NexPoint Residential Trust Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for NexPoint Residential Trust Inc stock after gaining 0.95%
(Updated on Apr 23, 2024)
The NexPoint Residential Trust Inc stock price gained 0.95% on the last trading day (Tuesday, 23rd Apr 2024), rising from $32.71 to $33.02. It has now gained 4 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. During the last trading day the stock fluctuated 3.00% from a day low at $32.62 to a day high of $33.60. The price has been going up and down for this period, and there has been a -1.23% loss for the last 2 weeks. Volume fell on the last day by -72 thousand shares and in total, 96 thousand shares were bought and sold for approximately $3.18 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $33.60 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.26% during the next 3 months and, with a 90% probability hold a price between $29.84 and $34.70 at the end of this 3-month period.
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NXRT Signals & Forecast
The NexPoint Residential Trust Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $31.79 and $31.16. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.23%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for NexPoint Residential Trust Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $30.95 and $29.95. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NexPoint Residential Trust Inc finds support just below today's level at $30.95. If this is broken, then the next support from accumulated volume will be at $29.95 and $29.88.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.98 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: $31.87 (-3.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (NXRT) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect NexPoint Residential Trust Inc to open at $33.08, and during the day (based on 14 day Average True Range), to move between $32.13 and $33.91, which gives a possible trading interval of +/-$0.89 (+/-2.69%) up or down from last closing price. If NexPoint Residential Trust Inc takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.43 (1.24%) than the support at $30.95 (6.27%), 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.
Earnings coming up
NexPoint Residential Trust Inc will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.86. We will update the financials statements for NexPoint Residential Trust Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.91% in the first trading day after earnings release.
Is NexPoint Residential Trust Inc stock A Buy?
NexPoint Residential Trust Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.699 Hold/Accumulate Unchanged
Predicted Opening Price for NexPoint Residential Trust Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $33.08 ( 0.182%) | $33.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NXRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.06 | 3.15 % | |
| R2 | 33.69 | 2.02 % | ||
| R1 | 33.45 | 1.32 % | ||
| Current price: | 33.02 | |||
| Support | S1 | 32.71 | -0.95 % | |
| S2 | 32.47 | -1.65 % | ||
| S3 | 32.10 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 33.43 | 1.24 % | ||
| Current price | 33.02 | |||
| Support | S1 | 30.95 | -6.27% | |
| S2 | 29.95 | -9.30% | ||
| S3 | 29.88 | -9.51% |
NXRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.462 | 1.44% |
| 2 | Oct 31, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.460 | 1.34% |
| 3 | Jul 25, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.420 | 1.31% |
| 4 | Apr 25, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.420 | 0.92% |
| 5 | Feb 21, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.420 | 0.96% |
FAQ
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