PPTY – U.S. Diversified Real Estate ETF Forecast

Green day on Friday for PPTY – U.S. Diversified Real Estate
(Updated on Jun 28, 2024)

PPTY Signals & Forecast

The PPTY – U.S. Diversified Real Estate ETF 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 $29.95 and $29.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 5.98%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, June 03, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for PPTY – U.S. Diversified Real Estate ETF

PPTY – U.S. Diversified Real Estate finds support from accumulated volume at $29.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.240 between high and low, or 0.797%. For the last week the ETF has had daily average volatility of 0.764%

Our recommended stop-loss: $29.15 (-3.90%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (PPTY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect PPTY – U.S. Diversified Real Estate ETF to open at $30.26, and during the day (based on 14 day Average True Range), to move between $30.05 and $30.61, which gives a possible trading interval of +/-$0.284 (+/-0.94%) up or down from last closing price. If PPTY – U.S. Diversified Real Estate ETF takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $29.78, some $0.550 (1.81%) from the current price of $30.33, our system finds the risk reward attractive.

Is PPTY – U.S. Diversified Real Estate ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PPTY – U.S. Diversified Real Estate ETF to perform well in the short-term.

Current score: 3.402 Buy Candidate Unchanged

Predicted Opening Price for PPTY – U.S. Diversified Real Estate ETF of Monday, July 1, 2024

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