Whitestone REIT Stock Forecast
Stronger technical forecast for Whitestone REIT stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Whitestone REIT stock price gained 1.92% on the last trading day (Wednesday, 27th Mar 2024), rising from $12.00 to $12.23. During the last trading day the stock fluctuated 2.46% from a day low at $11.97 to a day high of $12.27. The price has fallen in 6 of the last 10 days and is down by -1.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 66 thousand more shares were traded than the day before. In total, 348 thousand shares were bought and sold for approximately $4.25 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Whitestone REIT stock with a 90% probability to be traded between $11.35 and $12.87 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WSR Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 2.60%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Whitestone REIT stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.30. On a fall, the stock will find some support from the short-term average at $12.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Whitestone REIT stock
Whitestone REIT finds support from accumulated volume at $12.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.295 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $11.59 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (WSR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Whitestone REIT to open at $12.16, and during the day (based on 14 day Average True Range), to move between $11.97 and $12.49, which gives a possible trading interval of +/-$0.261 (+/-2.14%) up or down from last closing price. If Whitestone REIT takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.22 (0.08%) than the resistance at $12.30 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Whitestone REIT stock A Buy?
Whitestone REIT holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.500 Hold/Accumulate Upgraded
Predicted Opening Price for Whitestone REIT of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$12.16 ( 0.613%) | $12.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.45 | 1.80 % | |
R2 | 12.34 | 0.88 % | ||
R1 | 12.27 | 0.308 % | ||
Current price: | 12.23 | |||
Support | S1 | 12.04 | -1.53 % | |
S2 | 11.97 | -2.10 % | ||
S3 | 11.86 | -3.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.00 | 6.30 % | |
R2 | 12.70 | 3.84 % | ||
R1 | 12.30 | 0.572 % | ||
Current price | 12.23 | |||
Support | S1 | 12.22 | -0.0818% | |
S2 | 12.05 | -1.47% | ||
S3 | 11.99 | -1.96% |
WSR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 01, 2024 | Apr 11, 2024 | $0.0413 | 0.337% |
2 | Dec 05, 2023 | Mar 01, 2024 | Mar 14, 2024 | $0.0400 | 0.331% |
3 | Feb 01, 2024 | Feb 01, 2024 | Feb 12, 2024 | $0.0400 | 0.313% |
4 | Jan 03, 2024 | Jan 03, 2024 | Jan 11, 2024 | $0.0400 | 0.334% |
5 | Sep 06, 2023 | Dec 01, 2023 | Dec 12, 2023 | $0.0400 | 0.344% |
FAQ
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