Seritage Growth Properties Stock Forecast
Seritage Growth Properties stock upgraded to Buy Candidate.
(Updated on May 06, 2024)
The Seritage Growth Properties stock price gained 1.07% on the last trading day (Monday, 6th May 2024), rising from $9.31 to $9.41. During the last trading day the stock fluctuated 2.49% from a day low at $9.22 to a day high of $9.45. The price has been going up and down for this period, and there has been a 1.29% gain for the last 2 weeks. Volume fell on the last day by -57 thousand shares and in total, 283 thousand shares were bought and sold for approximately $2.66 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Seritage Growth Properties stock with a 90% probability to be traded between $8.60 and $9.68 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SRG Signals & Forecast
Mostly positive signals in the chart today. The Seritage Growth Properties stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $9.33 and $9.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Seritage Growth Properties stock
Seritage Growth Properties finds support from accumulated volume at $9.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.230 between high and low, or 2.49%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: $8.94 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SRG) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Seritage Growth Properties to open at $9.36, and during the day (based on 14 day Average True Range), to move between $9.24 and $9.58, which gives a possible trading interval of +/-$0.174 (+/-1.85%) up or down from last closing price. If Seritage Growth Properties takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.38 (0.32%) than the resistance at $9.45 (0.43%), 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
Seritage Growth Properties will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Seritage Growth Properties, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.23% in the first trading day after earnings release.
Is Seritage Growth Properties stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Seritage Growth Properties stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.472 Buy Candidate Upgraded
Predicted Opening Price for Seritage Growth Properties of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $9.36 ( 0.531%) | $9.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.59 | 1.91 % | |
| R2 | 9.50 | 0.98 % | ||
| R1 | 9.45 | 0.402 % | ||
| Current price: | 9.41 | |||
| Support | S1 | 9.27 | -1.47 % | |
| S2 | 9.22 | -2.04 % | ||
| S3 | 9.13 | -2.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.64 | 2.44 % | |
| R2 | 9.58 | 1.81 % | ||
| R1 | 9.45 | 0.425 % | ||
| Current price | 9.41 | |||
| Support | S1 | 9.38 | -0.319% | |
| S2 | 9.21 | -2.13% | ||
| S3 | 9.14 | -2.87% |
SRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 25, 2019 | Mar 28, 2019 | Apr 11, 2019 | $0.250 | 0.551% |
| 2 | Oct 23, 2018 | Dec 28, 2018 | Jan 10, 2019 | $0.250 | 0.706% |
| 3 | Jul 24, 2018 | Sep 27, 2018 | Oct 11, 2018 | $0.250 | 0.586% |
| 4 | Apr 25, 2018 | Jun 28, 2018 | Jul 12, 2018 | $0.250 | 0.575% |
| 5 | Feb 20, 2018 | Mar 28, 2018 | Apr 12, 2018 | $0.250 | 0.708% |
FAQ
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