Rexford Industrial Realty, Inc. Stock Forecast
Rexford Industrial Realty, Inc. stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Rexford Industrial Realty, Inc. stock price gained 0.323% on the last trading day (Friday, 28th Jun 2024), rising from $21.65 to $21.72. During the last trading day the stock fluctuated 0.245% from a day low at $21.69 to a day high of $21.74. The price has risen in 5 of the last 10 days and is up by 0.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 619 more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $138.90 thousand.
Given the current horizontal trend, you can expect Rexford Industrial Realty, Inc. stock with a 90% probability to be traded between $21.02 and $21.56 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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REXR-PB Signals & Forecast
The Rexford Industrial Realty, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.55 and $21.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.31%. Further rise is indicated until a new top pivot has been found. Rexford Industrial Realty, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Rexford Industrial Realty, Inc. stock
Rexford Industrial Realty, Inc. finds support from accumulated volume at $21.53 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 $0.0532 between high and low, or 0.245%. For the last week the stock has had daily average volatility of 0.636%.
Our recommended stop-loss: $20.47 (-5.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (REXR-PB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Rexford Industrial Realty, Inc. to open at $21.72, and during the day (based on 14 day Average True Range), to move between $21.56 and $21.88, which gives a possible trading interval of +/-$0.156 (+/-0.72%) up or down from last closing price. If Rexford Industrial Realty, Inc. takes out the full calculated possible swing range there will be an estimated 1.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.73 (0.05%) than the support at $21.53 (0.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Rexford Industrial Realty, Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Rexford Industrial Realty, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.000 Buy Candidate Upgraded
Predicted Opening Price for Rexford Industrial Realty, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $21.72 ( 0.0221%) | $21.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REXR-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.77 | 0.223% |
| R2 | 21.75 | 0.129% |
| R1 | 21.74 | 0.0715% |
| Price | 21.72 | |
| S1 | 21.69 | -0.116% |
| S2 | 21.68 | -0.173% |
| S3 | 21.66 | -0.267% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 21.73 | 0.0460% |
| Price | 21.72 | |
| S1 | 21.53 | -0.87% |
| S2 | 21.50 | -1.01% |
| S3 | 21.44 | -1.31% |
REXR-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.367 | 1.69% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.367 | 1.64% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.367 | 1.56% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.367 | 1.73% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.367 | 1.61% |
FAQ
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