JBG SMITH currently down 1.4% halfway through today

The mixed-use property REIT is trading close to the $13.69 level today, after ending yesterday at $13.88 and dropping 1.4%.

United States's Consumer Confidence new data released of 101.3 below its previous figure.

Following a previous reading of 104, Consumer Confidence in United States released today at 14:00 UTC fell short of the 104 figure expected by analysts with an actual reading of 101.3.

Meanwhile, United States New Home Sales (Mar) released today at 14:00 UTC with a figure of 683,000, while the previous figure was 623,000. United States Building Permits came out at 1.43 million, while a consensus of analysts was expecting 1.41 million.

JBG SMITH Properties made an initial break below its 3 day Simple Moving Average at $13.81, a possible indication of a forthcoming negative trend. Despite this, although JBG SMITH is down today and was as low as $13.55, it seems to be recovering slightly and climbing away from the $13.72 support line and is now 3 cents above it. When "Bullish Engulfing” is detected at the bottom of a bearish trend, it is typically indicative of a trend reversal.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for JBG SMITH.

In the meantime, negative performances are also seen in other real estate stocks as ProLogis is down to $121.31, losing 1.52%, after ending yesterday at $123.19.

Looking ahead, ongoing depreciation may be prolonged as tomorrow at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of -0.1%.

Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million, having previously been at -4.58 million. The figure will be published tomorrow at 14:30 UTC.

The US REIT is now trading 27.75% below its 3-month high of $27.72.