RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SB
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Red day on Wednesday for Safe Bulkers Inc stock after losing 0.402%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 06, 2024 Gain 19.81% PDF

The Safe Bulkers Inc stock price fell by -0.402% on the last day (Wednesday, 27th Mar 2024) from $4.98 to $4.96. During the last trading day the stock fluctuated 2.45% from a day low at $4.90 to a day high of $5.02. The price has fallen in 5 of the last 10 days and is down by -0.8% for this period. Volume has increased on the last day by 169 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $5.52 million.

The stock lies in the middle of a wide and strong 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 32.59% during the next 3 months and, with a 90% probability hold a price between $6.20 and $6.91 at the end of this 3-month period.

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SB Signals & Forecast

The Safe Bulkers Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $5.02. On a fall, the stock will find some support from the long-term average at approximately $4.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -3.31%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Safe Bulkers Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.60 and $4.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Safe Bulkers Inc finds support just below today's level at $4.60. If this is broken, then the next support from accumulated volume will be at $4.25 and $4.19.

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 $0.120 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.04%.

Our recommended stop-loss: $4.76 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (SB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Safe Bulkers Inc to open at $4.96, and during the day (based on 14 day Average True Range), to move between $4.83 and $5.09, which gives a possible trading interval of +/-$0.130 (+/-2.61%) up or down from last closing price. If Safe Bulkers Inc takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.98 (0.40%) than the support at $4.60 (7.26%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Safe Bulkers Inc stock A Buy?

Safe Bulkers Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.705 Hold/Accumulate Unchanged

Predicted Opening Price for Safe Bulkers Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$4.96 ( 0%) $4.96

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.08 2.42 %
R2 5.03 1.50 %
R1 5.01 0.92 %
Current price: 4.96
Support S1 4.91 -0.92 %
S2 4.89 -1.50 %
S3 4.84 -2.42 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.04 1.61 %
R2 5.03 1.41 %
R1 4.98 0.403 %
Current price 4.96
Support S1 4.60 -7.26%
S2 4.25 -14.31%
S3 4.19 -15.52%

SB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 12, 2024 Feb 29, 2024 Mar 19, 2024 $0.0500 1.01%
2 Nov 07, 2023 Nov 24, 2023 Dec 14, 2023 $0.0500 1.32%
3 Jul 26, 2023 Aug 17, 2023 Sep 01, 2023 $0.0500 1.56%
4 May 10, 2023 May 25, 2023 Jun 07, 2023 $0.0500 1.42%
5 Feb 14, 2023 Feb 28, 2023 Mar 17, 2023 $0.0500 1.50%

FAQ

What is the symbol for Safe Bulkers Inc Stock and on which exchange is it traded?
The symbol for Safe Bulkers Inc is SB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Safe Bulkers Inc Stock?
Safe Bulkers Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Safe Bulkers Inc Stock?
Safe Bulkers Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Safe Bulkers Inc Stock.

What's the current price of Safe Bulkers Inc Stock?
As of the end of day on the 2024-03-27, the price of an Safe Bulkers Inc (SB) share was $4.96.

What is the 52-week high and low for Safe Bulkers Inc Stock?
The 52-week high for Safe Bulkers Inc Stock is $5.15 and the 52-week low is $2.97.

What is the market capitalization of Safe Bulkers Inc Stock?
As of the 2024-03-27, the market capitalization of Safe Bulkers Inc is 555.853M.

When is the next earnings date for Safe Bulkers Inc?
The upcoming earnings date for Safe Bulkers Inc is May 08, 2024.
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About Safe Bulkers Inc

Safe Bulkers Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels,... SB Profile

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