Essential Properties Realty Trust Inc. Stock Forecast

Essential Properties Realty Trust Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)

EPRT Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.28%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Essential Properties Realty Trust Inc. 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 $25.66 and $25.60. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Essential Properties Realty Trust Inc. stock

Essential Properties Realty Trust Inc. finds support from accumulated volume at $25.53 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 $0.650 (2.53%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: $24.75 (-3.83%) (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 (EPRT) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Essential Properties Realty Trust Inc. to open at $25.94, and during the day (based on 14 day Average True Range), to move between $25.21 and $26.25, which gives a possible trading interval of +/-$0.516 (+/-2.00%) up or down from last closing price. If Essential Properties Realty Trust Inc. takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.53 (0.78%) than the resistance at $26.15 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Essential Properties Realty Trust Inc. stock A Buy?

Essential Properties Realty Trust Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.149 Hold/Accumulate Downgraded

Predicted Opening Price for Essential Properties Realty Trust Inc. of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.