Franklin BSP Realty Trust, Inc. Stock Forecast
Franklin BSP Realty Trust, Inc. stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The Franklin BSP Realty Trust, Inc. stock price gained 1.04% on the last trading day (Tuesday, 2nd Jul 2024), rising from $12.45 to $12.58. During the last trading day the stock fluctuated 1.52% from a day low at $12.47 to a day high of $12.66. The price has fallen in 7 of the last 10 days and is down by -3.68% for this period. Volume fell on the last day by -48 thousand shares and in total, 245 thousand shares were bought and sold for approximately $3.08 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a 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 $12.41 and $13.50 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
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.70 and $12.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -3.68%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Franklin BSP Realty Trust, Inc. stock
Franklin BSP Realty Trust, Inc. finds support from accumulated volume at $12.49 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.190 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: $12.12 (-3.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (FBRT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Franklin BSP Realty Trust, Inc. to open at $12.57, and during the day (based on 14 day Average True Range), to move between $12.34 and $12.82, which gives a possible trading interval of +/-$0.244 (+/-1.94%) 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 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.49 (0.72%) than the resistance at $12.77 (1.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Franklin BSP Realty Trust, Inc. stock A Buy?
Franklin BSP Realty Trust, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.785 Hold/Accumulate Upgraded
Predicted Opening Price for Franklin BSP Realty Trust, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $12.57 ( 0.0795%) | $12.58 |
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 | |
|---|---|---|
| R3 | 12.76 | 1.43% |
| R2 | 12.69 | 0.85% |
| R1 | 12.64 | 0.497% |
| Price | 12.58 | |
| S1 | 12.50 | -0.656% |
| S2 | 12.45 | -1.01% |
| S3 | 12.38 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.00 | 3.34% |
| R2 | 12.92 | 2.70% |
| R1 | 12.77 | 1.51% |
| Price | 12.58 | |
| S1 | 12.49 | -0.715% |
| S2 | 12.36 | -1.75% |
| S3 | 12.21 | -2.94% |
FBRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 10, 2024 | $0.355 | 2.82% |
| 2 | Mar 18, 2024 | Mar 27, 2024 | Apr 10, 2024 | $0.355 | 2.94% |
| 3 | Dec 18, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.355 | 2.55% |
| 4 | Sep 18, 2023 | Sep 28, 2023 | Oct 10, 2023 | $0.355 | 2.72% |
| 5 | Jun 20, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.355 | 2.51% |
FAQ
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