JBG SMITH ended the session at $14.32, continuing its bearish run

Having fallen $1.44 in 4 days, Friday's session continued down the same path: during Friday's session, JBG SMITH toiled and struggled for upward momentum before closing at $14.32. By the close, the the US REIT suffered a 54 cents or 3.63% loss.

The Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. JBG SMITH has just crossed the lower Bollinger Band® at $14.41, indicating further losses could be forthcoming.

Several technical indicators are adding weight to the bearish momentum seen Friday and forecasting JBG SMITH to extend its recent losses.

JBG SMITH was not the only decliner in the real estate sector; ProLogis lost 3.38% Friday and closed at $116.03.

Pointing downwards for around a month. The US REIT has lost 3.63% over the last 9 days.