Lendlease Global Commercial Reit Stock Forecast

Lendlease Global Commercial Reit stock price ended at S$0.560 on Friday, after losing 0%.
(Updated on Jun 28, 2024)

JYEU.SI Signals & Forecast

The Lendlease Global Commercial Reit stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately S$0.563. On a fall, the stock will find some support from the long-term average at approximately S$0.557. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -1.75%. Further fall is indicated until a new bottom pivot has been found. 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".

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, June 21, 2024 and based on theory for this formation the price should fall by -5.36% to S$0.530 within 10 trading days since signal was issued (Monday, July 08, 2024).

Support, Risk & Stop-loss for Lendlease Global Commercial Reit stock

Lendlease Global Commercial Reit finds support from accumulated volume at S$0.555 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 S$0.0100 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.98%

Our recommended stop-loss: S$0.535 (-4.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (JYEU.SI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lendlease Global Commercial Reit to open at S$0.560, and during the day (based on 14 day Average True Range), to move between S$0.549 and S$0.571, which gives a possible trading interval of +/-S$0.0113 (+/-2.01%) up or down from last closing price. If Lendlease Global Commercial Reit takes out the full calculated possible swing range there will be an estimated 4.03% 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$0.565 (0.89%) than the support at S$0.555 (0.89%), 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 Lendlease Global Commercial Reit stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lendlease Global Commercial Reit stock to perform well in the short-term.

Current score: 2.201 Buy Candidate Unchanged

Predicted Opening Price for Lendlease Global Commercial Reit of Monday, July 1, 2024

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