Automotive Properties Real Estate Stock Forecast
Automotive Properties Real Estate stock price down 0.81% on Tuesday
(Updated on Jun 25, 2024)
The Automotive Properties Real Estate stock price fell by -0.81% on the last day (Tuesday, 25th Jun 2024) from $9.86 to $9.78. During the last trading day the stock fluctuated 0.92% from a day low at $9.76 to a day high of $9.85. The price has fallen in 9 of the last 10 days and is down by -3.46% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 17 thousand shares were bought and sold for approximately $165.48 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $9.72 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Automotive Properties Real Estate stock with a 90% probability to be traded between $9.58 and $10.13 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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APR-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.617%. 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 Automotive Properties Real Estate 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 $9.82 and $10.04. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Automotive Properties Real Estate stock
Automotive Properties Real Estate finds support from accumulated volume at $9.72 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 therefore the general risk is considered very 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 $0.0900 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.42%
Automotive Properties Real Estate is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APR-UN.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Automotive Properties Real Estate Investment Trust to open at $9.80, and during the day (based on 14 day Average True Range), to move between $9.66 and $9.90, which gives a possible trading interval of +/-$0.122 (+/-1.24%) up or down from last closing price. If Automotive Properties Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.72 (0.61%) than the resistance at $9.85 (0.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Automotive Properties Real Estate Investment Trust stock A Buy?
Automotive Properties Real Estate holds several negative signals and is within a 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: -1.565 Sell Candidate Unchanged
Predicted Opening Price for Automotive Properties Real Estate Investment Trust of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $9.80 ( 0.170%) | $9.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APR-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.89 | 1.09% |
| R2 | 9.85 | 0.739% |
| R1 | 9.83 | 0.522% |
| Price | 9.78 | |
| S1 | 9.76 | -0.181% |
| S2 | 9.74 | -0.398% |
| S3 | 9.71 | -0.750% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.01 | 2.35% |
| R2 | 9.87 | 0.92% |
| R1 | 9.85 | 0.716% |
| Price | 9.78 | |
| S1 | 9.72 | -0.613% |
| S2 | 0 | - |
| S3 | 0 | - |
APR-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0670 | 0.685% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.0670 | 0.676% |
| 3 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0670 | 0.655% |
| 4 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0670 | 0.679% |
| 5 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0.0670 | 0.655% |
FAQ
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