BSR Real Estate Investment Trust Stock Forecast
BSR Real Estate Investment Trust stock price ended at $15.46 on Friday, after gaining 1.05%.
(Updated on Jun 21, 2024)
The BSR Real Estate Investment Trust stock price gained 1.05% on the last trading day (Friday, 21st Jun 2024), rising from $15.30 to $15.46. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.63% from a day low at $15.17 to a day high of $15.72. The price has been going up and down for this period, and there has been a -0.26% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 378 more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $193.17 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.33 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.57% during the next 3 months and, with a 90% probability hold a price between $16.18 and $17.17 at the end of this 3-month period.
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HOM-UN.TO Signals & Forecast
There are mixed signals in the stock today. The BSR Real Estate Investment Trust 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 $15.55. On a fall, the stock will find some support from the short-term average at $15.33. 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 22, 2024, and so far it has fallen -3.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). BSR Real Estate Investment Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for BSR Real Estate Investment Trust stock
BSR Real Estate Investment Trust finds support from accumulated volume at $15.14 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 $0.550 between high and low, or 3.63%. For the last week the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HOM-UN.TO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect BSR Real Estate Investment Trust to open at $15.45, and during the day (based on 14 day Average True Range), to move between $15.16 and $15.76, which gives a possible trading interval of +/-$0.302 (+/-1.95%) up or down from last closing price. If BSR Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.50 (0.26%) than the support at $15.14 (2.07%), 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 BSR Real Estate Investment Trust stock A Buy?
BSR Real Estate Investment Trust 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: -2.790 Sell Candidate Unchanged
Predicted Opening Price for BSR Real Estate Investment Trust of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $15.45 ( 0.0647%) | $15.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOM-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.00 | 3.49% |
| R2 | 15.79 | 2.13% |
| R1 | 15.66 | 1.29% |
| Price | 15.46 | |
| S1 | 15.24 | -1.42% |
| S2 | 15.11 | -2.26% |
| S3 | 14.90 | -3.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.68 | 1.42% |
| R2 | 15.53 | 0.453% |
| R1 | 15.50 | 0.259% |
| Price | 15.46 | |
| S1 | 15.14 | -2.07% |
| S2 | 15.09 | -2.39% |
| S3 | 15.07 | -2.52% |
HOM-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2024 | Jun 30, 2024 | Jul 15, 2024 | $0.0594 | 0.384% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.0590 | 0.388% |
| 3 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0599 | 0.384% |
| 4 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0588 | 0.389% |
| 5 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0587 | 0.379% |
FAQ
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