Monmouth Real Estate Investment Corp Stock Forecast
Monmouth Real Estate Investment Corp stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Monmouth Real Estate Investment Corp stock price gained 1.12% on the last trading day (Friday, 28th Jun 2024), rising from $18.81 to $19.02. During the last trading day the stock fluctuated 1.16% from a day low at $18.91 to a day high of $19.13. The price has been going up and down for this period, and there has been a -1.45% loss for the last 2 weeks. Volume fell on the last day by -65 thousand shares and in total, 40 thousand shares were bought and sold for approximately $767.53 thousand. 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 middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.37% during the next 3 months and, with a 90% probability hold a price between $17.48 and $19.11 at the end of this 3-month period.
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MNR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.04%. 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. The Monmouth Real Estate Investment Corp 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 $19.19 and $19.55. A break-up above any of these levels will issue buy signals. 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 Monmouth Real Estate Investment Corp stock
Monmouth Real Estate Investment Corp finds support from accumulated volume at $18.87 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 $0.220 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 2.42%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MNR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Monmouth Real Estate Investment Corporation Class A to open at $19.02, and during the day (based on 14 day Average True Range), to move between $18.56 and $19.48, which gives a possible trading interval of +/-$0.462 (+/-2.43%) up or down from last closing price. If Monmouth Real Estate Investment Corporation Class A takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.87 (0.79%) than the resistance at $19.21 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Monmouth Real Estate Investment Corporation Class A stock A Buy?
Monmouth Real Estate Investment Corp holds several negative signals and is within a 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: -1.773 Sell Candidate Downgraded
Predicted Opening Price for Monmouth Real Estate Investment Corporation Class A of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $19.02 ( 0%) | $19.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MNR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.24 | 1.16% |
| R2 | 19.16 | 0.715% |
| R1 | 19.10 | 0.442% |
| Price | 19.02 | |
| S1 | 18.94 | -0.442% |
| S2 | 18.88 | -0.715% |
| S3 | 18.80 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.16 | 5.99% |
| R2 | 19.30 | 1.47% |
| R1 | 19.21 | 1.00% |
| Price | 19.02 | |
| S1 | 18.87 | -0.789% |
| S2 | 18.81 | -1.10% |
| S3 | 18.64 | -2.00% |
MNR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 10, 2024 | $0.750 | 3.83% |
| 2 | Feb 15, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.95 | 4.94% |
| 3 | Oct 01, 2021 | Nov 12, 2021 | Dec 15, 2021 | $0.180 | 0% |
| 4 | Jul 02, 2021 | Aug 13, 2021 | Sep 15, 2021 | $0.180 | 0% |
| 5 | Apr 01, 2021 | May 14, 2021 | Jun 15, 2021 | $0.180 | 0% |
FAQ
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