Slate Grocery REIT Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Slate Grocery REIT stock after losing 2.03%
(Updated on May 31, 2024)
The Slate Grocery REIT stock price fell by -2.03% on the last day (Friday, 31st May 2024) from $8.00 to $7.84. During the last trading day the stock fluctuated 2.21% from a day low at $7.83 to a day high of $8.00. The price has fallen in 6 of the last 10 days and is down by -3.95% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -774 shares and in total, 3 thousand shares were bought and sold for approximately $20.58 thousand.
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 -4.64% during the next 3 months and, with a 90% probability hold a price between $7.32 and $7.77 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
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. The Slate Grocery REIT stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $8.05 and $8.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -4.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 $7.81 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.173 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 0.97%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRRTF) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Slate Grocery REIT to open at $7.89, and during the day (based on 14 day Average True Range), to move between $7.72 and $7.96, which gives a possible trading interval of +/-$0.121 (+/-1.54%) up or down from last closing price. If Slate Grocery REIT takes out the full calculated possible swing range there will be an estimated 3.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.81 (0.35%) than the resistance at $8.01 (2.20%), 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 negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.962 Sell Candidate Unchanged
Predicted Opening Price for Slate Grocery REIT of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $7.89 ( 0.650%) | $7.84 |
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 | 8.06 | 2.85 % | |
| R2 | 7.99 | 2.01 % | ||
| R1 | 7.95 | 1.49 % | ||
| Current price: | 7.84 | |||
| Support | S1 | 7.82 | -0.192 % | |
| S2 | 7.78 | -0.712 % | ||
| S3 | 7.72 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.32 | 6.16 % | |
| R2 | 8.22 | 4.88 % | ||
| R1 | 8.01 | 2.20 % | ||
| Current price | 7.84 | |||
| Support | S1 | 7.81 | -0.348% | |
| S2 | 7.81 | -0.366% | ||
| S3 | 7.79 | -0.604% |
SRRTF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 31, 2024 | Jun 17, 2024 | $0.0720 | 0.92% |
| 2 | Apr 15, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0522 | 0.644% |
| 3 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0720 | 0.91% |
| 4 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0720 | 0.87% |
| 5 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | $0 | 0% |
FAQ
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