National Retail Properties Stock Forecast
Green day on Tuesday for National Retail Properties stock after gaining 0.308%
(Updated on Jul 02, 2024)
The National Retail Properties stock price gained 0.308% on the last trading day (Tuesday, 2nd Jul 2024), rising from $42.19 to $42.32. During the last trading day the stock fluctuated 0.759% from a day low at $42.14 to a day high of $42.46. The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume fell on the last day by -519 thousand shares and in total, 281 thousand shares were bought and sold for approximately $11.88 million. 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 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 3.68% during the next 3 months and, with a 90% probability hold a price between $42.19 and $45.22 at the end of this 3-month period.
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NNN Signals & Forecast
The National Retail Properties 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 $42.20 and $42.03. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Thursday, June 06, 2024, and so far it has fallen -0.98%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -7.18% to $39.28 within 17 trading days since signal was issued (Tuesday, July 02, 2024).
Support, Risk & Stop-loss for National Retail Properties stock
National Retail Properties finds support from accumulated volume at $42.22 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 $0.320 between high and low, or 0.759%. For the last week the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: $40.89 (-3.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (NNN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect National Retail Properties to open at $42.31, and during the day (based on 14 day Average True Range), to move between $41.71 and $42.93, which gives a possible trading interval of +/-$0.609 (+/-1.44%) up or down from last closing price. If National Retail Properties takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.22 (0.24%) than the resistance at $42.46 (0.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is National Retail Properties 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 National Retail Properties stock to perform well in the short-term.
Current score: 1.531 Buy Candidate Unchanged
Predicted Opening Price for National Retail Properties of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $42.31 ( 0.0315%) | $42.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NNN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.63 | 0.725% |
| R2 | 42.50 | 0.436% |
| R1 | 42.43 | 0.257% |
| Price | 42.32 | |
| S1 | 42.18 | -0.320% |
| S2 | 42.11 | -0.499% |
| S3 | 41.99 | -0.788% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.74 | 0.99% |
| R2 | 42.68 | 0.85% |
| R1 | 42.46 | 0.331% |
| Price | 42.32 | |
| S1 | 42.22 | -0.236% |
| S2 | 40.76 | -3.69% |
| S3 | 40.69 | -3.85% |
NNN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 29, 2024 | May 15, 2024 | $0.565 | 1.32% |
| 2 | Jan 16, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.565 | 1.39% |
| 3 | Jan 16, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.570 | 1.40% |
| 4 | Oct 16, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.565 | 1.45% |
| 5 | Jul 14, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.565 | 1.45% |
FAQ
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