BTB Real Estate Investment Trust Stock Forecast
BTB Real Estate Investment Trust stock upgraded to Buy Candidate.
(Updated on Apr 18, 2024)
The BTB Real Estate Investment Trust stock price gained 0.639% on the last trading day (Thursday, 18th Apr 2024), rising from $3.13 to $3.15. During the last trading day the stock fluctuated 1.92% from a day low at $3.12 to a day high of $3.18. The price has fallen in 5 of the last 10 days and is down by -1.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 48 thousand shares were bought and sold for approximately $150.56 thousand.
The stock lies in the middle of a 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 4.83% during the next 3 months and, with a 90% probability hold a price between $3.22 and $3.45 at the end of this 3-month period.
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BTB-UN.TO Signals & Forecast
The BTB Real Estate Investment 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 $3.15. On a fall, the stock will find some support from the long-term average at approximately $3.13. 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. BTB Real Estate Investment 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 -3.67%. 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).
Support, Risk & Stop-loss for BTB Real Estate Investment Trust stock
BTB Real Estate Investment Trust finds support from accumulated volume at $3.07 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 $0.0600 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $2.99 (-4.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (BTB-UN.TO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect BTB Real Estate Investment Trust to open at $3.15, and during the day (based on 14 day Average True Range), to move between $3.10 and $3.20, which gives a possible trading interval of +/-$0.0525 (+/-1.67%) up or down from last closing price. If BTB Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.16 (0.32%) than the support at $3.07 (2.54%), 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 BTB Real Estate Investment Trust stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BTB Real Estate Investment Trust stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.149 Buy Candidate Upgraded
Predicted Opening Price for BTB Real Estate Investment Trust of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.15 ( 0.00000000%) | $3.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTB-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.21 | 1.90 % | |
| R2 | 3.19 | 1.18 % | ||
| R1 | 3.17 | 0.728 % | ||
| Current price: | 3.15 | |||
| Support | S1 | 3.13 | -0.728 % | |
| S2 | 3.11 | -1.18 % | ||
| S3 | 3.09 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.27 | 3.81 % | |
| R2 | 3.23 | 2.54 % | ||
| R1 | 3.16 | 0.317 % | ||
| Current price | 3.15 | |||
| Support | S1 | 3.07 | -2.54% | |
| S2 | 3.00 | -4.76% | ||
| S3 | 2.99 | -5.08% |
BTB-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0250 | 0.794% |
| 2 | Apr 09, 2024 | Apr 09, 2024 | Apr 15, 2024 | $0.0250 | 0.80% |
| 3 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 4 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0 | 0% |
| 5 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | $0 | 0% |
FAQ
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