CRE Logistics REIT,Inc. Stock Forecast
Stronger technical forecast for CRE Logistics REIT,Inc. stock price after Friday trading.
(Updated on Apr 19, 2024)
The CRE Logistics REIT,Inc. stock price gained 0.204% on the last trading day (Friday, 19th Apr 2024), rising from JP¥147,400.00 to JP¥147,700.00. During the last trading day the stock fluctuated 1.50% from a day low at JP¥146,200.00 to a day high of JP¥148,400.00. The price has risen in 6 of the last 10 days but is still down by -0.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately JP¥403.81 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 -2.65% during the next 3 months and, with a 90% probability hold a price between JP¥133,747.77 and JP¥147,926.25 at the end of this 3-month period.
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3487.T Signals & Forecast
The CRE Logistics REIT,Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥148,271.43. On a fall, the stock will find some support from the long-term average at approximately JP¥147,311.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.15%. 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).
Support, Risk & Stop-loss for CRE Logistics REIT,Inc. stock
CRE Logistics REIT,Inc. finds support from accumulated volume at JP¥146,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥2,200.00 between high and low, or 1.50%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: JP¥140,528.56 (-4.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (3487.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CRE Logistics REIT,Inc. to open at JP¥147,433.33, and during the day (based on 14 day Average True Range), to move between JP¥145,453.35 and JP¥149,946.65, which gives a possible trading interval of +/-JP¥2,246.65 (+/-1.52%) up or down from last closing price. If CRE Logistics REIT,Inc. takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥146,000.00 (1.15%) than the resistance at JP¥150,500.00 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CRE Logistics REIT,Inc. stock A Buy?
CRE Logistics REIT,Inc. 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: -0.647 Hold/Accumulate Upgraded
Predicted Opening Price for CRE Logistics REIT,Inc. of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
JP¥147,433.33 ( 0.181%) | JP¥147,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3487.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 149,633.33 | 1.31 % | |
R2 | 148,792.93 | 0.740 % | ||
R1 | 148,273.73 | 0.388 % | ||
Current price: | 147,700.00 | |||
Support | S1 | 146,592.93 | -0.750 % | |
S2 | 146,073.73 | -1.10 % | ||
S3 | 145,233.33 | -1.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 152,900.00 | 3.52 % | |
R2 | 152,200.00 | 3.05 % | ||
R1 | 150,500.00 | 1.90 % | ||
Current price | 147,700.00 | |||
Support | S1 | 146,000.00 | -1.15% | |
S2 | 144,000.00 | -2.51% | ||
S3 | 141,000.00 | -4.54% |
3487 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥3,626.00 | 2.04% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥6,274.00 | 3.36% |
4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥3,577.00 | 1.87% |
5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥3,524.00 | 1.58% |
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