JBG SMITH gains 0.73% within $14.88 to $15.14 daily range

Today at a glance: generally flat but with a slight bullish bias, JBG SMITH ranged between $14.88 and $15.14 before closing higher at $15.12.

JBG SMITH is currently trading at $15.12 following the release of Existing Home Sales (Apr) data from the United States.

JBG SMITH's uptick comes amid good United States macroeconomic data released during the day — United States Initial Jobless Claims beat the 254,000 projections, with 242,000.

Meanwhile, United States Existing Home Sales (Apr) released today at 14:00 UTC with a figure of 4.28 million, while the previous figure was 4.43 million. United States Philadelphia Fed Manufacturing Index (May) came out at -10.4, while a consensus of analysts was expecting -19.8.

A study of JBG SMITH's historical price actions shows JBG SMITH Properties could be slowing down soon; it is getting close to the resistance line and is now at $15.18, only 6 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. JBG SMITH is currently trading around the $15.07 Fibonacci resistance level. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $15.29, thereby suggesting that JBG SMITH is becoming overvalued.

All in all, the technical analysis suggests JBG SMITH has no clear-cut direction.

While JBG SMITH was bullish today, the following real estate stocks underperformed: ProLogis went down 0.51%, closed at $122.7.

Furthermore, the market is looking at United States Fed Chair Powell speech is scheduled for tomorrow at 15:00 UTC.

The mixed-use property REIT has shed 19.86% over the past three months.