Yesterday at a glance: after closing the previous trading day at $19.4 and dropping to $18.43, JBG SMITH closed yesterday at $19. By the end of the session, JBG SMITH gave up a total of 2.06%.
Non Farm Payrolls data from United States will be released today at 12:30 UTC with analysts expecting a decline to 200,000. Potentially significant price fluctuations in JBG SMITH are expected to follow.
This down-slide takes place while positive United States macroeconomics indicators data was published earlier – data for United States Initial Jobless Claims published yesterday at 12:30 UTC came out at 217,000, beating projections of 220,000 and showing improvement over the preceding figure of 218,000.
Amid the market gloom, United States ISM Non-Manufacturing PMI (Oct) came out at 54.4, while a consensus of analysts was expecting 55.5. New Factory Orders data from United States matched market expectations with a reading of 0.3% — a positive step in contrast to previous data of 0.2% from last month.
Despite being in the red so far in the current trading session, JBG SMITH Properties peaked above its 21 day Simple Moving Average around $18.88 — typically an early indicator of a new bullish trend beginning to emerge. Although JBG SMITH is pointing down today (was as low as $18.43), it's climbing away from the $18.55 support line and is now 45 cents above it.
Overall, looking at the technical analysis landscape, it seems JBG SMITH —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
Looking ahead, ongoing depreciation may be prolonged as as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 200,000, following on from the preceding figure of 263,000. New data is set to be published today at 12:30 UTC. Projections for United States Unemployment Rate are set for a continuation of decline with 3.6 while previous data was 3.5; data will be released today at 12:30 UTC.
After hitting an important low of $17.71 approximately 25 days ago, JBG SMITH has bounced back 9.54% since.