CubeSmart Stock Forecast
Red day on Monday for CubeSmart stock after losing 0.0234%
(Updated on Mar 18, 2024)
The CubeSmart stock price fell by -0.0234% on the last day (Monday, 18th Mar 2024) from $42.78 to $42.77. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 0.96% from a day low at $42.68 to a day high of $43.09. The price has fallen in 6 of the last 10 days and is down by -4.08% 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 -2 million shares and in total, 1 million shares were bought and sold for approximately $61.23 million.
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 -5.94% during the next 3 months and, with a 90% probability hold a price between $39.51 and $42.65 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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CUBE 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 CubeSmart 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 $44.46 and $43.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -6.16%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CubeSmart stock
CubeSmart finds support from accumulated volume at $42.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.410 (0.96%) between high and low. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CUBE) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect CubeSmart to open at $42.85, and during the day (based on 14 day Average True Range), to move between $41.83 and $43.71, which gives a possible trading interval of +/-$0.94 (+/-2.20%) up or down from last closing price. If CubeSmart takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.78 (0.02%) than the support at $42.72 (0.12%), 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 CubeSmart stock A Buy?
CubeSmart 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: -4.978 Sell Candidate Unchanged
Predicted Opening Price for CubeSmart of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$42.85 ( 0.179%) | $42.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUBE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.26 | 1.14 % | |
R2 | 43.10 | 0.772 % | ||
R1 | 43.00 | 0.545 % | ||
Current price: | 42.77 | |||
Support | S1 | 42.69 | -0.187 % | |
S2 | 42.59 | -0.413 % | ||
S3 | 42.44 | -0.779 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.34 | 6.01 % | |
R2 | 43.96 | 2.78 % | ||
R1 | 42.78 | 0.0234 % | ||
Current price | 42.77 | |||
Support | S1 | 42.72 | -0.117% | |
S2 | 0 | . | ||
S3 | 0 | . |
CUBE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 29, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.510 | 1.13% |
2 | Jul 25, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.490 | 1.28% |
3 | May 16, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.490 | 1.05% |
4 | Feb 22, 2023 | Mar 31, 2023 | Apr 17, 2023 | $0.490 | 1.05% |
5 | Dec 07, 2022 | Dec 30, 2022 | Jan 17, 2023 | $0.490 | 1.16% |
FAQ
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