Charter Hall Retail Real Estate Stock Forecast
Charter Hall Retail Real Estate stock price ended at $3.31 on Thursday, after losing 0%.
(Updated on May 02, 2024)
No changes to the price of Charter Hall Retail Real Estate stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 1.06% from a day low at $3.31 to a day high of $3.34. The price has fallen in 5 of the last 10 days.
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 $3.25 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.06% during the next 3 months and, with a 90% probability hold a price between $2.92 and $3.21 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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CQR.AX Signals & Forecast
There are mixed signals in the stock today. 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 $3.34 and $3.47. 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". A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.303%. 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 Charter Hall Retail Real Estate stock
Charter Hall Retail Real Estate finds support from accumulated volume at $3.30 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 controlled movements and therefore the general risk is considered 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 $0.0350 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.21%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Charter Hall Retail Real Estate Investment Trust to open at $3.32, and during the day (based on 14 day Average True Range), to move between $3.25 and $3.37, which gives a possible trading interval of +/-$0.0648 (+/-1.96%) 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 3.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.30 (0.30%) than the resistance at $3.54 (6.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Charter Hall Retail Real Estate Investment Trust stock A Buy?
Charter Hall Retail Real Estate 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.
Current score: -1.616 Sell Candidate Unchanged
Predicted Opening Price for Charter Hall Retail Real Estate Investment Trust of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $3.32 ( 0.252%) | $3.31 |
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 | 1.31 % | |
| R2 | 3.34 | 0.91 % | ||
| R1 | 3.33 | 0.656 % | ||
| Current price: | 3.31 | |||
| Support | S1 | 3.30 | -0.152 % | |
| S2 | 3.30 | -0.402 % | ||
| S3 | 3.28 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.63 | 9.67 % | |
| R2 | 3.55 | 7.25 % | ||
| R1 | 3.54 | 6.95 % | ||
| Current price | 3.31 | |||
| Support | S1 | 3.30 | -0.302% | |
| 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
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