Nexpoint Diversified Real Estate Trust Trust Forecast
Green day on Thursday for Nexpoint Diversified Real Estate Trust trust after gaining 0.709%
(Updated on Jun 20, 2024)
The Nexpoint Diversified Real Estate Trust trust price gained 0.709% on the last trading day (Thursday, 20th Jun 2024), rising from $15.08 to $15.19. 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 trust fluctuated 1.31% from a day low at $15.00 to a day high of $15.20. The price has been going up and down for this period, and there has been a 0.44% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 237 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $33.44 thousand.
The trustis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $15.19 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Nexpoint Diversified Real Estate Trust trust with a 90% probability to be traded between $14.92 and $15.24 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NXDT-PA Signals & Forecast
The Nexpoint Diversified Real Estate Trust trust 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 $15.11 and $15.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 2.27%. 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). Nexpoint Diversified Real Estate Trust 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.
Support, Risk & Stop-loss for Nexpoint Diversified Real Estate Trust trust
Nexpoint Diversified Real Estate Trust finds support from accumulated volume at $15.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.197 between high and low, or 1.31%. For the last week the trust has had daily average volatility of 0.736%.
Our recommended stop-loss: $14.36 (-5.43%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (NXDT-PA) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Nexpoint Diversified Real Estate Trust to open at $15.13, and during the day (based on 14 day Average True Range), to move between $15.02 and $15.36, which gives a possible trading interval of +/-$0.172 (+/-1.13%) up or down from last closing price. If Nexpoint Diversified Real Estate Trust takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.15, some $0.0369 (0.24%) from the current price of $15.19, our system finds the risk reward attractive.
Is Nexpoint Diversified Real Estate Trust trust A Buy?
Nexpoint Diversified Real Estate Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Nexpoint Diversified Real Estate Trust of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $15.13 ( 0.389%) | $15.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NXDT-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.32 | 0.91% |
| R2 | 15.25 | 0.411% |
| R1 | 15.20 | 0.106% |
| Price | 15.19 | |
| S1 | 15.05 | -0.88% |
| S2 | 15.01 | -1.19% |
| S3 | 14.93 | -1.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 15.19 | |
| S1 | 15.15 | -0.243% |
| S2 | 15.00 | -1.23% |
| S3 | 14.95 | -1.56% |
NXDT-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2024 | Jun 24, 2024 | Jul 01, 2024 | $0.344 | 2.26% |
| 2 | Mar 22, 2024 | Mar 22, 2024 | Apr 01, 2024 | $0.344 | 2.18% |
| 3 | Dec 21, 2023 | Dec 21, 2023 | Jan 02, 2024 | $0.344 | 2.26% |
| 4 | Sep 22, 2023 | Sep 22, 2023 | Oct 02, 2023 | $0.344 | 2.41% |
| 5 | Jun 22, 2023 | Jun 22, 2023 | Jun 30, 2023 | $0.344 | 2.15% |
FAQ
Click here for our free guide on how to buy Nexpoint Diversified Real Estate Trust Trust.
