Diversified Healthcare Trust - Trust Forecast

Weaker technical forecast for Diversified Healthcare Trust - as trust downgraded to Sell Candidate.
(Updated on Jun 25, 2024)

DHCNI Signals & Forecast

The Diversified Healthcare Trust - trust holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately $14.23. On a fall, the trust will find some support from the long-term average at approximately $13.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Wednesday, June 12, 2024, and so far it has fallen -3.30%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Diversified Healthcare Trust - trust

On the downside, the trust finds support just below today's level from accumulated volume at $12.98 and $12.85. There is a natural risk involved when a trust is testing a support level, since if this is broken, the trust then may fall to the next support level. In this case, Diversified Healthcare Trust - finds support just below today's level at $12.98. If this is broken, then the next support from accumulated volume will be at $12.85 and $12.60.

This trust has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the trust moved $0.250 between high and low, or 1.78%. For the last week the trust has had daily average volatility of 2.67%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DHCNI) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Diversified Healthcare Trust - to open at $14.14, and during the day (based on 14 day Average True Range), to move between $13.62 and $14.52, which gives a possible trading interval of +/-$0.454 (+/-3.22%) up or down from last closing price. If Diversified Healthcare Trust - takes out the full calculated possible swing range there will be an estimated 6.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.30 (1.63%) than the support at $12.98 (7.75%), 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 Diversified Healthcare Trust - trust A Buy?

Diversified Healthcare Trust - holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.038 Sell Candidate Downgraded

Predicted Opening Price for Diversified Healthcare Trust - of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.