CubeSmart Forecast and Stock Analysis
Technical CUBE stock analysis for Monday June 17, 2019.
CubeSmart gained 0.82% in the last trading day ( Monday, 17th Jun 2019 ), rising from $33.98 to $34.26 During day the stock fluctuated 1.00% from a day low at $34.04 to a day high of $34.38. The price has been going up and down for this period, and there has been a 1.9% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.57 million more shares were traded than the day before. In total, 1.28 million shares bought and sold for approximately $43.70 million.
- 30 day high of the CUBE stock price was $34.49 and low was $32.80.
- 90 day high was $34.49 and low was $30.32.
- 52 week high for the CubeSmart - $34.49 and low - $27.19.
CubeSmart 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 8.31% during the next 3 months and, with 90% probability hold a price between $34.95 and $37.65 at the end of this period.
CubeSmart holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $34.03 and $33.18. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday June 05, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $32.10 and $32.04.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CubeSmart finds support just below today's level at $32.10. If this is broken, then the next support from accumulated volume will be at $32.04 and $31.45.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.34 (1.00%) between high and low. For the last week, the stock has had a daily average volatility of 1.15%.
Our recommended stoploss: $32.92 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 8 days ago.)
1.15 %Average volatility
Very Low Low Medium High Very High
CubeSmart holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
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|CUBE $34.26 ($0.28 0.82%)|
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