National Retail Properties Forecast and Stock Analysis
Technical NNN stock analysis for February 15, 2019.
|Shorts||5.71% ( 2019-01-31 )|
National Retail Properties gained 0.52% in the last trading day, rising from $52.30 to $52.57 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 0.54% over the past 2 weeks. Volume fell in the last day by -0.20 million shares, and in total, 1.11 million shares bought and sold for approximately $58.21 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the NNN stock was $52.57. This is 0.52% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.86% from a day low at $52.12 to a day high of $52.57.
30 day high of the NNN stock price was $54.56 and low was $49.27.
90 day high was $54.56 and low was $45.45.
52 week high for the National Retail Properties - $54.56 and low - $36.95.
National Retail Properties lies in the middle of a wide and weak 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 6.81% during the next 3 months and, with 90% probability hold a price between $50.88 and $57.60 at the end of this period.
Only positive signals in the chart today. National Retail Properties holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $52.70. On a fall, the stock will find some support from the long-term average at approximately $50.53. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday February 13, 2019, which indicates further gains 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 may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
National Retail Properties finds support from accumulated volume at $50.06.
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 $0.45 (0.86%) between high and low. For the last week, the stock has had a daily average volatility of 1.97%.
Our recommended stoploss: $49.84 (-5.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term.