Nexus REIT Tr Unit Stock Forecast
Nexus REIT Tr Unit stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
No changes to the price of Nexus REIT Tr Unit stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $4.93 to a day high of $4.93. The price has been going up and down for this period, and there has been a -2.95% loss for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.85% during the next 3 months and, with a 90% probability hold a price between $4.32 and $4.84 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.
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EFRTF Signals & Forecast
There are mixed signals in the stock today. The Nexus REIT Tr Unit stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.11. On a fall, the stock will find some support from the short-term average at $4.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 27, 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 Nexus REIT Tr Unit stock
Nexus REIT Tr Unit finds support from accumulated volume at $4.86 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 0%
Our recommended stop-loss: $4.72 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (EFRTF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nexus REIT Tr Unit to open at $4.93, and during the day (based on 14 day Average True Range), to move between $4.87 and $4.99, which gives a possible trading interval of +/-$0.0600 (+/-1.22%) up or down from last closing price. If Nexus REIT Tr Unit takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.86 (1.42%) than the resistance at $5.09 (3.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nexus REIT Tr Unit stock A Buy?
Nexus REIT Tr Unit 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Nexus REIT Tr Unit of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$4.93 ( 0%) | $4.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFRTF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.93 | - |
R2 | 4.93 | - |
R1 | 4.93 | - |
Price | 4.93 | |
S1 | 4.93 | - |
S2 | 4.93 | - |
S3 | 4.93 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.18 | 5.07% |
R2 | 5.15 | 4.46% |
R1 | 5.09 | 3.19% |
Price | 4.93 | |
S1 | 4.86 | -1.42% |
S2 | 4.82 | -2.23% |
S3 | 4.77 | -3.25% |
EFRTF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0390 | 0.776% |
2 | May 31, 2024 | May 31, 2024 | Jun 14, 2024 | $0.0390 | 0.770% |
3 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0393 | 0.720% |
4 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0393 | 0.758% |
5 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0396 | 0.703% |
FAQ
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