Sasseur Real Estate Investment Trust Stock Forecast
Red day on Friday for Sasseur Real Estate Investment Trust stock after losing 0.735%
(Updated on Jun 28, 2024)
The Sasseur Real Estate Investment Trust stock price fell by -0.735% on the last day (Friday, 28th Jun 2024) from S$0.680 to S$0.675. During the last trading day the stock fluctuated 1.48% from a day low at S$0.675 to a day high of S$0.685. The price has been going up and down for this period, and there has been a 1.5% gain for the last 2 weeks. Volume has increased on the last day by 742 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately S$761.20 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sasseur Real Estate Investment Trust stock with a 90% probability to be traded between S$0.643 and S$0.670 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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CRPU.SI Signals & Forecast
The Sasseur Real Estate Investment Trust 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 S$0.669 and S$0.672. 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 Thursday, June 27, 2024, and so far it has fallen -0.735%. 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). Sasseur Real Estate Investment Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Sasseur Real Estate Investment Trust stock
Sasseur Real Estate Investment Trust finds support from accumulated volume at S$0.670 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved S$0.0100 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: S$0.652 (-3.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (CRPU.SI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sasseur Real Estate Investment Trust to open at S$0.678, and during the day (based on 14 day Average True Range), to move between S$0.665 and S$0.685, which gives a possible trading interval of +/-S$0.0099 (+/-1.46%) up or down from last closing price. If Sasseur Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$0.680 (0.74%) than the support at S$0.670 (0.74%), 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.
Is Sasseur Real Estate Investment Trust stock A Buy?
Sasseur Real Estate Investment Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.895 Hold/Accumulate Unchanged
Predicted Opening Price for Sasseur Real Estate Investment Trust of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| S$0.678 ( 0.494%) | S$0.675 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRPU.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.688 | 1.98% |
| R2 | 0.685 | 1.41% |
| R1 | 0.682 | 1.06% |
| Price | 0.675 | |
| S1 | 0.675 | -0.0721% |
| S2 | 0.672 | -0.422% |
| S3 | 0.668 | -0.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.690 | 2.22% |
| R2 | 0.685 | 1.48% |
| R1 | 0.680 | 0.741% |
| Price | 0.675 | |
| S1 | 0.670 | -0.741% |
| S2 | 0.665 | -1.48% |
| S3 | 0.660 | -2.22% |
CRPU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 28, 2024 | S$0.0142 | 2.07% |
| 2 | Dec 08, 2023 | Dec 08, 2023 | Dec 27, 2023 | S$0.0151 | 2.21% |
| 3 | Sep 08, 2023 | Sep 08, 2023 | Sep 26, 2023 | S$0.0134 | 2.02% |
| 4 | Jun 09, 2023 | Jun 09, 2023 | Jun 27, 2023 | S$0.0185 | 2.66% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 28, 2023 | S$0.0130 | 1.75% |
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