small-cap

One NYSE- Listed REIT Stock at Resistance Level: MDV

Aug 27, 2024 | Team Kalkine

Read Time :5 min

One NYSE- Listed REIT Stock at Resistance Level: MDV

MDV:NYSE

Investment Type

Small-Cap

Risk Level

Action

Rec. Price (US$)

Modiv Industrial, Inc.

Modiv Industrial, Inc. (NYSE: MDV) is an internally managed real estate investment trust (REIT), which is focused on single-tenant net-lease industrial manufacturing real estate.

As per our previous US Dailies report published on ‘MDV’ on 2^ndMay 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 14.90 based on technical analysis and the stock price has now moved by ~10% since then and is trading above resistance 1.

Noted below are the details of support and resistance levels provided in our previous report:

MDV’s Daily Chart

Considering the current trading levels, risks associated, and volatile market conditions on the back of higher interest rates, an ‘Sell’ rating is assigned to the “MDV” at the current market price of USD 16.74 as of Aug 27, 2024 (8:15 am PDT).

Note: This report may be updated with details around fundamental and technical analysis, price chart in due course, as appropriate.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is Aug 27, 2024 (8:15 am PDT). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Small-Cap

One NASDAQ- Listed Aerospace & Defense Stock at Decent Technical Levels – ARBE Robotics