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May 30, 2023
The US stock market is closed for the Memorial Day holiday and resumes today. Meanwhile, here is a recap of Friday: after ending Thursday at $13.9, JBG SMITH spiked to $14.19 Friday, dropped back to starting point range, and rallied again to $14.1.
United States Consumer Confidence data will be released today at 14:00 UTC, with an expected decline to 99.
JBG SMITH Properties failed to break through the $14.17 Fibonacci resistance level. Technical analysis shows that JBG SMITH could be slowing down soon as it approaches resistance at $14.23. Of course, crossing it might suggest further gains are ahead.
This rally in JBG SMITH's share price coincided with other real estate stocks as ProLogis was up 2.43%.
Also worthy of note, today at 14:00 UTC data for United States Consumer Confidence will be released, with an expected decline to 99 from the preceding figure of 101.3.
Furthermore, the market is looking at United States JOLTs Job Openings (Apr) will be released tomorrow at 14:00 UTC.
Having soared to a high of $26.87 approximately 11 months ago, the US REIT is now trading 48.27% lower.
