Charter Hall Long WALE REIT Stock Forecast
Red day on Friday for Charter Hall Long WALE REIT stock after losing 0.91%
(Updated on Jun 28, 2024)
The Charter Hall Long WALE REIT stock price fell by -0.91% on the last day (Friday, 28th Jun 2024) from $3.28 to $3.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.23% from a day low at $3.25 to a day high of $3.36. The price has fallen in 5 of the last 10 days and is down by -5.25% 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 -268 thousand shares and in total, 2 million shares were bought and sold for approximately $7.06 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.22 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.70% during the next 3 months and, with a 90% probability hold a price between $3.07 and $3.38 at the end of this 3-month period.
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CLW.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Charter Hall Long WALE REIT 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 $3.39 and $3.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -10.47%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Charter Hall Long WALE REIT stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.105 between high and low, or 3.23%. For the last week the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLW.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Charter Hall Long WALE REIT to open at $3.29, and during the day (based on 14 day Average True Range), to move between $3.17 and $3.33, which gives a possible trading interval of +/-$0.0759 (+/-2.33%) up or down from last closing price. If Charter Hall Long WALE REIT takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.42, some $0.170 (5.23%) from the current price of $3.25, our system finds the risk reward not very attractive.
Is Charter Hall Long WALE REIT stock A Buy?
Charter Hall Long WALE REIT 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: -4.470 Sell Candidate Unchanged
Predicted Opening Price for Charter Hall Long WALE REIT of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $3.29 ( 1.08%) | $3.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLW.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.39 | 4.31% |
| R2 | 3.35 | 3.07% |
| R1 | 3.33 | 2.31% |
| Price | 3.25 | |
| S1 | 3.24 | -0.157% |
| S2 | 3.22 | -0.92% |
| S3 | 3.18 | -2.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.47 | 6.77% |
| R2 | 3.46 | 6.46% |
| R1 | 3.42 | 5.23% |
| Price | 3.25 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CLW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 14, 2024 | $0.0650 | 2.00% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | May 15, 2024 | $0.0650 | 1.85% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Feb 14, 2024 | $0.0650 | 1.76% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | $0.0650 | 2.01% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.0700 | 1.74% |
FAQ
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