First Industrial Realty Trust Inc Stock Forecast
First Industrial Realty Trust Inc stock price ended at $47.48 on Tuesday, after gaining 0.743%.
(Updated on Jul 02, 2024)
The First Industrial Realty Trust Inc stock price gained 0.743% on the last trading day (Tuesday, 2nd Jul 2024), rising from $47.13 to $47.48. During the last trading day the stock fluctuated 1.35% from a day low at $47.40 to a day high of $48.04. The price has risen in 6 of the last 10 days and is up by 0.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 473 thousand more shares were traded than the day before. In total, 876 thousand shares were bought and sold for approximately $41.58 million.
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 -5.74% during the next 3 months and, with a 90% probability hold a price between $40.80 and $47.51 at the end of this 3-month period.
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FR Signals & Forecast
The First Industrial Realty Trust Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $47.39 and $47.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 4.54%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, June 11, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 11, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for First Industrial Realty Trust Inc stock
First Industrial Realty Trust Inc finds support from accumulated volume at $47.42 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 $0.640 between high and low, or 1.35%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: $45.66 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 92 days ago.)
Trading Expectations (FR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect First Industrial Realty Trust Inc to open at $47.64, and during the day (based on 14 day Average True Range), to move between $46.63 and $48.33, which gives a possible trading interval of +/-$0.85 (+/-1.79%) up or down from last closing price. If First Industrial Realty Trust Inc takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.52 (0.08%) than the support at $47.42 (0.13%), 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.
Is First Industrial Realty Trust Inc stock A Buy?
First Industrial 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: 0.106 Hold/Accumulate Unchanged
Predicted Opening Price for First Industrial Realty Trust Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$47.64 ( 0.337%) | $47.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 48.28 | 1.68% |
R2 | 48.04 | 1.17% |
R1 | 47.88 | 0.85% |
Price | 47.48 | |
S1 | 47.40 | -0.178% |
S2 | 47.24 | -0.496% |
S3 | 47.00 | -1.01% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.45 | 6.26% |
R2 | 48.60 | 2.36% |
R1 | 47.52 | 0.0842% |
Price | 47.48 | |
S1 | 47.42 | -0.126% |
S2 | 46.07 | -2.97% |
S3 | 45.63 | -3.90% |
FR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 30, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.370 | 0.779% |
2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.370 | 0.732% |
3 | Nov 01, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.320 | 0.601% |
4 | Aug 03, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.320 | 0.703% |
5 | May 03, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.320 | 0.587% |
FAQ
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