Presidio Property Trust, Inc. Stock Forecast
High volatility in Presidio Property Trust, Inc. stock price on Wednesday which ended trading at $1.16
(Updated on Mar 27, 2024)
No changes to the price of Presidio Property Trust, Inc. stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 11.82% from a day low at $1.12 to a day high of $1.25. The price has been going up and down for this period, and there has been a -3.33% loss for the last 2 weeks.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.49% during the next 3 months and, with a 90% probability hold a price between $1.07 and $1.41 at the end of this 3-month period.
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SQFT Signals & Forecast
The Presidio Property Trust, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.26. On a fall, the stock will find some support from the long-term average at approximately $1.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -13.43%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-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 stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-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 stock in question.
Support, Risk & Stop-loss for Presidio Property Trust, Inc. stock
Presidio Property Trust, Inc. finds support from accumulated volume at $1.12 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 $0.133 between high and low, or 11.82%. For the last week the stock has had daily average volatility of 8.36%.
Our recommended stop-loss: $1.09 (-5.80%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (SQFT) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Presidio Property Trust, Inc. to open at $1.18, and during the day (based on 14 day Average True Range), to move between $1.05 and $1.27, which gives a possible trading interval of +/-$0.109 (+/-9.36%) up or down from last closing price. If Presidio Property Trust, Inc. takes out the full calculated possible swing range there will be an estimated 18.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.18 (1.72%) than the support at $1.12 (3.45%), 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 Presidio Property Trust, Inc. stock A Buy?
Presidio Property Trust, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.477 Hold/Accumulate Upgraded
Predicted Opening Price for Presidio Property Trust, Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$1.18 ( 1.60%) | $1.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SQFT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.31 | 13.03 % | |
R2 | 1.26 | 8.67 % | ||
R1 | 1.23 | 5.97 % | ||
Current price: | 1.16 | |||
Support | S1 | 1.13 | -2.76 % | |
S2 | 1.10 | -5.46 % | ||
S3 | 1.05 | -9.83 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.29 | 11.21 % | |
R2 | 1.20 | 3.45 % | ||
R1 | 1.18 | 1.72 % | ||
Current price | 1.16 | |||
Support | S1 | 1.12 | -3.45% | |
S2 | 1.11 | -4.31% | ||
S3 | 1.03 | -11.21% |
SQFT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 05, 2023 | Dec 15, 2023 | Dec 26, 2023 | $0.0230 | 2.07% |
2 | Sep 26, 2023 | Oct 05, 2023 | Oct 11, 2023 | $0.0230 | 3.43% |
3 | Jun 16, 2023 | Jun 26, 2023 | Jun 30, 2023 | $0.0230 | 2.55% |
4 | Mar 20, 2023 | Mar 29, 2023 | Mar 31, 2023 | $0.0220 | 2.14% |
5 | Dec 07, 2022 | Dec 16, 2022 | Dec 30, 2022 | $0.0210 | 2.21% |
FAQ
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