CubeSmart Stock Forecast
Red day on Wednesday for CubeSmart stock after losing 0%
(Updated on Apr 17, 2024)
No changes to the price of CubeSmart stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 1.47% from a day low at $42.06 to a day high of $42.68. The price has risen in 5 of the last 10 days but is still down by -4.93% for this period.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $42.21 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect CubeSmart stock with a 90% probability to be traded between $41.98 and $46.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
CUBE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $43.65 and $44.12. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for CubeSmart stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.620 (1.47%) between high and low. For the last week, the stock has had daily average volatility of 2.22%.
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 Thursday 18th
For the upcoming trading day on Thursday, 18th we expect CubeSmart to open at $42.32, and during the day (based on 14 day Average True Range), to move between $41.17 and $43.25, which gives a possible trading interval of +/-$1.04 (+/-2.47%) up or down from last closing price. If CubeSmart takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $42.78, some $0.570 (1.35%) from the current price of $42.21, our system finds the risk reward not very attractive.
Earnings coming up
CubeSmart will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.640. We will update the financials statements for CubeSmart, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.07% in the first trading day after earnings release.
Is CubeSmart stock A Buy?
CubeSmart holds several negative signals and is within a wide and 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: -1.544 Sell Candidate Unchanged
Predicted Opening Price for CubeSmart of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $42.32 ( 0.253%) | $42.21 |
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 | 42.94 | 1.72 % | |
| R2 | 42.70 | 1.16 % | ||
| R1 | 42.55 | 0.81 % | ||
| Current price: | 42.21 | |||
| Support | S1 | 42.08 | -0.308 % | |
| S2 | 41.93 | -0.655 % | ||
| S3 | 41.70 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.34 | 7.42 % | |
| R2 | 43.96 | 4.15 % | ||
| R1 | 42.78 | 1.35 % | ||
| Current price | 42.21 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CUBE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.510 | 1.20% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.510 | 1.13% |
| 3 | Jul 25, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.490 | 1.28% |
| 4 | May 16, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.490 | 1.05% |
| 5 | Feb 22, 2023 | Mar 31, 2023 | Apr 17, 2023 | $0.490 | 1.05% |
FAQ
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