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BRT Apartments Corp. (MD) (BRT)

BRT stock forecast: buy or sell

Close on Sep 25th, 2020
$11.6 0.02%
3 months performance
0.09%
Published: September 28th, 2020 - 7.25am EDT

BRT stock outlook

  • BRT Apartments Corp. (MD) closed last Friday at $11.60 (1.93%) prior to presenting financial results at
  • The stock is configuring an uptrend pattern since last March, when it bottomed at $5.63. Up to date, the uptrend made a 106.04% gain since the beginning of this rally
  • BRT is a real estate investment trust that owns, operates and develops multi-family properties.

Disclaimer:
The viewpoints contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the individual circumstances of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for general educational reasons only

BRT stock charts

Should I buy BRT Apartments Corp. (MD) stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is BRT stock a buy?

In the current situation of BRT Apartments Corp. (MD) there is just one buy setup eligible:

Uptrend buy setup

BRT Apartments Corp. (MD) stock is in an uptrend since last March that so far marked a gorgeous 106% gain. Price marked a pull back in this uptrend at $11.05 last Thursday, and since then it bounced off a 4.98%. Breaking out over $13.81 - it's last top - will be a good entry point if BRT Apartments Corp. (MD) resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $12.43

Buy setupBuy pointStop lossRisk
Uptrend buy setup$13.81$12.4310%

Should I sell BRT Apartments Corp. (MD) stock?

When is it time to sell BRT Apartments Corp. (MD)?. Just as when we have to buy shares, choosing when is appropiate time to sell is not a whimsical decision, and we must use our own trading strategy. We like very simple setups to guide us on when is the best moment to sell a stock. Be aware that these setups are not intended for shorting BRT Apartments Corp. (MD) stock

As a rule of thumb, you should never hold a trading operation that results in greater losses than those expected at the time of the buy. When to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell BRT Apartments Corp. (MD) stock?

In the current situation of BRT Apartments Corp. (MD) there is not any eligible sell setup, so BRT Apartments Corp. (MD) stock holders with operations in green can keep their positions

Analysts' recommendations to buy or sell BRT Apartments Corp. (MD) stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month, just one rating was published for BRT Apartments Corp. (MD)

BRT Apartments Corp. (MD) ratings

Brokerage firmRating
Sep 10th, 2020
JMP Securities

Technical analysis

Since last March, BRT Apartments Corp. (MD) has been printing an uptrend that by now marked an amazing 106.04%. The price line shows higher highs and higher lows, and along the way provided some buy points for those who wanted to enter. Latest pullback was last Thursday, when price bounced at $11.05. Like in all uptrends, price needs to rest and currently price is moving in a range between $13.81 and $11.05

SMAs overview

A favorite tool of many trading systems are the moving averages, that easily show market momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages. Further about Moving Averages from sources like Wikipedia and Investopedia

BRT SMAs chart

Supports and resistances

Market investors use supports and resistances to identify price points on a chart that may work as obstacles, containing the price of an asset to move up or down. Supports are levels where the price tends to stop as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down the support, it is likely to continue declining until approaching another support level. In contrast, resistances are where the price tends to find resistance as it rises. Again, the price is more likely to "rebound" at this level, and if it finally breaches this level, the price will climb more easily until it meets the next resistance

The current resistances are:

  • R1: $11.60 (0% above)
  • R2: $11.64 (0.34% above)
  • R3: $11.67 (0.6% above)
  • The current supports are:

  • S1: $11.58 (-0.17% below)
  • S2: $11.47 (-1.12% below)
  • S3: $11.46 (-1.21% below)
  • Bollinger bands

    So-called Bollinger bands are a widely known studio designed by John Bollinger. By essence, the Bollinger Bands are lines that run around a centralmoving averagediffering in distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price broke down the lower band last Thursday, the price rebounded by 4.98%. The price is trading near to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks

    BRT RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to map the current and previous strength or weakness of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 in early September after just crossing to the overbough zone for just one day (weak signal). The RSI value last Friday was 43.91. Since then, BRT Apartments Corp. (MD) price tanked a 15.39%

    BRT RSI chart

    Earnings and financials

    Q2 financial event was hosted by BRT in mid-June after presenting the financial report. BRT underperformed analysts estimates and reported a per-share earnings of %s of $-0.29, that is a -38.1% less than the previous forecasts of $-0.21. Reported sales were $5.4 million compared to estimates of $13.4 million.

    This compares to earnings of $-0.27 per share same quarter last year, so posted EPS is a reduction of -7.41%. Looking at revenue, figures collapsed a -83.53% compared to $33.0M same quarter a year ago.

    BRT releases earnings report. Financial reporting day has an additional risk for stock investors as the results provided can gap up or down the shares price with exceptionally low volume and not respecting your buy/stop-loss orders. You can probably find more details about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.brtapartments.com.

    BRT revenues and profits chart