RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CUBE
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Thursday for CubeSmart
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Loss -0.40% PDF

The CubeSmart stock price fell by -0.396% on the last day (Thursday, 28th Mar 2024) from $45.40 to $45.22. During the last trading day the stock fluctuated 2.68% from a day low at $44.27 to a day high of $45.45. The price has fallen in 6 of the last 10 days but is still up by 3.6% over the past 2 weeks. 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 -123 thousand shares and in total, 1 million shares were bought and sold for approximately $55.71 million.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $45.36 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.52% during the next 3 months and, with a 90% probability hold a price between $40.02 and $43.32 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

CUBE Signals & Forecast

The CubeSmart stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $44.03 and $43.85. A breakdown below any of these levels will issue sell signals. 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 Wednesday, March 27, 2024, and so far it has fallen -0.396%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Wednesday, March 27, 2024 and based on theory for this formation the price should fall by -11.06% to $40.22 within 12 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for CubeSmart stock

CubeSmart finds support from accumulated volume at $43.96 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 $1.19 (2.68%) between high and low. For the last week, the stock has had daily average volatility of 2.37%.

Our recommended stop-loss: $43.32 (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CUBE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect CubeSmart to open at $44.98, and during the day (based on 14 day Average True Range), to move between $44.24 and $46.20, which gives a possible trading interval of +/-$0.98 (+/-2.17%) up or down from last closing price. If CubeSmart takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $45.34 (0.27%) than the support at $43.96 (2.79%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.672 Hold/Accumulate Unchanged

Predicted Opening Price for CubeSmart of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$44.98 ( 0.534%) $45.22

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 46.16 2.09 %
R2 45.71 1.09 %
R1 45.43 0.467 %
Current price: 45.22
Support S1 44.53 -1.54 %
S2 44.25 -2.15 %
S3 43.79 -3.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 45.74 1.15 %
R2 45.51 0.641 %
R1 45.34 0.265 %
Current price 45.22
Support S1 43.96 -2.79%
S2 42.85 -5.24%
S3 42.78 -5.40%

CUBE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 28, 2024 Apr 15, 2024 $0.510 1.13%
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

What is the symbol for CubeSmart Stock and on which exchange is it traded?
The symbol for CubeSmart is CUBE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell CubeSmart Stock?
CubeSmart holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy CubeSmart Stock?
CubeSmart Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CubeSmart Stock.

What's the current price of CubeSmart Stock?
As of the end of day on the 2024-03-28, the price of an CubeSmart (CUBE) share was $45.22.

What is the 52-week high and low for CubeSmart Stock?
The 52-week high for CubeSmart Stock is $48.93 and the 52-week low is $33.18.

What is the market capitalization of CubeSmart Stock?
As of the 2024-03-28, the market capitalization of CubeSmart is 10.172B.

When is the next earnings date for CubeSmart?
The upcoming earnings date for CubeSmart is Apr 25, 2024.
Click to get the best stock tips daily for free!

About CubeSmart

CubeSmart CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.... CUBE Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT