WSR Forecast and Technical Stock Analysis
Hold candidate since 2019-07-18Whitestone REIT gained 0.08% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $12.67 to $12.68 , and has now gained 3 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 day the stock fluctuated 0.95% from a day low at $12.60 to a day high of $12.72. The price has been going up and down for this period, and there has been a -0.31% loss for the last 2 weeks. Volume fell in the last day by -35 160 shares, and in total, 163 164 shares bought and sold for approximately $2.07 million. 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.
Quick summary:
- 30 day high of the WSR stock price was $13.04 and low was $12.30.
- 90 day high was $13.13 and low was $12.00.
- 52 week high for the Whitestone REIT - $14.65 and low - $11.50.
Trend
Whitestone REIT is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend you can expect Whitestone REIT with 90% probability to be traded between $12.49 and $13.18 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals
A buy signal was issued from a pivot bottom point on Tuesday July 16, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and 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. Whitestone REIT holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $12.71 and $12.69. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 55 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Whitestone REIT finds support from accumulated volume at $12.67.
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 $0.12 (0.95%) between high and low. For the last week, the stock has had a daily average volatility of 1.08%.
Our recommended stoploss: $12.00 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
1.08 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
Whitestone REIT holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
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