SpartanNash Company Stock Forecast
Green day on Friday for SpartanNash Company stock after gaining 1.45%
(Updated on May 10, 2024)
The SpartanNash Company stock price gained 1.45% on the last trading day (Friday, 10th May 2024), rising from $20.06 to $20.35. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.16% from a day low at $19.95 to a day high of $20.38. The price has risen in 8 of the last 10 days and is up by 5.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 241 thousand shares were bought and sold for approximately $4.91 million.
Given the current short-term trend, the stock is expected to fall -9.94% during the next 3 months and, with a 90% probability hold a price between $16.22 and $18.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SPTN Signals & Forecast
The SpartanNash Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.76 and $19.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 8.65%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SpartanNash Company stock
SpartanNash Company finds support from accumulated volume at $20.02 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 $0.430 between high and low, or 2.16%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $19.22 (-5.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (SPTN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect SpartanNash Company to open at $20.23, and during the day (based on 14 day Average True Range), to move between $19.99 and $20.71, which gives a possible trading interval of +/-$0.359 (+/-1.76%) up or down from last closing price. If SpartanNash Company takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.61 (1.28%) than the support at $20.02 (1.62%), 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 SpartanNash Company stock A Buy?
SpartanNash Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for SpartanNash Company of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $20.23 ( 0.606%) | $20.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPTN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.66 | 1.51 % | |
| R2 | 20.49 | 0.700 % | ||
| R1 | 20.39 | 0.201 % | ||
| Current price: | 20.35 | |||
| Support | S1 | 20.06 | -1.41 % | |
| S2 | 19.96 | -1.91 % | ||
| S3 | 19.80 | -2.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.10 | 8.60 % | |
| R2 | 20.71 | 1.77 % | ||
| R1 | 20.61 | 1.28 % | ||
| Current price | 20.35 | |||
| Support | S1 | 20.02 | -1.62% | |
| S2 | 19.98 | -1.82% | ||
| S3 | 18.88 | -7.22% |
SPTN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.218 | 1.08% |
| 2 | Nov 14, 2023 | Dec 07, 2023 | Dec 29, 2023 | $0.215 | 0.94% |
| 3 | Aug 25, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.220 | 1.00% |
| 4 | May 31, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.215 | 0.96% |
| 5 | Mar 01, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.215 | 0.87% |
FAQ
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