Nexpoint Diversified Real Estate Trust Trust Forecast
Nexpoint Diversified Real Estate Trust trust price fell more than -6.52% Monday closing at $14.20
(Updated on Jun 24, 2024)
The Nexpoint Diversified Real Estate Trust trust price fell by -6.52% on the last day (Monday, 24th Jun 2024) from $15.19 to $14.20. During the last trading day the trust fluctuated 4.81% from a day low at $14.13 to a day high of $14.81. The price has risen in 6 of the last 10 days but is still down by -5.33% for this period. Volume has increased on the last day by 23 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 28 thousand shares were bought and sold for approximately $398.25 thousand.
The trust has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $14.78 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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NXDT-PA Signals & Forecast
There are few to no technical positive signals at the moment. The Nexpoint Diversified Real Estate Trust trust 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 $14.97 and $15.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -6.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Nexpoint Diversified Real Estate Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Friday, June 21, 2024 with a target of $14.85. Despite whether the objective of the signal formation has been reached the trust may continue to fall.
Support, Risk & Stop-loss for Nexpoint Diversified Real Estate Trust trust
There is no support from accumulated volume below today's level and given the right condition the trust may perform very badly in the next couple of days.
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 $0.679 between high and low, or 4.81%. For the last week the trust has had daily average volatility of 1.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NXDT-PA) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Nexpoint Diversified Real Estate Trust to open at $14.38, and during the day (based on 14 day Average True Range), to move between $13.96 and $14.44, which gives a possible trading interval of +/-$0.240 (+/-1.69%) 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 3.38% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $14.95, some $0.750 (5.28%) from the current price of $14.20, our system finds the risk reward not very attractive.
Is Nexpoint Diversified Real Estate Trust trust A Buy?
Nexpoint Diversified Real Estate Trust holds several negative signals and is within a narrow and 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 trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.463 Strong Sell Candidate Downgraded
Predicted Opening Price for Nexpoint Diversified Real Estate Trust of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $14.38 ( 1.25%) | $14.20 |
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 | 15.06 | 6.03% |
| R2 | 14.80 | 4.20% |
| R1 | 14.64 | 3.07% |
| Price | 14.20 | |
| S1 | 14.12 | -0.579% |
| S2 | 13.96 | -1.71% |
| S3 | 13.70 | -3.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.15 | 6.69% |
| R2 | 15.00 | 5.63% |
| R1 | 14.95 | 5.28% |
| Price | 14.20 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
NXDT-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2024 | Jun 24, 2024 | Jul 01, 2024 | $0.344 | 2.42% |
| 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
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