ESR-REIT Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for ESR-REIT
(Updated on May 17, 2024)
No changes to the price of ESR-REIT stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 3.45% from a day low at S$0.290 to a day high of S$0.300. The price has been going up and down for this period, and there has been a 3.51% gain for the last 2 weeks.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at S$0.298 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.42% during the next 3 months and, with a 90% probability hold a price between S$0.257 and S$0.276 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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J91U.SI Signals & Forecast
The ESR-REIT stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at S$0.292 and S$0.293. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.51%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for ESR-REIT stock
ESR-REIT finds support from accumulated volume at S$0.290 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 S$0.0100 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: S$0.278 (-5.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (J91U.SI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ESR-REIT to open at S$0.295, and during the day (based on 14 day Average True Range), to move between S$0.286 and S$0.304, which gives a possible trading interval of +/-S$0.0088 (+/-2.99%) up or down from last closing price. If ESR-REIT takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$0.300 (1.69%) than the support at S$0.290 (1.69%), 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 ESR-REIT stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.128 Buy Candidate Unchanged
Predicted Opening Price for ESR-REIT of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| S$0.295 ( 0%) | S$0.295 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for J91U.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.305 | 3.39 % | |
| R2 | 0.301 | 2.09 % | ||
| R1 | 0.299 | 1.29 % | ||
| Current price: | 0.295 | |||
| Support | S1 | 0.291 | -1.29 % | |
| S2 | 0.289 | -2.09 % | ||
| S3 | 0.285 | -3.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.310 | 5.08 % | |
| R2 | 0.305 | 3.39 % | ||
| R1 | 0.300 | 1.69 % | ||
| Current price | 0.295 | |||
| Support | S1 | 0.290 | -1.69% | |
| S2 | 0.285 | -3.39% | ||
| S3 | 0 | . |
J91U Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Mar 27, 2024 | S$0.0119 | 3.95% |
| 2 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | S$0.0093 | 2.86% |
| 3 | Feb 23, 2023 | Feb 23, 2023 | Feb 23, 2023 | S$0.0045 | 1.36% |
| 4 | Feb 06, 2023 | Feb 06, 2023 | Feb 06, 2023 | S$0.0154 | 4.28% |
| 5 | Aug 03, 2022 | Aug 03, 2022 | Aug 03, 2022 | S$0.0055 | 1.34% |
FAQ
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