NexPoint Residential Trust Inc Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
|Shorts||3.78% ( 2018-11-15 )|
NexPoint Residential Trust Inc fell by -0.97% in the last day from $36.19 to $35.84 The price has risen in 6 of the last 10 days and is up by 0.42% over the past 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 -39 397 shares and in total 142 519 shares bought and sold for approximately $5.11 million.
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 11.69% during the next 3 months and, with 90% probability hold a price between $37.80 and $42.35 at the end of this period.
NexPoint Residential Trust Inc 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 $36.58. On a fall, the stock will find some support from the long-term average at approximately $35.13. 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. 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 December 06, 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.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
NexPoint Residential Trust Inc finds support from accumulated volume at $34.23.
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 $0.86 (2.40%) between high and low. For the last week, the stock has had a daily average volatility of 2.67%.
Our recommended stoploss: $33.83 (-5.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)
Very Low Low Medium High Very High
NexPoint Residential Trust Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|NXRT $35.84 $-0.35(-0.97%)|
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