JBG SMITH is on a 6 day bullish run gaining $1.29 (7.74%). Today's session pointed in the same direction — after dipping down to $18.95, JBG SMITH regained earlier losses and closed at $19.08.
At the same time, United States API Weekly Crude Oil Stock came out at -1.27 million, while a consensus of analysts was expecting 1.55 million. United States TIC Net Long-Term Transactions (Aug) released today at 20:00 UTC with a figure of 197.9 billion, while the previous figure was 21.4 billion. United States Industrial Production beat analyst expectations of 0.1% and the previous reading of -0.1% with new data of 0.4%.
Despite posting gains on today, JBG SMITH Properties slid below its 21 day Simple Moving Average at $19.03 during the last session — an early indicator that a negative trend could be emerging. Although JBG SMITH is appreciating today after rising as high as $19.46, price action is now slowing and consolidating around 60 cents below the $19.68 resistance level.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest JBG SMITH is set for a reversal in the coming days.
Furthermore, the market is looking at United States Crude Oil Inventories expected to decline to 1.55 million while its preceding data was 9.88 million, data will be available tomorrow at 14:30 UTC.
Furthermore, the market is looking at United States Building Permits (Sep) is expected tomorrow at 12:30 UTC.
Having set a significant high of $30.76 8 days ago, JBG SMITH is trading 7.28% lower.