Essential Properties Realty Trust Inc. Stock Forecast
Green day on Friday for Essential Properties Realty Trust Inc. stock after gaining 1.27%
(Updated on Apr 19, 2024)
The Essential Properties Realty Trust Inc. stock price gained 1.27% on the last trading day (Friday, 19th Apr 2024), rising from $25.16 to $25.48. It has now gained 3 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 1.75% from a day low at $25.09 to a day high of $25.53. The price has risen in 6 of the last 10 days but is still down by -0.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 134 thousand more shares were traded than the day before. In total, 958 thousand shares were bought and sold for approximately $24.42 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.86% during the next 3 months and, with a 90% probability hold a price between $25.70 and $28.27 at the end of this 3-month period.
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EPRT Signals & Forecast
The Essential Properties Realty Trust 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 $25.22 and $25.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.91%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Tuesday, April 09, 2024 and based on theory for this formation the price should fall by -3.85% to $24.50 within 7 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for Essential Properties Realty Trust Inc. stock
Essential Properties Realty Trust Inc. finds support from accumulated volume at $24.56 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 $0.440 (1.75%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: $24.17 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (EPRT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Essential Properties Realty Trust Inc. to open at $25.37, and during the day (based on 14 day Average True Range), to move between $24.97 and $25.99, which gives a possible trading interval of +/-$0.505 (+/-1.98%) up or down from last closing price. If Essential Properties Realty Trust Inc. takes out the full calculated possible swing range there will be an estimated 3.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.50 (0.08%) than the support at $24.56 (3.61%), 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
Essential Properties Realty Trust Inc. will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.430. We will update the financials statements for Essential Properties Realty Trust Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.82% in the first trading day after earnings release.
Is Essential Properties Realty Trust Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Essential Properties Realty Trust Inc. stock to perform well in the short-term.
Current score: 1.706 Buy Candidate Unchanged
Predicted Opening Price for Essential Properties Realty Trust Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $25.37 ( 0.445%) | $25.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.81 | 1.28 % | |
| R2 | 25.64 | 0.622 % | ||
| R1 | 25.53 | 0.215 % | ||
| Current price: | 25.48 | |||
| Support | S1 | 25.20 | -1.10 % | |
| S2 | 25.09 | -1.51 % | ||
| S3 | 24.93 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.66 | 4.63 % | |
| R2 | 25.53 | 0.196 % | ||
| R1 | 25.50 | 0.0785 % | ||
| Current price | 25.48 | |||
| Support | S1 | 24.56 | -3.61% | |
| S2 | 24.37 | -4.36% | ||
| S3 | 23.89 | -6.24% |
EPRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.290 | 1.14% |
| 2 | Dec 04, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.285 | 1.11% |
| 3 | Sep 07, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.280 | 1.31% |
| 4 | Jun 12, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.280 | 1.14% |
| 5 | Mar 09, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.275 | 1.14% |
FAQ
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