Sabra Healthcare REIT Stock Forecast
Green day on Tuesday for Sabra Healthcare REIT
(Updated on Apr 23, 2024)
The Sabra Healthcare REIT stock price gained 0.88% on the last trading day (Tuesday, 23rd Apr 2024), rising from $13.66 to $13.78. During the last trading day the stock fluctuated 1.47% from a day low at $13.65 to a day high of $13.85. The price has fallen in 6 of the last 10 days and is down by -3.7% for this period. Volume fell on the last day by -671 thousand shares and in total, 2 million shares were bought and sold for approximately $21.63 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 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 5.73% during the next 3 months and, with a 90% probability hold a price between $14.24 and $15.85 at the end of this 3-month period.
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SBRA Signals & Forecast
There are mixed signals in the stock today. The Sabra Healthcare REIT 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 $14.11. On a fall, the stock will find some support from the short-term average at $13.61. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.61%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Sabra Healthcare REIT stock
Sabra Healthcare REIT finds support from accumulated volume at $13.66 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 $0.200 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SBRA) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Sabra Healthcare REIT to open at $13.76, and during the day (based on 14 day Average True Range), to move between $13.50 and $14.06, which gives a possible trading interval of +/-$0.276 (+/-2.01%) up or down from last closing price. If Sabra Healthcare REIT takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.86 (0.58%) than the support at $13.66 (0.87%), 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.
Earnings coming up
Sabra Healthcare REIT will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.340. We will update the financials statements for Sabra Healthcare REIT, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.14% in the first trading day after earnings release.
Is Sabra Healthcare REIT stock A Buy?
Sabra Healthcare REIT holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.102 Sell Candidate Unchanged
Predicted Opening Price for Sabra Healthcare REIT of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $13.76 ( 0.145%) | $13.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBRA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.96 | 1.31 % | |
| R2 | 13.88 | 0.752 % | ||
| R1 | 13.84 | 0.409 % | ||
| Current price: | 13.78 | |||
| Support | S1 | 13.68 | -0.700 % | |
| S2 | 13.64 | -1.04 % | ||
| S3 | 13.56 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.13 | 2.54 % | |
| R2 | 13.88 | 0.726 % | ||
| R1 | 13.86 | 0.581 % | ||
| Current price | 13.78 | |||
| Support | S1 | 13.66 | -0.87% | |
| S2 | 13.52 | -1.89% | ||
| S3 | 13.43 | -2.54% |
SBRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 12, 2024 | Feb 29, 2024 | $0.300 | 2.16% |
| 2 | Nov 06, 2023 | Nov 16, 2023 | Nov 30, 2023 | $0.300 | 2.05% |
| 3 | Aug 07, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.300 | 2.39% |
| 4 | May 03, 2023 | May 15, 2023 | May 31, 2023 | $0.300 | 2.66% |
| 5 | Feb 01, 2023 | Feb 10, 2023 | Feb 28, 2023 | $0.300 | 2.52% |
FAQ
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