Boardwalk Real Estate Investment Trust Stock Forecast
Weaker technical forecast for Boardwalk Real Estate Investment Trust as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
No changes to the price of Boardwalk Real Estate Investment Trust stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $50.62 to a day high of $50.62. The price has been going up and down for this period, and there has been a -3.98% loss for the last 2 weeks.
The stock lies in the middle of a 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 -6.31% during the next 3 months and, with a 90% probability hold a price between $45.55 and $49.37 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BOWFF Signals & Forecast
There are mixed signals in the stock today. The Boardwalk Real Estate Investment Trust 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 $51.31 and $52.34. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Boardwalk Real Estate Investment Trust stock
Boardwalk Real Estate Investment Trust finds support from accumulated volume at $50.62 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0039%
Boardwalk Real Estate Investment Trust is oversold on RSI14 (23). 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 (BOWFF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Boardwalk Real Estate Investment Trust to open at $50.62, and during the day (based on 14 day Average True Range), to move between $50.30 and $50.94, which gives a possible trading interval of +/-$0.317 (+/-0.63%) up or down from last closing price. If Boardwalk Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.62 (0.00%) than the resistance at $51.25 (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Boardwalk Real Estate Investment Trust stock A Buy?
Boardwalk Real Estate Investment Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.803 Sell Candidate Downgraded
Predicted Opening Price for Boardwalk Real Estate Investment Trust of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $50.62 ( 0%) | $50.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOWFF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.62 | - |
| R2 | 50.62 | - |
| R1 | 50.62 | - |
| Price | 50.62 | |
| S1 | 50.62 | - |
| S2 | 50.62 | - |
| S3 | 50.62 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.00 | 6.68% |
| R2 | 53.44 | 5.56% |
| R1 | 51.25 | 1.24% |
| Price | 50.62 | |
| S1 | 50.62 | -0.0034% |
| S2 | 0 | - |
| S3 | 0 | - |
BOWFF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0900 | 0.176% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.0883 | 0.175% |
| 3 | Feb 22, 2024 | May 30, 2024 | Jun 17, 2024 | $0.0871 | 0.173% |
| 4 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0883 | 0.163% |
| 5 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0887 | 0.169% |
FAQ
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