Canadian Net Real Estate Investment Stock Forecast
Green day on Tuesday for Canadian Net Real Estate Investment
(Updated on Jun 25, 2024)
The Canadian Net Real Estate Investment stock price gained 0.620% on the last trading day (Tuesday, 25th Jun 2024), rising from $4.84 to $4.87. During the last trading day the stock fluctuated 1.04% from a day low at $4.82 to a day high of $4.87. The price has fallen in 5 of the last 10 days and is down by -0.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 667 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $16.96 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Canadian Net Real Estate Investment stock with a 90% probability to be traded between $4.71 and $4.97 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NET-UN.V Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.83%. Further rise is indicated until a new top pivot has been found. Canadian Net Real Estate Investment 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Canadian Net Real Estate Investment stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.92. On a fall, the stock will find some support from the short-term average at $4.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should go up by 5.91% to $5.16 within 43 trading days since signal was issued (Tuesday, August 20, 2024).
Support, Risk & Stop-loss for Canadian Net Real Estate Investment stock
Canadian Net Real Estate Investment finds support from accumulated volume at $4.85 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 $0.0500 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NET-UN.V) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Canadian Net Real Estate Investment Trust to open at $4.85, and during the day (based on 14 day Average True Range), to move between $4.81 and $4.93, which gives a possible trading interval of +/-$0.0574 (+/-1.18%) up or down from last closing price. If Canadian Net Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.85 (0.41%) than the resistance at $4.92 (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Canadian Net Real Estate Investment Trust stock A Buy?
Canadian Net Real Estate Investment holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.458 Sell Candidate Unchanged
Predicted Opening Price for Canadian Net Real Estate Investment Trust of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $4.85 ( 0.342%) | $4.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NET-UN.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.90 | 0.684% |
| R2 | 4.88 | 0.292% |
| R1 | 4.87 | 0.0500% |
| Price | 4.87 | |
| S1 | 4.83 | -0.734% |
| S2 | 4.82 | -0.98% |
| S3 | 4.80 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.98 | 2.26% |
| R2 | 4.95 | 1.64% |
| R1 | 4.92 | 1.03% |
| Price | 4.87 | |
| S1 | 4.85 | -0.411% |
| S2 | 4.84 | -0.616% |
| S3 | 4.83 | -0.82% |
NET-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 13, 2024 | Sep 13, 2024 | Sep 30, 2024 | $0.0288 | 0.590% |
| 2 | Aug 15, 2024 | Aug 15, 2024 | Aug 30, 2024 | $0.0288 | 0.590% |
| 3 | Jul 15, 2024 | Jul 15, 2024 | Jul 31, 2024 | $0.0288 | 0.590% |
| 4 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.0288 | 0.590% |
| 5 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.0288 | 0.587% |
FAQ
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