Medalist Diversified REIT Inc. Stock Forecast
Stronger technical forecast for Medalist Diversified REIT Inc. stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Medalist Diversified REIT Inc. stock price gained 3.99% on the last trading day (Tuesday, 2nd Jul 2024), rising from $5.76 to $5.99. During the last trading day the stock fluctuated 5.26% from a day low at $5.70 to a day high of $6.00. The price has risen in 5 of the last 10 days and is up by 1.19% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $117.97 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.41% during the next 3 months and, with a 90% probability hold a price between $6.03 and $6.43 at the end of this 3-month period.
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MDRR Signals & Forecast
The Medalist Diversified REIT Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.81 and $5.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 9.91%. Further rise is indicated until a new top pivot has been found. Medalist Diversified REIT Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Medalist Diversified REIT Inc. stock
Medalist Diversified REIT Inc. finds support from accumulated volume at $5.88 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 $0.300 between high and low, or 5.26%. For the last week the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: $5.77 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 74 days ago.)
Trading Expectations (MDRR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Medalist Diversified REIT Inc. to open at $5.90, and during the day (based on 14 day Average True Range), to move between $5.86 and $6.12, which gives a possible trading interval of +/-$0.126 (+/-2.10%) up or down from last closing price. If Medalist Diversified REIT Inc. takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.88, some $0.110 (1.84%) from the current price of $5.99, our system finds the risk reward attractive.
Is Medalist Diversified REIT Inc. 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 Medalist Diversified REIT Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.622 Buy Candidate Upgraded
Predicted Opening Price for Medalist Diversified REIT Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $5.90 ( 1.56%) | $5.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDRR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.20 | 3.45% |
| R2 | 6.08 | 1.54% |
| R1 | 6.01 | 0.355% |
| Price | 5.99 | |
| S1 | 5.78 | -3.47% |
| S2 | 5.71 | -4.65% |
| S3 | 5.60 | -6.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 5.99 | |
| S1 | 5.88 | -1.84% |
| S2 | 5.76 | -3.84% |
| S3 | 5.53 | -7.76% |
MDRR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 08, 2024 | Apr 19, 2024 | Apr 25, 2024 | $0.0200 | 0.358% |
| 2 | Jan 23, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.0100 | 0.179% |
| 3 | Jan 24, 2024 | Jan 31, 2024 | Feb 02, 2024 | $0.0100 | 0.192% |
| 4 | Apr 12, 2023 | Apr 24, 2023 | Apr 28, 2023 | $0.0800 | 1.39% |
| 5 | Jan 11, 2023 | Jan 23, 2023 | Jan 27, 2023 | $0.0800 | 1.01% |
FAQ
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