Custodian REIT Plc Stock Forecast
Custodian REIT Plc stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 07, 2024)
No changes to the price of Custodian REIT Plc stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at £77.00 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.
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 12.74% during the next 3 months and, with a 90% probability hold a price between £83.41 and £96.11 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 £75.61 and £76.13. A breakdown below any of these levels will issue sell signals. 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 Friday, May 03, 2024, and so far it has fallen 0%. 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 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". The very low volume increases the risk and reduces the other technical signals issued.
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.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.46%
Our recommended stop-loss: £73.92 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CREI.L) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Custodian REIT Plc to open at £77.00, and during the day (based on 14 day Average True Range), to move between £73.76 and £80.24, which gives a possible trading interval of +/-£3.24 (+/-4.20%) up or down from last closing price. If Custodian REIT Plc takes out the full calculated possible swing range there will be an estimated 8.41% 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?
Custodian REIT Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.690 Hold/Accumulate Downgraded
Predicted Opening Price for Custodian REIT Plc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| £77.00 ( 0%) | £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 | 77.00 | . | |
| R2 | 77.00 | . | ||
| R1 | 77.00 | . | ||
| Current price: | 77.00 | |||
| Support | S1 | 77.00 | . | |
| S2 | 77.00 | . | ||
| S3 | 77.00 | . |
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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