JBG SMITH bulls in charge as markets close for Good Friday

Investors are currently sidelined due to the Good Friday holiday but will return to their desks today. Looking back over the previous session Thursday: the mixed-use property REIT rallied 1.84% and maintained $14.95.

Despite posting gains on Thursday, JBG SMITH Properties slid below its 21 day Simple Moving Average at $14.8 during the last session — an early indicator that a negative trend could be emerging. JBG SMITH could be slowing down soon as it approaches resistance at $15.11. Of course, crossing it might suggest further gains are ahead.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest JBG SMITH is set for a reversal in the coming days.

This rally in JBG SMITH's share price coincided with other real estate stocks as ProLogis traded at $122.75 after closing Thursday's trading day at $122.27 (up 0.39%).

Elsewhere, United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 16:00 UTC.

JBG SMITH hit a significant low of $13.62 around 18 days ago, but has since recovered 7.78%.