New England Realty Associates LP Stock Forecast
New England Realty Associates LP stock price ended at $69.15 on Tuesday, after losing 0%.
(Updated on Apr 23, 2024)
No changes to the price of New England Realty Associates LP stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $69.15 to a day high of $69.15. The price has been going up and down for this period, and there has been a -2.19% loss for the last 2 weeks.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $68.39 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect New England Realty Associates LP stock with a 90% probability to be traded between $68.59 and $73.16 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.
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NEN Signals & Forecast
There are mixed signals in the stock today. The New England Realty Associates LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $69.51 and $70.44. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.0686%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Wednesday, March 06, 2024 and based on theory for this formation the price should go up by 6.43% to $73.60 within 15 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for New England Realty Associates LP stock
New England Realty Associates LP finds support from accumulated volume at $69.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.258%
Our recommended stop-loss: $65.02 (-5.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (NEN) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect New England Realty Associates LP to open at $69.15, and during the day (based on 14 day Average True Range), to move between $68.41 and $69.89, which gives a possible trading interval of +/-$0.737 (+/-1.07%) up or down from last closing price. If New England Realty Associates LP takes out the full calculated possible swing range there will be an estimated 2.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $69.10 (0.07%) than the resistance at $70.50 (1.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is New England Realty Associates LP stock A Buy?
New England Realty Associates LP 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for New England Realty Associates LP of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $69.15 ( 0%) | $69.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.15 | . | |
| R2 | 69.15 | . | ||
| R1 | 69.15 | . | ||
| Current price: | 69.15 | |||
| Support | S1 | 69.15 | . | |
| S2 | 69.15 | . | ||
| S3 | 69.15 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.90 | 5.42 % | |
| R2 | 71.00 | 2.68 % | ||
| R1 | 70.50 | 1.95 % | ||
| Current price | 69.15 | |||
| Support | S1 | 69.10 | -0.0723% | |
| S2 | 68.81 | -0.492% | ||
| S3 | 68.50 | -0.94% |
NEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $2.00 | 2.78% |
| 2 | Nov 09, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.400 | 0.574% |
| 3 | Aug 04, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.400 | 0.584% |
| 4 | May 09, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.400 | 0.548% |
| 5 | Mar 09, 2023 | Mar 17, 2023 | Mar 31, 2023 | $1.60 | 2.19% |
FAQ
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