NXRT - NexPoint Residential Trust Inc

Exchange: NYSE

NXRT - NexPoint Residential Trust Inc

Exchange: NYSE
#375()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE -1.02%
PRICE $34.90
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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NexPoint Residential Trust Inc Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-10-08 Gain 4.65%
Shorts 5.26% ( 2018-09-28 )
Cash 108.7 mill
Loans 1 602.5 mill
Beta 0.73
ROA 5.42

NexPoint Residential Trust Inc fell by -1.02% in the last day from $35.26 to $34.90 The price has been going up and down for this period, and there has been a 2.95% gain for the last 2 weeks. 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 -51 128 shares and in total 81 813 shares bought and sold for approximately $2.86 million.

Trend

NexPoint Residential Trust Inc lies in the middle of a 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 15.92% during the next 3 months and, with 90% probability hold a price between $37.26 and $42.52 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

NexPoint Residential Trust Inc 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 $34.25 and $32.86. 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 Tuesday October 16, 2018, 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.

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A sell signal from a double top formation was found on Wednesday October 10, 2018 and based on theory for this formation the price should fall by -2.58% to $31.65 within 6 trading days since signal was issued (Thursday October 18, 2018).

Relative Strength Index (RSI)

RSI14 is 64 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

NexPoint Residential Trust Inc finds support from accumulated volume at $34.23.

Support: $34.23 Price: $34.90 Resistance: $35.26

Risk

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 $0.55 (1.58%) between high and low. For the last week, the stock has had a daily average volatility of 2.91%.

Our recommended stoploss: $33.35 (-4.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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. 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.

Buy Candidate

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NXRT $34.90 $-0.36(-1.02%)
NXRT is down $0.36 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for NXRT based on the 1-3 month system that more than doubles the S&P 500.

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