Yesterday JBG SMITH increased by 2.47%, ended the session at $14.08

Yesterday at a glance: bullish sentiment helped the US REIT to hammer out a noteworthy $13.62 to $14.16 range yesterday, and finally closing at $14.08 to end the session.

Meanwhile, United States TIC Net Long-Term Transactions (Feb) released yesterday at 20:00 UTC with a figure of 71 billion, while the previous figure was 31.9 billion. United States NY Empire State Manufacturing Index (Apr) came out at 10.8, while a consensus of analysts was expecting -18.

JBG SMITH Properties made an initial breakout above its 3 day Simple Moving Average at $14, a potential indicator of a newly emerging bullish phase. On the other hand, note that although JBG SMITH is appreciating today after rising as high as $14.16, price action is now slowing and consolidating around 21 cents below the $14.29 resistance level.

Overall, looking at the technical analysis landscape, it seems JBG SMITH might continue pointing upwards in the short term.

This rally in JBG SMITH's share price coincided with other real estate stocks as ProLogis was up 2.82%.

Furthermore, the market is looking at projections for United States Crude Oil Inventories are set for a continuation of decline with -2.46 million while previous data was 597,000; data will be released tomorrow at 14:30 UTC.

Elsewhere, United States Building Permits (Mar) scheduled to come out today at 12:30 UTC.

The mixed-use property REIT is now trading 27.91% below its 3-month high of $27.77.