Custodian REIT Plc Stock Forecast
Custodian REIT Plc stock price ended at £77.00 on Friday, after gaining 1.18%.
(Updated on May 03, 2024)
The Custodian REIT Plc stock price gained 1.18% on the last trading day (Friday, 3rd May 2024), rising from £76.10 to £77.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.45% from a day low at £75.90 to a day high of £77.00. The price has risen in 5 of the last 10 days and is up by 2.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 411 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £140.71 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.33% during the next 3 months and, with a 90% probability hold a price between £83.73 and £96.46 at the end of this 3-month period.
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CREI.L Signals & Forecast
The Custodian REIT Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £75.39 and £76.04. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -5.41%. 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).
Support, Risk & Stop-loss for Custodian REIT Plc stock
Custodian REIT Plc finds support from accumulated volume at £74.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £1.10 (1.45%) between high and low. For the last week, the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: £73.56 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (CREI.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Custodian REIT Plc to open at £76.63, and during the day (based on 14 day Average True Range), to move between £73.52 and £80.48, which gives a possible trading interval of +/-£3.48 (+/-4.52%) up or down from last closing price. If Custodian REIT Plc takes out the full calculated possible swing range there will be an estimated 9.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £77.10 (0.13%) than the support at £74.80 (2.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Custodian REIT Plc will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Custodian REIT Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.75% in the first trading day after earnings release.
Is Custodian REIT Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Custodian REIT Plc stock to perform well in the short-term.
Current score: 1.051 Buy Candidate Unchanged
Predicted Opening Price for Custodian REIT Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £76.63 ( 0.476%) | £77.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CREI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 77.73 | 0.95 % | |
| R2 | 77.31 | 0.407 % | ||
| R1 | 77.05 | 0.0695 % | ||
| Current price: | 77.00 | |||
| Support | S1 | 76.21 | -1.02 % | |
| S2 | 75.95 | -1.36 % | ||
| S3 | 75.53 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.40 | 5.71 % | |
| R2 | 79.20 | 2.86 % | ||
| R1 | 77.10 | 0.130 % | ||
| Current price | 77.00 | |||
| Support | S1 | 74.80 | -2.86% | |
| S2 | 72.70 | -5.58% | ||
| S3 | 70.20 | -8.83% |
CREI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 31, 2024 | £1.68 | 2.18% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Feb 29, 2024 | £0.0138 | 0.0191% |
| 3 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0138 | 0.0165% |
| 4 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £1.38 | 1.57% |
| 5 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £1.38 | 1.48% |
FAQ
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