MedEquities Realty Trust Inc Forecast and Stock Analysis
Technical MRT stock analysis for March 18, 2019.
|Shorts||1.68% ( 2019-02-28 )|
MedEquities Realty Trust Inc fell by -1.12% in the last day from $10.69 to $10.57 and has now fallen 3 days in a row. The price has risen in 5 of the last 10 days , but is still down by -0.19% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3 162 415 shares and in total 486 004 shares bought and sold for approximately $5.14 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the MRT stock was $10.57. This is 1.12% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 2.18% from a day low at $10.53 to a day high of $10.76.
30 day high of the MRT stock price was $10.87 and low was $10.40.
90 day high was $11.65 and low was $6.27.
52 week high for the MedEquities Realty Trust Inc - $11.85 and low - $6.27.
MedEquities Realty Trust Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.63% during the next 3 months and, with 90% probability hold a price between $11.47 and $17.69 at the end of this period.
There are few to none technical positive signals at the moment. MedEquities Realty Trust Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $10.70 and $10.91. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
MedEquities Realty Trust Inc finds support from accumulated volume at $10.09.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.23 (2.18%) between high and low. For the last week, the stock has had a daily average volatility of 1.31%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The MedEquities Realty Trust Inc stock holds several negative signals and despite the positive trend we believe MedEquities Realty Trust Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.