Safehold Inc. Stock Forecast
Evaluation of Safehold Inc. stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Safehold Inc. stock price fell by -3.31% on the last day (Thursday, 25th Apr 2024) from $19.02 to $18.39. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.24% from a day low at $18.33 to a day high of $18.74. The price has fallen in 6 of the last 10 days and is down by -4.76% for this period. Volume has increased on the last day by 12 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, 212 thousand shares were bought and sold for approximately $3.90 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.90 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.69% during the next 3 months and, with a 90% probability hold a price between $16.52 and $19.12 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SAFE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.66%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Safehold Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.78 and $19.77. A break-up above any of these levels will issue buy signals. 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 Safehold Inc. stock
Safehold Inc. finds support from accumulated volume at $18.26 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 $0.410 between high and low, or 2.24%. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAFE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Safehold Inc. to open at $18.49, and during the day (based on 14 day Average True Range), to move between $17.75 and $19.03, which gives a possible trading interval of +/-$0.637 (+/-3.46%) up or down from last closing price. If Safehold Inc. takes out the full calculated possible swing range there will be an estimated 6.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.26 (0.71%) than the resistance at $19.68 (7.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Safehold Inc. stock A Buy?
Safehold Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.216 Sell Candidate Downgraded
Predicted Opening Price for Safehold Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $18.49 ( 0.526%) | $18.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAFE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.90 | 2.76 % | |
| R2 | 18.74 | 1.90 % | ||
| R1 | 18.64 | 1.38 % | ||
| Current price: | 18.39 | |||
| Support | S1 | 18.33 | -0.326 % | |
| S2 | 18.23 | -0.85 % | ||
| S3 | 18.08 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.51 | 16.97 % | |
| R2 | 20.60 | 12.02 % | ||
| R1 | 19.68 | 7.01 % | ||
| Current price | 18.39 | |||
| Support | S1 | 18.26 | -0.707% | |
| S2 | 18.09 | -1.63% | ||
| S3 | 0 | . |
SAFE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.177 | 0.96% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.177 | 0.82% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.177 | 1.08% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.177 | 0.712% |
| 5 | Mar 20, 2023 | Mar 29, 2023 | Mar 30, 2023 | $0.177 | 0.594% |
FAQ
Click here for our free guide on how to buy Safehold Inc. Stock.
