National Retail Properties Stock Forecast
National Retail Properties stock price down 0.658% on Friday
(Updated on Apr 26, 2024)
The National Retail Properties stock price fell by -0.658% on the last day (Friday, 26th Apr 2024) from $41.03 to $40.76. During the last trading day the stock fluctuated 2.02% from a day low at $40.66 to a day high of $41.48. The price has risen in 6 of the last 10 days but is still down by -0.12% for this period. Volume has increased on the last day by 1 million 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, 2 million shares were bought and sold for approximately $86.72 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect National Retail Properties stock with a 90% probability to be traded between $39.96 and $43.62 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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NNN Signals & Forecast
There are few to no technical positive signals at the moment. The National Retail Properties stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $41.44. On a fall, the stock will find some support from the short-term average at $40.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.92%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for National Retail Properties stock
National Retail Properties finds support from accumulated volume at $39.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.82 (2.02%) between high and low. For the last week, the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NNN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect National Retail Properties to open at $40.97, and during the day (based on 14 day Average True Range), to move between $40.06 and $41.46, which gives a possible trading interval of +/-$0.698 (+/-1.71%) up or down from last closing price. If National Retail Properties takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.80 (0.10%) than the support at $39.98 (1.91%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is National Retail Properties stock A Buy?
National Retail Properties holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.928 Sell Candidate Unchanged
Predicted Opening Price for National Retail Properties of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$40.97 ( 0.508%) | $40.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NNN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 41.79 | 2.52 % | |
R2 | 41.47 | 1.75 % | ||
R1 | 41.28 | 1.28 % | ||
Current price: | 40.76 | |||
Support | S1 | 40.65 | -0.262 % | |
S2 | 40.46 | -0.737 % | ||
S3 | 40.15 | -1.51 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 41.15 | 0.96 % | |
R2 | 41.00 | 0.589 % | ||
R1 | 40.80 | 0.0981 % | ||
Current price | 40.76 | |||
Support | S1 | 39.98 | -1.91% | |
S2 | 39.87 | -2.18% | ||
S3 | 39.72 | -2.55% |
NNN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 15, 2024 | Apr 29, 2024 | May 15, 2024 | $0.565 | 1.39% |
2 | Jan 16, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.565 | 1.39% |
3 | Jan 16, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.570 | 1.40% |
4 | Oct 16, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.565 | 1.45% |
5 | Jul 14, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.565 | 1.45% |
FAQ
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