Allied Properties Real Estate Investment Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Monday for Allied Properties Real Estate Investment stock after losing 0.234%
(Updated on Apr 29, 2024)
The Allied Properties Real Estate Investment stock price fell by -0.234% on the last day (Monday, 29th Apr 2024) from $17.10 to $17.06. During the last trading day the stock fluctuated 2.61% from a day low at $16.85 to a day high of $17.29. The price has been going up and down for this period, and there has been a -1.56% loss for the last 2 weeks. Volume has increased on the last day by 167 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 365 thousand shares were bought and sold for approximately $6.22 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 -4.01% during the next 3 months and, with a 90% probability hold a price between $15.78 and $17.81 at the end of this 3-month period.
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AP-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.14%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Allied Properties Real Estate Investment 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 $17.16 and $17.34. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Allied Properties Real Estate Investment stock
Allied Properties Real Estate Investment finds support from accumulated volume at $16.99 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 $0.440 between high and low, or 2.61%. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AP-UN.TO) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Allied Properties Real Estate Investment Trust to open at $17.07, and during the day (based on 14 day Average True Range), to move between $16.62 and $17.50, which gives a possible trading interval of +/-$0.439 (+/-2.57%) up or down from last closing price. If Allied Properties Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 5.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.08 (0.12%) than the support at $16.99 (0.41%), 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.
Earnings coming up
Allied Properties Real Estate Investment Trust will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for Allied Properties Real Estate Investment Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.23% in the first trading day after earnings release.
Is Allied Properties Real Estate Investment Trust stock A Buy?
Allied Properties Real Estate Investment 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: -3.305 Sell Candidate Unchanged
Predicted Opening Price for Allied Properties Real Estate Investment Trust of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $17.07 ( 0.0391%) | $17.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AP-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.51 | 2.62 % | |
| R2 | 17.34 | 1.63 % | ||
| R1 | 17.23 | 1.02 % | ||
| Current price: | 17.06 | |||
| Support | S1 | 16.90 | -0.95 % | |
| S2 | 16.79 | -1.55 % | ||
| S3 | 16.63 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.52 | 14.42 % | |
| R2 | 17.78 | 4.22 % | ||
| R1 | 17.08 | 0.117 % | ||
| Current price | 17.06 | |||
| Support | S1 | 16.99 | -0.410% | |
| S2 | 16.94 | -0.703% | ||
| S3 | 16.54 | -3.05% |
AP-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | $0 | 0% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0 | 0% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | $0 | 0% |
| 5 | Oct 25, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.470 | 2.33% |
FAQ
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