Schroder Real Estate Investment Trust Limited Forecast and Stock Analysis
Technical SREI.L stock analysis for March 22, 2019.
Schroder Real Estate Investment Trust Limited fell by -0.18% in the last day from £55.10 to £55.00 and has now fallen 5 days in a row. The price has fallen in 7 of the last 10 days and is down by -4.35% for this period. Volume has increased in the last day by 4.74 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 7.55 million shares bought and sold for approximately £415.50 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the SREI.L stock was £55.00. This is 0.18% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.10% from a day low at £54.50 to a day high of £55.10.
30 day high of the SREI.L stock price was £58.90 and low was £54.50.
90 day high was £59.40 and low was £53.10.
52 week high for the Schroder Real Estate Investment Trust Limited - £67.30 and low - £53.10.
Schroder Real Estate Investment Trust Limited lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £54.51 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 2.63% during the next 3 months and, with 90% probability hold a price between £55.95 and £61.39 at the end of this period.
There are few to none technical positive signals at the moment. Schroder Real Estate Investment Trust Limited holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £56.37 and £57.83. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 04, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 18 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Schroder Real Estate Investment Trust Limited finds support from accumulated volume at £54.80.
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 £0.60 (1.10%) between high and low. For the last week, the stock has had a daily average volatility of 1.26%.
Schroder Real Estate Investment Trust Limited is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Schroder Real Estate Investment Trust Limited stock holds several negative signals and despite the positive trend we believe Schroder Real Estate Investment Trust Limited will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.