Enduring a bearish run, JBG SMITH closed at $14.68 to complete yesterday's session

While on a 4 day downtrend With a marginal improvement upon yesterday's session, without a clear direction, JBG SMITH closed at $14.68 while ranging between $14.56 and $14.82.

United States Initial Jobless Claims is next.

Uncertainty around JBG SMITH is reflected by published market data as highly important Crude Oil Inventories data from United States beat analyst expectations of -2.33 million with a reading of -3.74 million. United States ISM Non-Manufacturing PMI (Mar) came out at 51.2, while a consensus of analysts was expecting 54.5. United States ADP Nonfarm Employment Change (Mar) released yesterday at 12:15 UTC with a figure of 145,000, while the previous figure was 261,000.

JBG SMITH Properties made an initial breakout above its 5 day Simple Moving Average at $14.78, a potential indicator of a newly emerging bullish phase. JBG SMITH is approaching key support, around 13 cents away from $14.55. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite muted price action in JBG SMITH, chart analysis indicates it is positioned for a bullish run in the short term.

Meanwhile, mixed performances were seen by other real estate stocks as ProLogis went down to $122.27, losing 1.46% after it closed at $124.08 yesterday.

Data to be released today might clear up some of the market fog as tomorrow at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 239,000 from the preceding figure of 311,000. United States Initial Jobless Claims expected to decline to 200,000 while its preceding data was 198,000, data will be available today at 12:30 UTC. United States Unemployment Rate is expected tomorrow at 12:30 UTC.

JBG SMITH hit a significant low of $13.62 around 14 days ago, but has since recovered 7.64%.