Spirit Realty Capital Inc Forecast and Stock Analysis
Technical SRC stock analysis for February 15, 2019.
|Shorts||1.49% ( 2019-01-31 )|
Spirit Realty Capital Inc gained 1.71% in the last trading day, rising from $39.79 to $40.47 , and 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. The price has risen in 7 of the last 10 days and is up by 2.2% 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, 394 526 more shares were traded than the day before. In total, 774 886 shares bought and sold for approximately $31.36 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SRC stock was $40.47. This is 1.71% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.02% from a day low at $39.67 to a day high of $40.47.
30 day high of the SRC stock price was $40.47 and low was $36.69.
90 day high was $40.47 and low was $7.22.
52 week high for the Spirit Realty Capital Inc - $40.47 and low - $7.22.
Spirit Realty Capital Inc lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $36.60 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 130.47% during the next 3 months and, with 90% probability hold a price between $84.35 and $154.04 at the end of this period.
Only positive signals in the chart today. Spirit Realty Capital 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 $39.82 and $37.80. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday February 12, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
Spirit Realty Capital Inc finds support from accumulated volume at $39.72.
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 $0.80 (2.02%) between high and low. For the last week, the stock has had a daily average volatility of 1.93%.
Our recommended stoploss: $38.54 (-4.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
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Evaluation: Strong Buy Candidate
Spirit Realty Capital Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.