Empire State Realty Trust Inc Stock Forecast
Red day on Friday for Empire State Realty Trust Inc
(Updated on May 03, 2024)
The Empire State Realty Trust Inc stock price fell by -0.107% on the last day (Friday, 3rd May 2024) from $9.31 to $9.30. During the last trading day the stock fluctuated 3.79% from a day low at $9.23 to a day high of $9.58. The price has risen in 6 of the last 10 days and is up by 1.64% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -267 thousand shares and in total, 459 thousand shares were bought and sold for approximately $4.27 million.
The stock lies in the middle of a 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 -6.44% during the next 3 months and, with a 90% probability hold a price between $8.23 and $9.01 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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ESRT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.26%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Empire State Realty Trust Inc 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 $9.50. On a fall, the stock will find some support from the short-term average at $9.23. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Empire State Realty Trust Inc stock
Empire State Realty Trust Inc finds support from accumulated volume at $9.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.350 between high and low, or 3.79%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: $8.81 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (ESRT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Empire State Realty Trust Inc to open at $9.37, and during the day (based on 14 day Average True Range), to move between $9.02 and $9.58, which gives a possible trading interval of +/-$0.284 (+/-3.06%) up or down from last closing price. If Empire State Realty Trust Inc takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.26 (0.43%) than the resistance at $9.63 (3.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Empire State Realty Trust Inc stock A Buy?
Empire State Realty Trust Inc 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.
Current score: 0.001 Hold/Accumulate Unchanged
Predicted Opening Price for Empire State Realty Trust Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$9.37 ( 0.753%) | $9.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESRT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.72 | 4.52 % | |
R2 | 9.59 | 3.08 % | ||
R1 | 9.50 | 2.19 % | ||
Current price: | 9.30 | |||
Support | S1 | 9.24 | -0.685 % | |
S2 | 9.15 | -1.57 % | ||
S3 | 9.02 | -3.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.79 | 5.27 % | |
R2 | 9.72 | 4.52 % | ||
R1 | 9.63 | 3.55 % | ||
Current price | 9.30 | |||
Support | S1 | 9.26 | -0.430% | |
S2 | 9.12 | -1.94% | ||
S3 | 8.99 | -3.33% |
ESRT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0350 | 0.346% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0 | 0% |
3 | Aug 08, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.0400 | 0.498% |
4 | May 12, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.0350 | 0.467% |
5 | Mar 03, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.0350 | 0.539% |
FAQ
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