Saia Stock Forecast
Stronger technical forecast for Saia stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Saia stock price gained 2.88% on the last trading day (Thursday, 25th Apr 2024), rising from $527.83 to $543.02. During the last trading day the stock fluctuated 6.24% from a day low at $517.19 to a day high of $549.45. The price has fallen in 7 of the last 10 days and is down by -7.64% for this period. Volume fell on the last day by -138 thousand shares and in total, 635 thousand shares were bought and sold for approximately $344.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.31% during the next 3 months and, with a 90% probability hold a price between $548.97 and $695.83 at the end of this 3-month period.
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SAIA Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Saia stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $571.88. On a fall, the stock will find some support from the short-term average at $531.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -10.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Saia stock
Saia finds support from accumulated volume at $534.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $32.27 between high and low, or 6.24%. For the last week, the stock has had daily average volatility of 5.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAIA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Saia to open at $536.55, and during the day (based on 14 day Average True Range), to move between $521.15 and $564.89, which gives a possible trading interval of +/-$21.87 (+/-4.03%) up or down from last closing price. If Saia takes out the full calculated possible swing range there will be an estimated 8.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $534.51 (1.57%) than the resistance at $568.00 (4.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Saia will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.43. We will update the financials statements for Saia, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.32% in the first trading day after earnings release.
Is Saia stock A Buy?
The Saia stock holds several negative signals and despite the positive trend, we believe Saia will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.401 Sell Candidate Upgraded
Predicted Opening Price for Saia of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $536.55 ( 1.19%) | $543.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAIA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 568.82 | 4.75 % | |
| R2 | 556.49 | 2.48 % | ||
| R1 | 548.88 | 1.08 % | ||
| Current price: | 543.02 | |||
| Support | S1 | 524.23 | -3.46 % | |
| S2 | 516.61 | -4.86 % | ||
| S3 | 504.29 | -7.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 605.92 | 11.58 % | |
| R2 | 604.77 | 11.37 % | ||
| R1 | 568.00 | 4.60 % | ||
| Current price | 543.02 | |||
| Support | S1 | 534.51 | -1.57% | |
| S2 | 527.83 | -2.80% | ||
| S3 | 450.58 | -17.02% |
FAQ
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