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Weaker Buy Today NXRT ranks #557 as BUY CANDIDATE #557 Stronger Buy

NXRT stock forecast NexPoint Residential Trust Inc

NXRT stock forecast

Wednesday June 19, 2019 Change 0.47% Price $40.33
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will NXRT stock price go up or down on Fri, 21 Jun 2019?

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NexPoint Residential Trust Inc Forecast and Stock Analysis

Technical NXRT stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-05-21 Gain 0.32%


NexPoint Residential Trust Inc gained 0.47% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $40.14 to $40.33 During day the stock fluctuated 1.76% from a day low at $39.75 to a day high of $40.45. The price has risen in 6 of the last 10 days and is up by 0.17% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 21 984 more shares were traded than the day before. In total, 65 105 shares bought and sold for approximately $2.63 million.

Quick summary:

  • 30 day high of the NXRT stock price was $40.87 and low was $39.44.
  • 90 day high was $41.91 and low was $34.61.
  • 52 week high for the NexPoint Residential Trust Inc - $41.91 and low - $26.90.

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 10.86% during the next 3 months and, with 90% probability hold a price between $41.99 and $47.93 at the end of this period.

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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 $40.29 and $40.01. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday June 17, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 56 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 $39.95.

Support: $39.95 Price: $40.33 Resistance: $40.44

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 $0.70 (1.76%) between high and low. For the last week, the stock has had a daily average volatility of 1.79%.

Our recommended stoploss: $38.64 (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)

1.79 %

Average volatility

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.

Buy Candidate Upgraded
Weaker Buy Today NXRT ranks #557 as BUY CANDIDATE #557 Stronger Buy

Will NXRT stock price go up or down on Fri, 21 Jun 2019?

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