H&R Real Estate Investment Trust Stock Forecast
Red day on Monday for H&R Real Estate Investment Trust stock after losing 0%
(Updated on Jun 17, 2024)
No changes to the price of H&R Real Estate Investment Trust stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $9.00 to a day high of $9.00. The price has been going up and down for this period, and there has been a -2.17% loss for the last 2 weeks.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $9.00 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect H&R Real Estate Investment Trust stock with a 90% probability to be traded between $9.14 and $9.93 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HR-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.111%. 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 H&R Real Estate Investment Trust 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 $9.05 and $9.22. 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 buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 14.34% to $10.29 within 39 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for H&R Real Estate Investment Trust stock
H&R Real Estate Investment Trust finds support from accumulated volume at $8.99 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 1.54%
Our recommended stop-loss: $8.44 (-6.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (HR-UN.TO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect H&R Real Estate Investment Trust to open at $9.00, and during the day (based on 14 day Average True Range), to move between $8.84 and $9.16, which gives a possible trading interval of +/-$0.158 (+/-1.75%) up or down from last closing price. If H&R Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.01 (0.11%) than the support at $8.99 (0.11%), 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 H&R Real Estate Investment Trust stock A Buy?
H&R Real Estate Investment Trust 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.
Current score: -0.673 Hold/Accumulate Unchanged
Predicted Opening Price for H&R Real Estate Investment Trust of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $9.00 ( 0%) | $9.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HR-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.00 | - |
| R2 | 9.00 | - |
| R1 | 9.00 | - |
| Price | 9.00 | |
| S1 | 9.00 | - |
| S2 | 9.00 | - |
| S3 | 9.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.15 | 1.67% |
| R2 | 9.03 | 0.333% |
| R1 | 9.01 | 0.111% |
| Price | 9.00 | |
| S1 | 8.99 | -0.111% |
| S2 | 8.92 | -0.89% |
| S3 | 0 | - |
HR-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0500 | 0.559% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 14, 2024 | $0.0500 | 0.556% |
| 3 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0500 | 0.524% |
| 4 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0500 | 0.553% |
| 5 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0.0500 | 0.559% |
FAQ
Click here for our free guide on how to buy H&R Real Estate Investment Trust Stock.
