Slate Grocery REIT Stock Forecast
Slate Grocery REIT stock price up 0.741% on Thursday
(Updated on May 16, 2024)
The Slate Grocery REIT stock price gained 0.741% on the last trading day (Thursday, 16th May 2024), rising from $8.10 to $8.16. During the last trading day the stock fluctuated 0.81% from a day low at $8.10 to a day high of $8.16. The price has risen in 5 of the last 10 days and is up by 0.25% 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, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $29.00 thousand.
Given the current short-term trend, the stock is expected to fall -7.44% during the next 3 months and, with a 90% probability hold a price between $7.14 and $7.55 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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SRRTF Signals & Forecast
The Slate Grocery REIT 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 $7.99 and $8.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 4.75%. 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). Slate Grocery REIT 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Slate Grocery REIT stock
Slate Grocery REIT finds support from accumulated volume at $8.14 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 $0.0654 between high and low, or 0.81%. For the last week the stock has had daily average volatility of 0.773%.
Our recommended stop-loss: $7.78 (-4.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (SRRTF) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Slate Grocery REIT to open at $8.14, and during the day (based on 14 day Average True Range), to move between $8.02 and $8.30, which gives a possible trading interval of +/-$0.143 (+/-1.75%) up or down from last closing price. If Slate Grocery REIT takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.14 (0.25%) than the resistance at $8.22 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Slate Grocery REIT stock A Buy?
Slate Grocery REIT 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.
Current score: 0.226 Hold/Accumulate Unchanged
Predicted Opening Price for Slate Grocery REIT of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $8.14 ( 0.264%) | $8.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRRTF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.20 | 0.538 % | |
| R2 | 8.18 | 0.231 % | ||
| R1 | 8.16 | 0.0423 % | ||
| Current price: | 8.16 | |||
| Support | S1 | 8.11 | -0.570 % | |
| S2 | 8.10 | -0.759 % | ||
| S3 | 8.07 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.64 | 5.88 % | |
| R2 | 8.32 | 1.96 % | ||
| R1 | 8.22 | 0.735 % | ||
| Current price | 8.16 | |||
| Support | S1 | 8.14 | -0.245% | |
| S2 | 8.01 | -1.84% | ||
| S3 | 7.79 | -4.53% |
SRRTF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0522 | 0.644% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0720 | 0.91% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0720 | 0.87% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | $0 | 0% |
| 5 | Dec 15, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0720 | 0.779% |
FAQ
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