Technical Analysis for GR1T - GRIT Real Estate Income Group

Grade Last Price % Change Price Change
F 20.00 0.00% 0.00
GR1T closed unchanged on Friday, April 12, 2024, on 15 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Doji - Bearish? Reversal 0.00%
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%

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Profile

GRIT Real Estate Income Group Description

Grit is listed on the London Stock Exchange main market (LSE: GR1T), the Johannesburg Stock Exchange main board (JSE: GTR) and the Stock Exchange of Mauritius Ltd official market (SEM: DEL.N0000). Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). By investing in real estate assets across Africa, the Company is building a secure financial future for schools, employees, non-profit organisations, and the like. As such, Grit is unlocking potential across the African continent in an effort to anchor communities and create sustainable jobs. The company's high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors. The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company is targeting 8.5%+ p.a. dividend yield in USD and 12.0%+ p.a. NAV total return.


Classification

Sector: Real Estate
Industry: Real Estate Services

Is GR1T a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 33.3761
52 Week Low 12.4411
Average Volume 24,355
200-Day Moving Average 26.05
50-Day Moving Average 21.25
20-Day Moving Average 20.91
10-Day Moving Average 20.44
Average True Range 0.88
RSI (14) 25.37
ADX 18.92
+DI 10.54
-DI 22.06
Chandelier Exit (Long, 3 ATRs) 20.05
Chandelier Exit (Short, 3 ATRs) 21.63
Upper Bollinger Bands 22.10
Lower Bollinger Band 19.73
Percent B (%b) 0.11
BandWidth 11.31
MACD Line -0.36
MACD Signal Line -0.22
MACD Histogram -0.1389
Fundamentals Value
Market Cap 95.94 Million
Num Shares 480 Million
EPS -0.04
Price-to-Earnings (P/E) Ratio -500.00
Price-to-Sales 1.45
Price-to-Book 0.39
Dividend 0.02
Dividend Yield 0.10%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.50
Resistance 3 (R3) 21.33 20.67 21.25
Resistance 2 (R2) 20.67 20.28 20.75 21.17
Resistance 1 (R1) 20.33 20.05 20.50 20.50 21.08
Pivot Point 19.67 19.67 19.75 19.75 19.67
Support 1 (S1) 19.33 19.28 19.50 19.50 18.92
Support 2 (S2) 18.67 19.05 18.75 18.83
Support 3 (S3) 18.33 18.67 18.75
Support 4 (S4) 18.50