Crombie Real Estate Investment Trust Stock Forecast
Crombie Real Estate Investment Trust stock downgraded to Sell Candidate
(Updated on Apr 26, 2024)
The Crombie Real Estate Investment Trust stock price gained 0.701% on the last trading day (Friday, 26th Apr 2024), rising from $12.83 to $12.92. During the last trading day the stock fluctuated 1.09% from a day low at $12.84 to a day high of $12.98. The price has fallen in 6 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 97 thousand shares were bought and sold for approximately $1.26 million.
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 $12.73 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.90% during the next 3 months and, with a 90% probability hold a price between $12.11 and $13.21 at the end of this 3-month period.
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CRR-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.94%. Further rise is indicated until a new top pivot has been found. Crombie Real Estate Investment Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Crombie Real Estate Investment Trust 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 $12.94 and $13.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Crombie Real Estate Investment Trust stock
Crombie Real Estate Investment Trust finds support from accumulated volume at $12.84 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 $0.140 (1.09%) between high and low. For the last week, the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRR-UN.TO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Crombie Real Estate Investment Trust to open at $12.91, and during the day (based on 14 day Average True Range), to move between $12.67 and $13.17, which gives a possible trading interval of +/-$0.250 (+/-1.93%) up or down from last closing price. If Crombie Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.84 (0.62%) than the resistance at $13.64 (5.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Crombie Real Estate Investment Trust stock A Buy?
Crombie Real Estate Investment Trust holds several negative signals and is within a 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: -1.089 Sell Candidate Downgraded
Predicted Opening Price for Crombie Real Estate Investment Trust of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $12.91 ( 0.0516%) | $12.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRR-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.05 | 1.03 % | |
| R2 | 13.00 | 0.618 % | ||
| R1 | 12.97 | 0.362 % | ||
| Current price: | 12.92 | |||
| Support | S1 | 12.86 | -0.466 % | |
| S2 | 12.83 | -0.721 % | ||
| S3 | 12.77 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.93 | 7.82 % | |
| R2 | 13.85 | 7.20 % | ||
| R1 | 13.64 | 5.57 % | ||
| Current price | 12.92 | |||
| Support | S1 | 12.84 | -0.619% | |
| S2 | 12.82 | -0.774% | ||
| S3 | 12.80 | -0.93% |
CRR-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0742 | 0.574% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0742 | 0.535% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.0742 | 0.533% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
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