BTB Real Estate Investment Trust Stock Forecast
BTB Real Estate Investment Trust stock price ended at $3.14 on Wednesday, after gaining 0.319%.
(Updated on May 01, 2024)
The BTB Real Estate Investment Trust stock price gained 0.319% on the last trading day (Wednesday, 1st May 2024), rising from $3.13 to $3.14. During the last trading day the stock fluctuated 0.96% from a day low at $3.13 to a day high of $3.16. The price has risen in 5 of the last 10 days and is up by 0.32% over the past 2 weeks. Volume fell on the last day by -50 thousand shares and in total, 22 thousand shares were bought and sold for approximately $69.50 thousand. 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.86% during the next 3 months and, with a 90% probability hold a price between $3.38 and $3.60 at the end of this 3-month period.
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BTB-UN.TO Signals & Forecast
There are few to no technical positive signals at the moment. The BTB Real Estate Investment Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.16 and $3.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BTB Real Estate Investment Trust stock
BTB Real Estate Investment Trust finds support from accumulated volume at $3.13 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 $0.0300 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.28%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTB-UN.TO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect BTB Real Estate Investment Trust to open at $3.14, and during the day (based on 14 day Average True Range), to move between $3.09 and $3.19, which gives a possible trading interval of +/-$0.0482 (+/-1.54%) up or down from last closing price. If BTB Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.13 (0.32%) than the resistance at $3.16 (0.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
BTB Real Estate Investment Trust will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for BTB Real Estate Investment Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.98% in the first trading day after earnings release.
Is BTB Real Estate Investment Trust stock A Buy?
The BTB Real Estate Investment Trust stock holds several negative signals and despite the positive trend, we believe BTB Real Estate Investment Trust will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.391 Sell Candidate Unchanged
Predicted Opening Price for BTB Real Estate Investment Trust of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $3.14 ( 0.106%) | $3.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTB-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.17 | 1.06 % | |
| R2 | 3.16 | 0.697 % | ||
| R1 | 3.15 | 0.471 % | ||
| Current price: | 3.14 | |||
| Support | S1 | 3.13 | -0.259 % | |
| S2 | 3.12 | -0.484 % | ||
| S3 | 3.11 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.27 | 4.14 % | |
| R2 | 3.17 | 0.96 % | ||
| R1 | 3.16 | 0.637 % | ||
| Current price | 3.14 | |||
| Support | S1 | 3.13 | -0.318% | |
| S2 | 3.07 | -2.23% | ||
| S3 | 2.99 | -4.78% |
BTB-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0250 | 0.796% |
| 2 | Apr 09, 2024 | Apr 09, 2024 | Apr 15, 2024 | $0.0250 | 0.80% |
| 3 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 4 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0 | 0% |
| 5 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | $0 | 0% |
FAQ
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