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May 07, 2023
A quick look at Friday: the mixed-use property REIT went up to $14.61, gaining 2.81%.
Technical analysis shows that JBG SMITH Properties could be slowing down soon; it is getting close to the resistance line and is now at $14.75, only 14 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Trend-following investors would be interested to note that investors are seeking long positions as JBG SMITH price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that JBG SMITH's upper Bollinger Band® is at $14.7, this is a slight indication of a slowdown.
Overall, while JBG SMITH has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
A look at other real estate stocks also showed bullish price action as ProLogis traded at $127.25 after closing Friday's trading day at $124.88 (up 1.9%).
The US REIT is now trading 26.22% below its 3-month high of $26.87.
