H&R Real Estate Investment Trust Stock Forecast

Evaluation of H&R Real Estate Investment Trust stock downgraded after the last trading session.
(Updated on Jun 25, 2024)

HRUFF Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.469%. 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 $6.44 and $6.71. 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.

Support, Risk & Stop-loss for H&R Real Estate Investment Trust stock

H&R Real Estate Investment Trust finds support from accumulated volume at $6.40 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%

H&R Real Estate Investment Trust is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HRUFF) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect H&R Real Estate Investment Trust to open at $6.43, and during the day (based on 14 day Average True Range), to move between $6.39 and $6.47, which gives a possible trading interval of +/-$0.0395 (+/-0.61%) 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 1.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.40 (0.47%) than the resistance at $6.62 (2.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is H&R Real Estate Investment Trust stock A Buy?

H&R Real Estate Investment Trust holds several negative signals and is within a wide and falling trend, so we believe 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: -1.375 Sell Candidate Downgraded

Predicted Opening Price for H&R Real Estate Investment Trust of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.