Sunstone Hotel Investors Inc Stock Forecast
Sunstone Hotel Investors Inc stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Sunstone Hotel Investors Inc stock price gained 1.39% on the last trading day (Friday, 3rd May 2024), rising from $10.05 to $10.19. During the last trading day the stock fluctuated 1.68% from a day low at $10.14 to a day high of $10.31. The price has risen in 6 of the last 10 days but is still down by -0.2% for this period. Volume fell on the last day by -347 thousand shares and in total, 2 million shares were bought and sold for approximately $21.62 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 lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.04 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.94% during the next 3 months and, with a 90% probability hold a price between $9.44 and $10.29 at the end of this 3-month period.
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SHO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.39%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sunstone Hotel Investors 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 $10.22 and $10.69. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Sunstone Hotel Investors Inc stock
Sunstone Hotel Investors Inc finds support from accumulated volume at $10.12 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 $0.170 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: $9.66 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (SHO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Sunstone Hotel Investors Inc to open at $10.21, and during the day (based on 14 day Average True Range), to move between $9.95 and $10.43, which gives a possible trading interval of +/-$0.237 (+/-2.32%) up or down from last closing price. If Sunstone Hotel Investors Inc takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.12 (0.69%) than the resistance at $10.90 (6.97%), 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
Sunstone Hotel Investors Inc will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.170. We will update the financials statements for Sunstone Hotel Investors Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.70% in the first trading day after earnings release.
Is Sunstone Hotel Investors Inc stock A Buy?
Sunstone Hotel Investors 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.309 Hold/Accumulate Upgraded
Predicted Opening Price for Sunstone Hotel Investors Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $10.21 ( 0.229%) | $10.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.38 | 1.90 % | |
| R2 | 10.32 | 1.26 % | ||
| R1 | 10.28 | 0.87 % | ||
| Current price: | 10.19 | |||
| Support | S1 | 10.15 | -0.408 % | |
| S2 | 10.11 | -0.80 % | ||
| S3 | 10.04 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.30 | 10.89 % | |
| R2 | 11.11 | 9.03 % | ||
| R1 | 10.90 | 6.97 % | ||
| Current price | 10.19 | |||
| Support | S1 | 10.12 | -0.687% | |
| S2 | 10.06 | -1.28% | ||
| S3 | 10.05 | -1.37% |
SHO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0700 | 0.662% |
| 2 | Dec 06, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.0600 | 0.561% |
| 3 | Aug 03, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0700 | 0.736% |
| 4 | May 04, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0500 | 0.503% |
| 5 | Feb 21, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.0500 | 0.510% |
FAQ
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