Sabine Stock Forecast
Sabine stock price up 0.255% on Friday
(Updated on May 03, 2024)
The Sabine stock price gained 0.255% on the last trading day (Friday, 3rd May 2024), rising from $62.79 to $62.95. During the last trading day the stock fluctuated 3.32% from a day low at $62.77 to a day high of $64.85. The price has been going up and down for this period, and there has been a -1.36% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately $2.92 million.
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 5.87% during the next 3 months and, with a 90% probability hold a price between $64.74 and $73.71 at the end of this 3-month period.
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SBR Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 3.15%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sabine 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 $63.98. On a fall, the stock will find some support from the short-term average at $62.37. 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).
Support, Risk & Stop-loss for Sabine stock
Sabine finds support from accumulated volume at $62.78 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 $2.08 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: $59.84 (-4.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (SBR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Sabine Royalty Trust to open at $63.52, and during the day (based on 14 day Average True Range), to move between $61.48 and $64.42, which gives a possible trading interval of +/-$1.47 (+/-2.33%) up or down from last closing price. If Sabine Royalty Trust takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $62.78 (0.27%) than the resistance at $63.71 (1.21%), 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
Sabine will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Sabine, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.07% in the first trading day after earnings release.
Is Sabine Royalty Trust stock A Buy?
Sabine 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: -0.407 Hold/Accumulate Unchanged
Predicted Opening Price for Sabine Royalty Trust of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$63.52 ( 0.91%) | $62.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 65.61 | 4.22 % | |
R2 | 64.81 | 2.96 % | ||
R1 | 64.32 | 2.18 % | ||
Current price: | 62.95 | |||
Support | S1 | 62.73 | -0.352 % | |
S2 | 62.24 | -1.13 % | ||
S3 | 61.44 | -2.40 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 68.21 | 8.36 % | |
R2 | 68.09 | 8.17 % | ||
R1 | 63.71 | 1.21 % | ||
Current price | 62.95 | |||
Support | S1 | 62.78 | -0.270% | |
S2 | 60.16 | -4.43% | ||
S3 | 58.53 | -7.02% |
SBR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 05, 2024 | Apr 12, 2024 | Apr 29, 2024 | $0.536 | 0.85% |
2 | Mar 05, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.411 | 0.647% |
3 | Feb 14, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.419 | 0.700% |
4 | Jan 12, 2024 | Jan 12, 2024 | Jan 30, 2024 | $0.437 | 0.697% |
5 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $1.14 | 1.68% |
FAQ
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