Neuberger Berman Real Estate Sec Inc Fd Stock Forecast
Neuberger Berman Real Estate Sec Inc Fd stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Neuberger Berman Real Estate Sec Inc Fd stock price gained 1.89% on the last trading day (Friday, 3rd May 2024), rising from $3.17 to $3.23. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.56% from a day low at $3.20 to a day high of $3.25. The price has risen in 6 of the last 10 days and is up by 6.92% 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, 44 thousand more shares were traded than the day before. In total, 113 thousand shares were bought and sold for approximately $363.99 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.27 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.41% during the next 3 months and, with a 90% probability hold a price between $2.77 and $3.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NRO Signals & Forecast
Mostly positive signals in the chart today. The Neuberger Berman Real Estate Sec Inc Fd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.15 and $3.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 7.67%. 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). Neuberger Berman Real Estate Sec Inc Fd 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.
Support, Risk & Stop-loss for Neuberger Berman Real Estate Sec Inc Fd stock
Neuberger Berman Real Estate Sec Inc Fd finds support from accumulated volume at $3.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0500 between high and low, or 1.56%. For the last week, the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: $3.09 (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (NRO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Neuberger Berman Real Estate Sec Inc Fd to open at $3.23, and during the day (based on 14 day Average True Range), to move between $3.17 and $3.29, which gives a possible trading interval of +/-$0.0592 (+/-1.83%) up or down from last closing price. If Neuberger Berman Real Estate Sec Inc Fd takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.22 (0.31%) than the resistance at $3.28 (1.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Neuberger Berman Real Estate Sec Inc Fd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.189 Buy Candidate Upgraded
Predicted Opening Price for Neuberger Berman Real Estate Sec Inc Fd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3.23 ( 0.103%) | $3.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.28 | 1.44 % | |
| R2 | 3.26 | 0.85 % | ||
| R1 | 3.25 | 0.488 % | ||
| Current price: | 3.23 | |||
| Support | S1 | 3.21 | -0.695 % | |
| S2 | 3.20 | -1.06 % | ||
| S3 | 3.18 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.32 | 2.79 % | |
| R2 | 3.29 | 1.86 % | ||
| R1 | 3.28 | 1.55 % | ||
| Current price | 3.23 | |||
| Support | S1 | 3.22 | -0.310% | |
| S2 | 3.12 | -3.41% | ||
| S3 | 3.07 | -4.95% |
NRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.0312 | 0.97% |
| 2 | Mar 28, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0312 | 1.00% |
| 3 | Feb 29, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0312 | 0.93% |
| 4 | Feb 14, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0312 | 0.95% |
| 5 | Dec 29, 2023 | Jan 12, 2024 | Jan 31, 2024 | $0.0312 | 0.93% |
FAQ
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