NNN Forecast and Technical Stock Analysis
Buy candidate since 2019-08-22 Loss -0.16%
National Retail Properties fell by -0.16% in the last day ( Friday, 23rd Aug 2019 ) from $55.64 to $55.55 During the day the stock fluctuated 1.63% from a day low at $55.33 to a day high of $56.23. The price has risen in 6 of the last 10 days and is up by 1.02% over the past 2 weeks. Volume has increased in the last day by 130 789 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 731 661 shares bought and sold for approximately $40.64 million.
- 30 day high of the NNN stock price was $56.23 and low was $51.84.
- 90 day high was $56.23 and low was $51.31.
- 52 week high for National Retail Properties - $56.23 and low - $42.97.
National Retail Properties is at the upper part of a horizontal trend and normally this would pose a good selling opportunity but a break-up through the top trend line at $55.64 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend, you can expect National Retail Properties with a 90% probability to be traded between $52.02 and $55.89 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
National Retail Properties holds buy signals from both short- and long-term moving averages. In addition, 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 $55.14 and $53.73. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday August 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
National Retail Properties finds support from accumulated volume at $55.00.
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 $0.90 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 1.45%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $54.01 (-2.77%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from pivot top found 1 day(s) ago.)
1.45 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
|NNN $55.55 ($-0.09 -0.16%)|
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