Alpine Income Property Trust, Inc. Stock Forecast

Alpine Income Property Trust, Inc. stock price ended at $14.93 on Wednesday, after losing 0%.
(Updated on May 01, 2024)

PINE Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alpine Income Property Trust, Inc. stock 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 $15.04 and $15.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -3.49%. 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).

Support, Risk & Stop-loss for Alpine Income Property Trust, Inc. stock

Alpine Income Property Trust, Inc. finds support from accumulated volume at $14.87 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 $0.175 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.45%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PINE) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Alpine Income Property Trust, Inc. to open at $14.93, and during the day (based on 14 day Average True Range), to move between $14.59 and $15.27, which gives a possible trading interval of +/-$0.339 (+/-2.27%) up or down from last closing price. If Alpine Income Property Trust, Inc. takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.87 (0.40%) than the resistance at $15.24 (2.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alpine Income Property Trust, Inc. stock A Buy?

Alpine Income Property Trust, Inc. holds several negative signals and is within a 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 stock.

Current score: -4.370 Sell Candidate Unchanged

Predicted Opening Price for Alpine Income Property Trust, Inc. of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.