Essential Properties Realty Trust Inc. Stock Forecast

Essential Properties Realty Trust Inc. stock price up 0.190% on Wednesday
(Updated on Apr 24, 2024)

EPRT Signals & Forecast

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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $25.53 and $25.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.34%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $0.390 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.81%.

Since the Essential Properties Realty Trust Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $25.39 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (EPRT) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Essential Properties Realty Trust Inc. to open at $26.25, and during the day (based on 14 day Average True Range), to move between $25.82 and $26.84, which gives a possible trading interval of +/-$0.505 (+/-1.92%) 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 3.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $26.53 (0.76%) than the support at $25.53 (3.04%), 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 Essential Properties Realty Trust Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Essential Properties Realty Trust Inc. stock to perform well in the short-term.

Current score: 2.296 Buy Candidate Unchanged

Predicted Opening Price for Essential Properties Realty Trust Inc. of Thursday, April 25, 2024

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