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June 18, 2023
A quick look at Friday: pronounced bearish sentiment in the market pushed the mixed-use property REIT into a notable 0.65% slide Friday, falling 10 cents and ultimately closing at $15.35.
JBG SMITH Properties made an initial break below its 5 day Simple Moving Average at $15.38, a possible indication of a forthcoming negative trend. On the other hand, note that JBG SMITH could begin to recover as it approaches significant support, now 14 cents away from $15.21. Dipping below could be an indication that further losses are ahead.
Looking forward, JBG SMITH is poised to extend its strong downtrend and continue declining.
On the other hand, positive performances could be seen by looking at other real estate stocks as ProLogis traded at $122.63 after closing Friday's trading day at $121.72 (up 0.75%).
The US REIT has fallen back around 39.27% over the past 10 months, from a notable high of $25.44.
