Industrial Logistics Properties Trust Stock Forecast
Industrial Logistics Properties Trust stock price ended at $3.88 on Monday, after losing 1.27%.
(Updated on Apr 15, 2024)
The Industrial Logistics Properties Trust stock price fell by -1.27% on the last day (Monday, 15th Apr 2024) from $3.93 to $3.88. During the last trading day the stock fluctuated 4.44% from a day low at $3.83 to a day high of $4.00. The price has fallen in 6 of the last 10 days and is down by -3.96% for this period. Volume has increased on the last day by 94 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 362 thousand shares were bought and sold for approximately $1.40 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Industrial Logistics Properties Trust stock with a 90% probability to be traded between $3.57 and $4.27 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.
ILPT Signals & Forecast
There are few to no technical positive signals at the moment. The Industrial Logistics Properties Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.98 and $3.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -8.06%. 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). Industrial Logistics Properties Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Industrial Logistics Properties Trust stock
Industrial Logistics Properties Trust finds support from accumulated volume at $3.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.170 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 5.57%.
Our recommended stop-loss: $3.68 (-5.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (ILPT) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Industrial Logistics Properties Trust to open at $3.90, and during the day (based on 14 day Average True Range), to move between $3.67 and $4.09, which gives a possible trading interval of +/-$0.208 (+/-5.37%) up or down from last closing price. If Industrial Logistics Properties Trust takes out the full calculated possible swing range there will be an estimated 10.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.87 (0.26%) than the resistance at $4.04 (4.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Industrial Logistics Properties Trust stock A Buy?
Industrial Logistics Properties Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.790 Hold/Accumulate Unchanged
Predicted Opening Price for Industrial Logistics Properties Trust of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $3.90 ( 0.601%) | $3.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILPT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.07 | 4.98 % | |
| R2 | 4.01 | 3.31 % | ||
| R1 | 3.97 | 2.28 % | ||
| Current price: | 3.88 | |||
| Support | S1 | 3.84 | -1.07 % | |
| S2 | 3.80 | -2.11 % | ||
| S3 | 3.73 | -3.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.07 | 4.90 % | |
| R2 | 4.06 | 4.64 % | ||
| R1 | 4.04 | 4.12 % | ||
| Current price | 3.88 | |||
| Support | S1 | 3.87 | -0.258% | |
| S2 | 3.78 | -2.58% | ||
| S3 | 3.63 | -6.44% |
ILPT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 19, 2024 | Feb 15, 2024 | $0.0100 | 0.243% |
| 2 | Oct 12, 2023 | Oct 20, 2023 | Nov 16, 2023 | $0.0100 | 0.358% |
| 3 | Jul 13, 2023 | Jul 21, 2023 | Aug 17, 2023 | $0.0100 | 0.260% |
| 4 | Apr 13, 2023 | Apr 21, 2023 | May 18, 2023 | $0.0100 | 0.568% |
| 5 | Jan 12, 2023 | Jan 20, 2023 | Feb 16, 2023 | $0.0100 | 0.209% |
FAQ
Click here for our free guide on how to buy Industrial Logistics Properties Trust Stock.
