Easterly Government Properties, Inc Stock Forecast
Green day on Monday for Easterly Government Properties, Inc
(Updated on Apr 22, 2024)
The Easterly Government Properties, Inc stock price gained 1.55% on the last trading day (Monday, 22nd Apr 2024), rising from $11.59 to $11.77. It has now gained 4 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 1.73% from a day low at $11.59 to a day high of $11.79. The price has risen in 6 of the last 10 days and is up by 1.9% over the past 2 weeks. Volume fell on the last day by -182 thousand shares and in total, 719 thousand shares were bought and sold for approximately $8.47 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -8.52% during the next 3 months and, with a 90% probability hold a price between $9.74 and $10.77 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DEA Signals & Forecast
Mostly positive signals in the chart today. The Easterly Government Properties, Inc 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 $11.40 and $11.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.52%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Easterly Government Properties, Inc stock
Easterly Government Properties, Inc finds support from accumulated volume at $11.64 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 $0.200 between high and low, or 1.73%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: $11.20 (-4.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (DEA) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Easterly Government Properties, Inc to open at $11.72, and during the day (based on 14 day Average True Range), to move between $11.52 and $12.02, which gives a possible trading interval of +/-$0.246 (+/-2.09%) up or down from last closing price. If Easterly Government Properties, Inc takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.80 (0.25%) than the support at $11.64 (1.10%), 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
Easterly Government Properties, Inc will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.280. We will update the financials statements for Easterly Government Properties, Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.54% in the first trading day after earnings release.
Is Easterly Government Properties, Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.727 Buy Candidate Unchanged
Predicted Opening Price for Easterly Government Properties, Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $11.72 ( 0.453%) | $11.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.92 | 1.25 % | |
| R2 | 11.84 | 0.597 % | ||
| R1 | 11.79 | 0.196 % | ||
| Current price: | 11.77 | |||
| Support | S1 | 11.64 | -1.10 % | |
| S2 | 11.59 | -1.50 % | ||
| S3 | 11.52 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.95 | 1.53 % | |
| R2 | 11.82 | 0.425 % | ||
| R1 | 11.80 | 0.255 % | ||
| Current price | 11.77 | |||
| Support | S1 | 11.64 | -1.10% | |
| S2 | 11.42 | -2.97% | ||
| S3 | 11.34 | -3.65% |
DEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Mar 18, 2024 | $0.265 | 2.35% |
| 2 | Oct 26, 2023 | Nov 08, 2023 | Nov 21, 2023 | $0.265 | 2.32% |
| 3 | Aug 02, 2023 | Aug 16, 2023 | Aug 29, 2023 | $0.265 | 1.96% |
| 4 | Apr 26, 2023 | May 10, 2023 | May 23, 2023 | $0.265 | 1.92% |
| 5 | Feb 22, 2023 | Mar 08, 2023 | Mar 21, 2023 | $0.265 | 1.99% |
FAQ
Click here for our free guide on how to buy Easterly Government Properties, Inc Stock.
