BRT Realty Trust Stock Forecast

BRT Realty Trust stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)

BRT Signals & Forecast

The BRT Realty Trust 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 $16.97. On a fall, the stock will find some support from the long-term average at approximately $16.41. 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. BRT Realty Trust 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, March 18, 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 BRT Realty Trust stock

BRT Realty Trust finds support from accumulated volume at $16.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.340 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 2.96%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BRT) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect BRT Realty Trust to open at $16.62, and during the day (based on 14 day Average True Range), to move between $16.09 and $17.15, which gives a possible trading interval of +/-$0.527 (+/-3.17%) up or down from last closing price. If BRT Realty Trust takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.80 (1.08%) than the support at $16.37 (1.50%), 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 BRT Realty Trust stock A Buy?

BRT Realty Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.085 Sell Candidate Downgraded

Predicted Opening Price for BRT Realty Trust of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.