Nexpoint Real Estate Finance Inc Stock Forecast
Stronger technical forecast for Nexpoint Real Estate Finance Inc stock price after Friday trading.
(Updated on May 17, 2024)
The Nexpoint Real Estate Finance Inc stock price gained 0.0708% on the last trading day (Friday, 17th May 2024), rising from $14.12 to $14.13. It has now gained 5 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 3.03% from a day low at $13.84 to a day high of $14.26. The price has risen in 7 of the last 10 days and is up by 6.96% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 31 thousand shares were bought and sold for approximately $443.56 thousand. 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.
Given the current short-term trend, the stock is expected to fall -6.47% during the next 3 months and, with a 90% probability hold a price between $11.69 and $13.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NREF Signals & Forecast
The Nexpoint Real Estate Finance Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $13.68 and $13.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 9.28%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Nexpoint Real Estate Finance Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.36 and $12.99. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nexpoint Real Estate Finance Inc finds support just below today's level at $13.36. If this is broken, then the next support from accumulated volume will be at $12.99 and $12.93.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.420 between high and low, or 3.03%. For the last week the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: $13.60 (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (NREF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Nexpoint Real Estate Finance Inc to open at $14.08, and during the day (based on 14 day Average True Range), to move between $13.68 and $14.58, which gives a possible trading interval of +/-$0.450 (+/-3.19%) up or down from last closing price. If Nexpoint Real Estate Finance Inc takes out the full calculated possible swing range there will be an estimated 6.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.36 (1.63%) than the support at $13.36 (5.45%), 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 Nexpoint Real Estate Finance Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.849 Buy Candidate Upgraded
Predicted Opening Price for Nexpoint Real Estate Finance Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $14.08 ( 0.377%) | $14.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NREF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.50 | 2.59 % | |
| R2 | 14.34 | 1.46 % | ||
| R1 | 14.24 | 0.758 % | ||
| Current price: | 14.13 | |||
| Support | S1 | 13.92 | -1.51 % | |
| S2 | 13.82 | -2.21 % | ||
| S3 | 13.66 | -3.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.70 | 4.03 % | |
| R2 | 14.46 | 2.34 % | ||
| R1 | 14.36 | 1.63 % | ||
| Current price | 14.13 | |||
| Support | S1 | 13.36 | -5.45% | |
| S2 | 12.99 | -8.07% | ||
| S3 | 12.93 | -8.49% |
NREF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.500 | 3.56% |
| 2 | Feb 29, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.500 | 3.48% |
| 3 | Oct 31, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.690 | 4.38% |
| 4 | Jul 25, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.185 | 1.13% |
| 5 | Apr 26, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.685 | 4.39% |
FAQ
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