Peakstone Realty Trust Stock Forecast
Weaker technical forecast for Peakstone Realty Trust as stock downgraded to Strong Sell Candidate.
(Updated on May 03, 2024)
The Peakstone Realty Trust stock price fell by -0.86% on the last day (Friday, 3rd May 2024) from $13.99 to $13.87. During the last trading day the stock fluctuated 7.43% from a day low at $13.66 to a day high of $14.68. The price has been going up and down for this period, and there has been a 7.69% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -47 thousand shares and in total, 107 thousand shares were bought and sold for approximately $1.49 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.03% during the next 3 months and, with a 90% probability hold a price between $11.67 and $15.65 at the end of this 3-month period.
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PKST Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Peakstone Realty Trust 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 $14.04 and $14.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -5.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Peakstone Realty Trust stock
Peakstone Realty Trust finds support from accumulated volume at $13.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $1.02 between high and low, or 7.43%. For the last week the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PKST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Peakstone Realty Trust to open at $14.07, and during the day (based on 14 day Average True Range), to move between $13.06 and $14.68, which gives a possible trading interval of +/-$0.81 (+/-5.85%) up or down from last closing price. If Peakstone Realty Trust takes out the full calculated possible swing range there will be an estimated 11.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.86 (0.07%) than the resistance at $14.20 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Peakstone Realty Trust will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.790. We will update the financials statements for Peakstone Realty Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.74% in the first trading day after earnings release.
Is Peakstone Realty Trust stock A Buy?
Peakstone Realty Trust holds several negative signals and is within a very wide 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.589 Strong Sell Candidate Downgraded
Predicted Opening Price for Peakstone Realty Trust of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $14.07 ( 1.43%) | $13.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.08 | 8.75 % | |
| R2 | 14.70 | 5.95 % | ||
| R1 | 14.46 | 4.23 % | ||
| Current price: | 13.87 | |||
| Support | S1 | 13.68 | -1.37 % | |
| S2 | 13.44 | -3.09 % | ||
| S3 | 13.05 | -5.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.42 | 3.97 % | |
| R2 | 14.32 | 3.24 % | ||
| R1 | 14.20 | 2.38 % | ||
| Current price | 13.87 | |||
| Support | S1 | 13.86 | -0.0721% | |
| S2 | 13.77 | -0.721% | ||
| S3 | 12.33 | -11.10% |
PKST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 18, 2024 | $0.225 | 1.82% |
| 2 | Nov 09, 2023 | Dec 28, 2023 | Jan 17, 2024 | $0.225 | 1.41% |
| 3 | Sep 18, 2023 | Sep 28, 2023 | Oct 17, 2023 | $0.225 | 1.46% |
| 4 | Jun 20, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.225 | 1.02% |
| 5 | Mar 23, 2023 | May 01, 2023 | May 12, 2023 | $0.0750 | 0.376% |
FAQ
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