Arena REIT Stock Forecast
Arena REIT stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on May 21, 2024)
The Arena REIT stock price fell by -0.260% on the last day (Tuesday, 21st May 2024) from $3.84 to $3.83. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.58% from a day low at $3.79 to a day high of $3.85. The price has fallen in 6 of the last 10 days but is still up by 2.41% over the past 2 weeks. Volume has increased on the last day by 242 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, 457 thousand shares were bought and sold for approximately $1.75 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.41% during the next 3 months and, with a 90% probability hold a price between $4.00 and $4.57 at the end of this 3-month period.
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ARF.AX Signals & Forecast
The Arena REIT 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 $3.81 and $3.72. 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). 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 Thursday, May 16, 2024, and so far it has fallen -2.05%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Arena REIT stock
Arena REIT finds support from accumulated volume at $3.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0600 (1.58%) between high and low. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $3.73 (-2.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (ARF.AX) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Arena REIT to open at $3.82, and during the day (based on 14 day Average True Range), to move between $3.75 and $3.91, which gives a possible trading interval of +/-$0.0805 (+/-2.10%) up or down from last closing price. If Arena REIT takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.85 (0.52%) than the support at $3.74 (2.35%), 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 Arena REIT stock A Buy?
Arena REIT holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.178 Strong Buy Candidate Upgraded
Predicted Opening Price for Arena REIT of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $3.82 ( 0.174%) | $3.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARF.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.88 | 1.39 % | |
| R2 | 3.86 | 0.794 % | ||
| R1 | 3.85 | 0.424 % | ||
| Current price: | 3.83 | |||
| Support | S1 | 3.80 | -0.772 % | |
| S2 | 3.79 | -1.14 % | ||
| S3 | 3.76 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.97 | 3.66 % | |
| R2 | 3.92 | 2.35 % | ||
| R1 | 3.85 | 0.522 % | ||
| Current price | 3.83 | |||
| Support | S1 | 3.74 | -2.35% | |
| S2 | 3.59 | -6.27% | ||
| S3 | 3.48 | -9.14% |
ARF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | May 09, 2024 | $0.0435 | 1.16% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | $0.0435 | 1.29% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.0420 | 1.10% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | $0.0420 | 1.16% |
FAQ
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