Charter Hall Retail Real Estate Stock Forecast
Weaker technical forecast for Charter Hall Retail Real Estate as stock downgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The Charter Hall Retail Real Estate stock price fell by -0.90% on the last day (Friday, 19th Apr 2024) from $3.33 to $3.30. During the last trading day the stock fluctuated 2.16% from a day low at $3.24 to a day high of $3.31. The price has fallen in 8 of the last 10 days and is down by -5.98% 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 -171 thousand shares and in total, 918 thousand shares were bought and sold for approximately $3.03 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.53% during the next 3 months and, with a 90% probability hold a price between $3.04 and $3.40 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CQR.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Charter Hall Retail 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 $3.35 and $3.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -13.61%. 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 Retail Real Estate 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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0700 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 1.76%.
Charter Hall Retail Real Estate is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CQR.AX) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Charter Hall Retail Real Estate Investment Trust to open at $3.28, and during the day (based on 14 day Average True Range), to move between $3.23 and $3.37, which gives a possible trading interval of +/-$0.0708 (+/-2.14%) up or down from last closing price. If Charter Hall Retail Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.54, some $0.240 (7.27%) from the current price of $3.30, our system finds the risk reward not very attractive.
Is Charter Hall Retail Real Estate Investment Trust stock A Buy?
Charter Hall Retail Real Estate holds several negative signals and is within a wide and 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. 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: -3.386 Sell Candidate Downgraded
Predicted Opening Price for Charter Hall Retail Real Estate Investment Trust of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $3.28 ( 0.505%) | $3.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CQR.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.35 | 1.62 % | |
| R2 | 3.33 | 0.81 % | ||
| R1 | 3.31 | 0.305 % | ||
| Current price: | 3.30 | |||
| Support | S1 | 3.26 | -1.32 % | |
| S2 | 3.24 | -1.82 % | ||
| S3 | 3.21 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.72 | 12.73 % | |
| R2 | 3.63 | 10.00 % | ||
| R1 | 3.54 | 7.27 % | ||
| Current price | 3.30 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CQR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.128 | 3.59% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.130 | 3.34% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | $0.128 | 3.36% |
| 4 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.117 | 2.70% |
| 5 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | $0.127 | 3.36% |
FAQ
Click here for our free guide on how to buy Charter Hall Retail Real Estate Investment Trust Stock.
