.85 to $17.00. During the last trading day the stock fluctuated 2.47% from a day low at $16.83 to a day high of $17.25. The price has been going up and down for this period, and there has been a 3.22% gain for the last 2 weeks. Volume fell on the last day by -332 thousand shares and in total, 795 thousand shares were bought and sold for approximately $13.51 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NETSTREIT Corp. stock with a 90% probability to be traded between $15.97 and $17.88 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NTST Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.98%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NETSTREIT Corp. 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 $17.09 and $17.29. 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).
Support, Risk & Stop-loss for NETSTREIT Corp. stock
NETSTREIT Corp. finds support from accumulated volume at $16.92 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 $0.415 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTST) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect NETSTREIT Corp. to open at $17.03, and during the day (based on 14 day Average True Range), to move between $16.63 and $17.37, which gives a possible trading interval of +/-$0.372 (+/-2.19%) up or down from last closing price. If NETSTREIT Corp. takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.92 (0.47%) than the resistance at $17.30 (1.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NETSTREIT Corp. stock A Buy?
NETSTREIT Corp. 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: -4.092 Sell Candidate Unchanged
Predicted Opening Price for NETSTREIT Corp. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $17.03 ( 0.147%) | $17.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.44 | 2.59 % | |
| R2 | 17.28 | 1.66 % | ||
| R1 | 17.18 | 1.08 % | ||
| Current price: | 17.00 | |||
| Support | S1 | 16.87 | -0.785 % | |
| S2 | 16.77 | -1.36 % | ||
| S3 | 16.61 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.58 | 3.41 % | |
| R2 | 17.33 | 1.94 % | ||
| R1 | 17.30 | 1.76 % | ||
| Current price | 17.00 | |||
| Support | S1 | 16.92 | -0.471% | |
| S2 | 16.81 | -1.12% | ||
| S3 | 16.78 | -1.29% |
NTST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 14, 2024 | $0.205 | 1.21% |
| 2 | Feb 13, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.205 | 1.12% |
| 3 | Oct 25, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.210 | 1.22% |
| 4 | Jul 24, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.205 | 1.20% |
| 5 | Apr 25, 2023 | May 31, 2023 | Jun 15, 2023 | $0.200 | 1.09% |
FAQ
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