CRE Logistics REIT,Inc. Stock Forecast
CRE Logistics REIT,Inc. stock upgraded to Buy Candidate.
(Updated on May 02, 2024)
The CRE Logistics REIT,Inc. stock price gained 0.132% on the last trading day (Thursday, 2nd May 2024), rising from JP¥151,800.00 to JP¥152,000.00. During the last trading day the stock fluctuated 0.86% from a day low at JP¥151,800.00 to a day high of JP¥153,100.00. The price has risen in 7 of the last 10 days and is up by 2.49% over the past 2 weeks. Volume fell on the last day by -1 shares and in total, 1 thousand shares were bought and sold for approximately JP¥204.44 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 lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥153,502.37 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.47% during the next 3 months and, with a 90% probability hold a price between JP¥145,843.01 and JP¥157,289.80 at the end of this 3-month period.
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3487.T Signals & Forecast
The CRE Logistics REIT,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 JP¥150,728.57 and JP¥149,177.14. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -0.328%. Further fall is indicated until a new bottom pivot has been found.
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¥1,300.00 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 0.99%.
Our recommended stop-loss: JP¥146,792.13 (-3.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (3487.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect CRE Logistics REIT,Inc. to open at JP¥152,300.00, and during the day (based on 14 day Average True Range), to move between JP¥150,063.13 and JP¥153,936.87, which gives a possible trading interval of +/-JP¥1,936.87 (+/-1.27%) 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 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥152,200.00 (0.13%) than the support at JP¥146,000.00 (3.95%), 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 CRE Logistics REIT,Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CRE Logistics REIT,Inc. 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: 1.148 Buy Candidate Upgraded
Predicted Opening Price for CRE Logistics REIT,Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥152,300.00 ( 0.197%) | JP¥152,000.00 |
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 | 153,600.00 | 1.05 % | |
| R2 | 153,103.40 | 0.726 % | ||
| R1 | 152,796.60 | 0.524 % | ||
| Current price: | 152,000.00 | |||
| Support | S1 | 151,803.40 | -0.129 % | |
| S2 | 151,496.60 | -0.331 % | ||
| S3 | 151,000.00 | -0.658 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154,900.00 | 1.91 % | |
| R2 | 152,500.00 | 0.329 % | ||
| R1 | 152,200.00 | 0.132 % | ||
| Current price | 152,000.00 | |||
| Support | S1 | 146,000.00 | -3.95% | |
| S2 | 144,000.00 | -5.26% | ||
| S3 | 141,000.00 | -7.24% |
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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