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May 22, 2023
After ending Friday at $15.18, JBG SMITH is currently trading at $15.46.
JBG SMITH Properties could be slowing down soon; it is getting close to the resistance line and is now at $15.35, only 10 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Although up today, early price action saw JBG SMITH dropping below its 3 day Simple Moving Average at $15.1 — an early indicator that a new downward trend could be emerging. JBG SMITH's upper Bollinger Band® is at $15.52, this is a slight indication of a slowdown.
Technical analysis suggests there could be an imminent reversal for JBG SMITH.
Rallies can also be seen in other real estate stocks, ProLogis is trading at $125.65 after ending Friday's session at $123.06 (up 2.1%).
The market is looking forward to the release of new data: United States New Home Sales (Apr) is scheduled for tomorrow at 14:00 UTC. United States Services PMI figure is projected at 52.6. It previously stood at 53.6; data will be released tomorrow at 13:45 UTC. United States Building Permits is expected tomorrow at 12:00 UTC.
Having soared to a high of $26.87 approximately 11 months ago, the US REIT is now trading 43.51% lower.
