RioCan Real Estate Investment Trust Stock Forecast
Green day on Friday for RioCan Real Estate Investment Trust
(Updated on May 03, 2024)
The RioCan Real Estate Investment Trust stock price gained 1.19% on the last trading day (Friday, 3rd May 2024), rising from $17.63 to $17.84. 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 stock fluctuated 1.63% from a day low at $17.76 to a day high of $18.05. The price has fallen in 5 of the last 10 days but is still up by 1.08% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 437 thousand shares were bought and sold for approximately $7.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -3.30% during the next 3 months and, with a 90% probability hold a price between $16.76 and $18.10 at the end of this 3-month period.
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REI-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.29%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The RioCan Real Estate Investment Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $18.00. On a fall, the stock will find some support from the short-term average at $17.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for RioCan Real Estate Investment Trust stock
RioCan Real Estate Investment Trust finds support from accumulated volume at $17.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.290 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REI-UN.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect RioCan Real Estate Investment Trust to open at $17.88, and during the day (based on 14 day Average True Range), to move between $17.51 and $18.17, which gives a possible trading interval of +/-$0.327 (+/-1.84%) up or down from last closing price. If RioCan Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.80 (0.22%) than the resistance at $18.14 (1.68%), 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
RioCan Real Estate Investment Trust will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for RioCan Real Estate Investment Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.87% in the first trading day after earnings release.
Is RioCan Real Estate Investment Trust stock A Buy?
RioCan Real Estate Investment Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.809 Sell Candidate Unchanged
Predicted Opening Price for RioCan Real Estate Investment Trust of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $17.88 ( 0.243%) | $17.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REI-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.17 | 1.87 % | |
| R2 | 18.06 | 1.25 % | ||
| R1 | 17.99 | 0.86 % | ||
| Current price: | 17.84 | |||
| Support | S1 | 17.77 | -0.378 % | |
| S2 | 17.70 | -0.762 % | ||
| S3 | 17.59 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.55 | 3.98 % | |
| R2 | 18.38 | 3.03 % | ||
| R1 | 18.14 | 1.68 % | ||
| Current price | 17.84 | |||
| Support | S1 | 17.80 | -0.224% | |
| S2 | 17.63 | -1.18% | ||
| S3 | 17.45 | -2.19% |
REI-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0 | 0% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 07, 2024 | $0.0900 | 0.494% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
| 4 | Nov 29, 2023 | Nov 29, 2023 | Dec 07, 2023 | $0 | 0% |
| 5 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | $0 | 0% |
FAQ
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