Igr target price
9/1/2024 07:47pm
The target price for CBRE Global Real Estate Income Fund (IGR) is currently unavailable. However, based on the latest information, the sentiment is bullish, with technical indicators suggesting a potential rise in the stock price. Here's an analysis of the current situation:
1. **Bullish Sentiment**: The general sentiment for IGR is bullish, with 22 technical analysis indicators signaling bullish signals and none indicating bearish signals.
2. **Price Forecast**: The forecasted price for IGR for September 6, 2024, is $6.62, which represents a 3.72% increase from the current price. This forecast is based on a bullish sentiment and historical growth trends.
3. **Support Levels**: IGR has found support at $5.85, with the next support level from accumulated volume at $6.33. These levels are crucial for the stock's stability and can influence the stock's potential to rise or fall.
4. **Volatility**: The stock has shown a price volatility of 4.33% over the last 30 days, indicating a level of market activity that could impact the stock's price movements.
In conclusion, while the specific target price for IGR is not available, the bullish sentiment and recent price movements suggest a potential for the stock to rise towards the forecasted price of $6.62 by September 6, 2024. Investors should monitor the stock's performance relative to the support levels and overall market conditions.