Empire State Realty OP, L.P. Series 250 Stock Forecast
Empire State Realty OP, L.P. Series 250 stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
No changes to the price of Empire State Realty OP, L.P. Series 250 stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $8.49 to a day high of $8.49. The price has fallen in 4 of the last 10 days and is down by -8.12% for this period.
The stock lies in the middle of a wide and 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 -7.93% during the next 3 months and, with a 90% probability hold a price between $7.24 and $8.37 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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FISK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. 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 Empire State Realty OP, L.P. Series 250 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 $8.79 and $9.18. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, May 14, 2024 with a target of $8.71. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Empire State Realty OP, L.P. Series 250 stock
Empire State Realty OP, L.P. Series 250 finds support from accumulated volume at $8.11 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.455%
Our recommended stop-loss: $7.95 (-6.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (FISK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Empire State Realty OP, L.P. Series 250 Operating Partnership Units Representing Limited Partnership Interests to open at $8.49, and during the day (based on 14 day Average True Range), to move between $8.22 and $8.76, which gives a possible trading interval of +/-$0.270 (+/-3.18%) up or down from last closing price. If Empire State Realty OP, L.P. Series 250 Operating Partnership Units Representing Limited Partnership Interests takes out the full calculated possible swing range there will be an estimated 6.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.11 (4.48%) than the resistance at $9.00 (6.01%), 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 OP, L.P. Series 250 Operating Partnership Units Representing Limited Partnership Interests stock A Buy?
Empire State Realty OP, L.P. Series 250 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Empire State Realty OP, L.P. Series 250 Operating Partnership Units Representing Limited Partnership Interests of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $8.49 ( 0%) | $8.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FISK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.49 | - |
| R2 | 8.49 | - |
| R1 | 8.49 | - |
| Price | 8.49 | |
| S1 | 8.49 | - |
| S2 | 8.49 | - |
| S3 | 8.49 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.50 | 11.90% |
| R2 | 9.15 | 7.77% |
| R1 | 9.00 | 6.01% |
| Price | 8.49 | |
| S1 | 8.11 | -4.48% |
| S2 | 0 | - |
| S3 | 0 | - |
FISK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.0350 | 0.412% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0350 | 0.359% |
| 3 | Dec 08, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.0350 | 0.358% |
| 4 | Aug 08, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.0350 | 0.438% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | $0.0350 | 0.496% |
FAQ
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