Essential Properties Realty Trust Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Essential Properties Realty Trust Inc. stock price after Thursday trading.
(Updated on May 02, 2024)
The Essential Properties Realty Trust Inc. stock price gained 1.78% on the last trading day (Thursday, 2nd May 2024), rising from $26.35 to $26.82. 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 2.16% from a day low at $26.41 to a day high of $26.98. The price has risen in 8 of the last 10 days and is up by 6.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 287 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $34.17 million.
The stock lies in the middle of a 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 7.85% during the next 3 months and, with a 90% probability hold a price between $27.13 and $29.60 at the end of this 3-month period.
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EPRT Signals & Forecast
Mostly positive signals in the chart today. 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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $26.22 and $25.76. 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 8.32%. 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 is rising along with the price. This is considered to be a good technical signal. 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.
Support, Risk & Stop-loss for Essential Properties Realty Trust Inc. stock
Essential Properties Realty Trust Inc. finds support from accumulated volume at $25.53 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 $0.570 (2.16%) between high and low. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: $25.66 (-4.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (EPRT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Essential Properties Realty Trust Inc. to open at $26.74, and during the day (based on 14 day Average True Range), to move between $26.29 and $27.35, which gives a possible trading interval of +/-$0.527 (+/-1.96%) 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 3.93% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $25.53, some $1.29 (4.81%) from the current price of $26.82, our system finds the risk reward attractive.
Is Essential Properties Realty Trust Inc. stock A Buy?
Essential Properties Realty Trust Inc. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.082 Strong Buy Candidate Upgraded
Predicted Opening Price for Essential Properties Realty Trust Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $26.74 ( 0.311%) | $26.82 |
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 | 27.31 | 1.81 % | |
| R2 | 27.09 | 1.00 % | ||
| R1 | 26.95 | 0.501 % | ||
| Current price: | 26.82 | |||
| Support | S1 | 26.52 | -1.12 % | |
| S2 | 26.38 | -1.62 % | ||
| S3 | 26.17 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 26.82 | |||
| Support | S1 | 25.53 | -4.81% | |
| S2 | 25.50 | -4.92% | ||
| S3 | 23.89 | -10.92% |
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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