A quick look at yesterday: JBG SMITH ended Monday’s session at $19.54. yesterday started with an increase to $20, but dropped back and closed at $19.84.
United States Building Permits is next today at 13:00 UTC.
Meanwhile, United States API Weekly Crude Oil Stock came out at -4.8 million, while a consensus of analysts was expecting -2.2 million. United States 7-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.89, while the previous figure was 4.027.
JBG SMITH Properties’s upper Bollinger Band® is at $20.21, this is a slight indication of a slowdown.
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.
A look at other real estate stocks also showed bullish price action as ProLogis was up 0.72%.
While JBG SMITH was bullish yesterday, the following real estate stocks underperformed: American Tower Corporation (REIT) went down 0.81%, closed at $219.91.
Yesterday’s gains have given market bulls further impetus to expect strong macro data going forward, such as United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%, having previously been at -0.5%. The figure will be published today at 13:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -1 million. It previously stood at -5.4 million; data will be released today at 15:30 UTC.
Also worthy of note, United States New Home Sales (Oct) will be released today at 15:00 UTC.
JBG SMITH hit a significant low of $17.71 around a month ago, but has since recovered 10.33%.