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May 14, 2023
A quick look at Friday: the US REIT has recovered almost all of its session losses after dipping down to $14.67 Friday.
JBG SMITH Properties made an initial break below its 5 day Simple Moving Average at $14.68, a possible indication of a forthcoming negative trend. JBG SMITH's upper Bollinger Band® is at $15.08 which indicates a further downward move may follow. Despite this, JBG SMITH could begin to recover as it approaches significant support, now 16 cents away from $14.64. Dipping below could be an indication that further losses are ahead.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for JBG SMITH.
JBG SMITH was not the only decliner in the real estate sector; ProLogis closed at $125.17 (down 0.45%).
The US REIT is now trading 23.11% below its 3-month high of $26.87.
