Urban Logistics REIT plc Stock Forecast
Weaker technical forecast for Urban Logistics REIT plc as stock downgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The Urban Logistics REIT plc stock price gained 0.345% on the last trading day (Wednesday, 1st May 2024), rising from £115.80 to £116.20. It has now gained 5 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 2.83% from a day low at £113.00 to a day high of £116.20. The price has risen in 8 of the last 10 days and is up by 7% over the past 2 weeks. Volume fell on the last day by -405 thousand shares and in total, 1 million shares were bought and sold for approximately £136.82 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.
Given the current short-term trend, the stock is expected to fall -12.08% during the next 3 months and, with a 90% probability hold a price between £91.55 and £102.17 at the end of this 3-month period. 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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SHED.L Signals & Forecast
The Urban Logistics REIT plc 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 £113.20 and £113.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.60%. 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.
Support, Risk & Stop-loss for Urban Logistics REIT plc stock
Urban Logistics REIT plc finds support from accumulated volume at £116.00 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 £3.20 (2.83%) between high and low. For the last week, the stock has had daily average volatility of 3.11%.
Our recommended stop-loss: £112.03 (-3.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SHED.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Urban Logistics REIT plc to open at £115.13, and during the day (based on 14 day Average True Range), to move between £112.91 and £119.49, which gives a possible trading interval of +/-£3.29 (+/-2.84%) up or down from last closing price. If Urban Logistics REIT plc takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £116.00 (0.17%) than the resistance at £117.00 (0.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Urban Logistics REIT plc stock A Buy?
Urban Logistics REIT plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Urban Logistics REIT plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £115.13 ( 0.92%) | £116.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHED.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.33 | 1.84 % | |
| R2 | 117.11 | 0.784 % | ||
| R1 | 116.36 | 0.134 % | ||
| Current price: | 116.20 | |||
| Support | S1 | 113.91 | -1.97 % | |
| S2 | 113.16 | -2.62 % | ||
| S3 | 111.93 | -3.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.60 | 8.09 % | |
| R2 | 118.00 | 1.55 % | ||
| R1 | 117.00 | 0.688 % | ||
| Current price | 116.20 | |||
| Support | S1 | 116.00 | -0.172% | |
| S2 | 112.80 | -2.93% | ||
| S3 | 109.60 | -5.68% |
SHED Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £3.25 | 2.76% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £4.35 | 3.82% |
| 3 | Nov 11, 2022 | Nov 24, 2022 | Dec 16, 2022 | £3.25 | 2.37% |
| 4 | Jun 23, 2022 | Jun 30, 2022 | Jul 22, 2022 | £4.35 | 2.51% |
| 5 | Nov 11, 2021 | Nov 25, 2021 | Dec 17, 2021 | £3.25 | 1.80% |
FAQ
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