Franklin BSP Realty Trust, Inc. Stock Forecast
Red day on Wednesday for Franklin BSP Realty Trust, Inc. stock after losing 1.18%
(Updated on Apr 24, 2024)
The Franklin BSP Realty Trust, Inc. stock price fell by -1.18% on the last day (Wednesday, 24th Apr 2024) from $12.75 to $12.60. During the last trading day the stock fluctuated 2.15% from a day low at $12.55 to a day high of $12.82. The price has risen in 5 of the last 10 days and is up by 4.22% 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 -22 thousand shares and in total, 236 thousand shares were bought and sold for approximately $2.97 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Franklin BSP Realty Trust, Inc. stock with a 90% probability to be traded between $11.81 and $13.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FBRT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 4.22%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Franklin BSP 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 $12.85. On a fall, the stock will find some support from the short-term average at $12.45. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Franklin BSP Realty Trust, Inc. stock
Franklin BSP Realty Trust, Inc. finds support from accumulated volume at $12.36 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 $0.270 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FBRT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Franklin BSP Realty Trust, Inc. to open at $12.66, and during the day (based on 14 day Average True Range), to move between $12.29 and $12.91, which gives a possible trading interval of +/-$0.314 (+/-2.49%) up or down from last closing price. If Franklin BSP Realty Trust, Inc. takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.75 (1.19%) than the support at $12.36 (1.90%), 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
Franklin BSP Realty Trust, Inc. will release earnings AMC on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.420. We will update the financials statements for Franklin BSP Realty Trust, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.60% in the first trading day after earnings release.
Is Franklin BSP Realty Trust, Inc. stock A Buy?
Franklin BSP Realty Trust, Inc. 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 stock.
Current score: -1.947 Sell Candidate Unchanged
Predicted Opening Price for Franklin BSP Realty Trust, Inc. of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$12.66 ( 0.450%) | $12.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBRT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.93 | 2.59 % | |
R2 | 12.82 | 1.77 % | ||
R1 | 12.76 | 1.27 % | ||
Current price: | 12.60 | |||
Support | S1 | 12.55 | -0.369 % | |
S2 | 12.49 | -0.87 % | ||
S3 | 12.39 | -1.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.12 | 4.13 % | |
R2 | 12.92 | 2.54 % | ||
R1 | 12.75 | 1.19 % | ||
Current price | 12.60 | |||
Support | S1 | 12.36 | -1.90% | |
S2 | 12.21 | -3.10% | ||
S3 | 12.16 | -3.49% |
FBRT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 27, 2024 | Apr 10, 2024 | $0.355 | 2.94% |
2 | Dec 18, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.355 | 2.55% |
3 | Sep 18, 2023 | Sep 28, 2023 | Oct 10, 2023 | $0.355 | 2.72% |
4 | Jun 20, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.355 | 2.51% |
5 | Mar 20, 2023 | Mar 30, 2023 | Apr 10, 2023 | $0.355 | 2.87% |
FAQ
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