Industrial Logistics Properties Trust Stock Forecast
Industrial Logistics Properties Trust stock price up 1.10% on Friday
(Updated on Apr 19, 2024)
The Industrial Logistics Properties Trust stock price gained 1.10% on the last trading day (Friday, 19th Apr 2024), rising from $3.62 to $3.66. During the last trading day the stock fluctuated 3.21% from a day low at $3.61 to a day high of $3.73. The price has fallen in 6 of the last 10 days and is down by -3.68% for this period. Volume fell on the last day by -107 thousand shares and in total, 327 thousand shares were bought and sold for approximately $1.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.54 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.39% during the next 3 months and, with a 90% probability hold a price between $3.42 and $4.14 at the end of this 3-month period.
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ILPT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.10%. 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 Industrial Logistics Properties 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 $3.80 and $3.93. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Industrial Logistics Properties Trust stock
Industrial Logistics Properties Trust finds support from accumulated volume at $3.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.116 between high and low, or 3.21%. For the last week the stock has had daily average volatility of 4.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ILPT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Industrial Logistics Properties Trust to open at $3.66, and during the day (based on 14 day Average True Range), to move between $3.46 and $3.86, which gives a possible trading interval of +/-$0.196 (+/-5.37%) up or down from last closing price. If Industrial Logistics Properties Trust takes out the full calculated possible swing range there will be an estimated 10.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.63 (0.82%) than the resistance at $3.87 (5.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Industrial Logistics Properties Trust stock A Buy?
Industrial Logistics Properties 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.
Current score: -3.170 Sell Candidate Unchanged
Predicted Opening Price for Industrial Logistics Properties Trust of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$3.66 ( 0.128%) | $3.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILPT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.78 | 3.30 % | |
R2 | 3.74 | 2.09 % | ||
R1 | 3.71 | 1.34 % | ||
Current price: | 3.66 | |||
Support | S1 | 3.62 | -1.08 % | |
S2 | 3.59 | -1.83 % | ||
S3 | 3.55 | -3.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.04 | 10.38 % | |
R2 | 3.88 | 6.01 % | ||
R1 | 3.87 | 5.74 % | ||
Current price | 3.66 | |||
Support | S1 | 3.63 | -0.82% | |
S2 | 3.62 | -1.09% | ||
S3 | 0 | . |
ILPT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 19, 2024 | May 16, 2024 | $0.0100 | 0.273% |
2 | Jan 11, 2024 | Jan 19, 2024 | Feb 15, 2024 | $0.0100 | 0.243% |
3 | Oct 12, 2023 | Oct 20, 2023 | Nov 16, 2023 | $0.0100 | 0.358% |
4 | Jul 13, 2023 | Jul 21, 2023 | Aug 17, 2023 | $0.0100 | 0.260% |
5 | Apr 13, 2023 | Apr 21, 2023 | May 18, 2023 | $0.0100 | 0.568% |
FAQ
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