Whitestone REIT Forecast and Stock Analysis
Technical WSR stock analysis for February 15, 2019.
| Shorts | 7.76% ( 2019-01-31 ) |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.20 |
| ROA | 1.34 |
Whitestone REIT gained 0.98% in the last trading day, rising from $14.25 to $14.39 The price has fallen in 5 of the last 10 days , but is still up by 2.13% 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, 362 427 more shares were traded than the day before. In total, 362 427 shares bought and sold for approximately $5.22 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the WSR stock was $14.39. This is 0.98% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.33% from a day low at $14.25 to a day high of $14.44.
30 day high of the WSR stock price was $14.55 and low was $13.66.
90 day high was $14.55 and low was $11.91.
52 week high for the Whitestone REIT - $14.55 and low - $10.06.
Trend
Whitestone REIT lies in the middle of a wide and 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 2.87% during the next 3 months and, with 90% probability hold a price between $12.51 and $15.50 at the end of this period.
Signals
Only positive signals in the chart today. Whitestone REIT 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 $14.26 and $13.71. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 14, 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 67 and the stock is currently not being overbought or oversold
Support & Resistance
Whitestone REIT finds support from accumulated volume at $14.38.
Risk
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 $0.19 (1.33%) between high and low. For the last week, the stock has had a daily average volatility of 1.39%.
Our recommended stoploss: $13.62 (-5.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 23 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Buy Candidate
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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
