One Liberty Properties Inc Stock Forecast
One Liberty Properties Inc stock downgraded from Buy Candidate to Sell Candidate after Monday trading session.
(Updated on Apr 15, 2024)
The One Liberty Properties Inc stock price fell by -2.09% on the last day (Monday, 15th Apr 2024) from $22.03 to $21.57. During the last trading day the stock fluctuated 3.61% from a day low at $21.42 to a day high of $22.19. The price has been going up and down for this period, and there has been a -4.47% loss for the last 2 weeks. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 65 thousand shares were bought and sold for approximately $1.41 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.21 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.14% during the next 3 months and, with a 90% probability hold a price between $23.58 and $26.47 at the end of this 3-month period.
OLP Signals & Forecast
There are few to no technical positive signals at the moment. The One Liberty Properties Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $22.32 and $21.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -7.03%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). One Liberty Properties Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for One Liberty Properties Inc stock
One Liberty Properties Inc finds support from accumulated volume at $20.75 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 $0.773 between high and low, or 3.61%. For the last week the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OLP) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect One Liberty Properties Inc to open at $21.73, and during the day (based on 14 day Average True Range), to move between $21.07 and $22.07, which gives a possible trading interval of +/-$0.496 (+/-2.30%) up or down from last closing price. If One Liberty Properties Inc takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.03 (2.13%) than the support at $20.75 (3.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is One Liberty Properties Inc stock A Buy?
The One Liberty Properties Inc stock holds several negative signals and despite the positive trend, we believe One Liberty Properties Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.132 Sell Candidate Downgraded
Predicted Opening Price for One Liberty Properties Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $21.73 ( 0.731%) | $21.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OLP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.50 | 4.31 % | |
| R2 | 22.21 | 2.94 % | ||
| R1 | 22.02 | 2.10 % | ||
| Current price: | 21.57 | |||
| Support | S1 | 21.43 | -0.638 % | |
| S2 | 21.25 | -1.48 % | ||
| S3 | 20.96 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.74 | 5.42 % | |
| R2 | 22.34 | 3.57 % | ||
| R1 | 22.03 | 2.13 % | ||
| Current price | 21.57 | |||
| Support | S1 | 20.75 | -3.80% | |
| S2 | 20.24 | -6.17% | ||
| S3 | 20.20 | -6.35% |
OLP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2024 | Mar 26, 2024 | Apr 04, 2024 | $0.450 | 2.01% |
| 2 | Dec 05, 2023 | Dec 19, 2023 | Jan 05, 2024 | $0.450 | 2.07% |
| 3 | Sep 20, 2023 | Oct 02, 2023 | Oct 11, 2023 | $0.450 | 2.37% |
| 4 | Jun 13, 2023 | Jun 23, 2023 | Jul 06, 2023 | $0.450 | 2.21% |
| 5 | Mar 13, 2023 | Mar 24, 2023 | Apr 04, 2023 | $0.450 | 2.02% |
FAQ
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