Rmr Real Estate Income Fund Forecast and Stock Analysis
Technical RIF stock analysis for Friday May 24, 2019.
|Shorts||0.79% ( 2014-11-28 )|
|Price to book||USD 0.95|
|Next Earnings Date||n/a|
Rmr Real Estate Income Fund gained 0.48% in the last trading day ( Friday, 24th May 2019 ), rising from $18.71 to $18.80 During day the stock fluctuated 0.37% from a day low at $18.80 to a day high of $18.87. The price has risen in 6 of the last 10 days and is up by 0.86% over the past 2 weeks. Volume fell in the last day by -24 491 shares, and in total, 9 506 shares bought and sold for approximately $178 713.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the RIF stock price was $18.88 and low was $18.22.
- 90 day high was $18.92 and low was $17.76.
- 52 week high for the Rmr Real Estate Income Fund - $19.13 and low - $14.53.
Rmr Real Estate Income Fund lies in the middle of a weak 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 2.5% during the next 3 months and, with 90% probability hold a price between $18.52 and $19.54 at the end of this period.
Rmr Real Estate Income Fund 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 $18.71 and $18.53. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
Rmr Real Estate Income Fund finds support from accumulated volume at $18.75.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $17.87 (-4.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
0.78 %Average volatility
Very Low Low Medium High Very High
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.
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