Franklin BSP Realty Trust, Inc. Stock Forecast
Evaluation of Franklin BSP Realty Trust, Inc. stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Franklin BSP Realty Trust, Inc. stock price fell by -0.545% on the last day (Friday, 3rd May 2024) from $12.84 to $12.77. During the last trading day the stock fluctuated 2.91% from a day low at $12.71 to a day high of $13.08. The price has fallen in 7 of the last 10 days but is still up by 1.59% over the past 2 weeks. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 365 thousand shares were bought and sold for approximately $4.66 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 $12.07 and $13.60 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
There are mixed signals in the stock today. 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 $12.81. On a fall, the stock will find some support from the short-term average at $12.72. 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. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -1.39%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Franklin BSP Realty Trust, Inc. stock
Franklin BSP Realty Trust, Inc. finds support from accumulated volume at $12.75 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 $0.370 (2.91%) between high and low. For the last week, the stock has had daily average volatility of 2.96%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect Franklin BSP Realty Trust, Inc. to open at $12.85, and during the day (based on 14 day Average True Range), to move between $12.44 and $13.10, which gives a possible trading interval of +/-$0.332 (+/-2.60%) 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 5.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.75 (0.16%) than the resistance at $12.92 (1.17%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.224 Sell Candidate Downgraded
Predicted Opening Price for Franklin BSP Realty Trust, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $12.85 ( 0.653%) | $12.77 |
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 | 13.22 | 3.55 % | |
| R2 | 13.08 | 2.44 % | ||
| R1 | 12.99 | 1.76 % | ||
| Current price: | 12.77 | |||
| Support | S1 | 12.71 | -0.454 % | |
| S2 | 12.62 | -1.14 % | ||
| S3 | 12.48 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.12 | 2.74 % | |
| R2 | 12.95 | 1.41 % | ||
| R1 | 12.92 | 1.17 % | ||
| Current price | 12.77 | |||
| Support | S1 | 12.75 | -0.157% | |
| S2 | 12.36 | -3.21% | ||
| S3 | 12.16 | -4.78% |
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% |
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