Saul Centers Inc Stock Forecast
Saul Centers Inc stock price down 1.16% on Thursday
(Updated on Apr 25, 2024)
The Saul Centers Inc stock price fell by -1.16% on the last day (Thursday, 25th Apr 2024) from $36.30 to $35.88. During the last trading day the stock fluctuated 1.20% from a day low at $35.75 to a day high of $36.18. The price has fallen in 7 of the last 10 days and is down by -3.13% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 29 thousand shares were bought and sold for approximately $1.04 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.29% during the next 3 months and, with a 90% probability hold a price between $32.53 and $36.45 at the end of this 3-month period.
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BFS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.11%. 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 Saul Centers 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 $35.95 and $37.15. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 10.88% to $39.78 within 36 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Saul Centers Inc stock
Saul Centers Inc finds support from accumulated volume at $35.51 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.430 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BFS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Saul Centers Inc to open at $35.94, and during the day (based on 14 day Average True Range), to move between $35.18 and $36.58, which gives a possible trading interval of +/-$0.698 (+/-1.95%) up or down from last closing price. If Saul Centers Inc takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.51 (1.03%) than the resistance at $37.25 (3.82%), 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
Saul Centers Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.770. We will update the financials statements for Saul Centers Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.92% in the first trading day after earnings release.
Is Saul Centers Inc stock A Buy?
Saul Centers 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.
Current score: -1.611 Sell Candidate Unchanged
Predicted Opening Price for Saul Centers Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $35.94 ( 0.158%) | $35.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.37 | 1.36 % | |
| R2 | 36.20 | 0.90 % | ||
| R1 | 36.10 | 0.616 % | ||
| Current price: | 35.88 | |||
| Support | S1 | 35.77 | -0.300 % | |
| S2 | 35.67 | -0.583 % | ||
| S3 | 35.51 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.71 | 10.67 % | |
| R2 | 37.90 | 5.63 % | ||
| R1 | 37.25 | 3.82 % | ||
| Current price | 35.88 | |||
| Support | S1 | 35.51 | -1.03% | |
| S2 | 35.45 | -1.20% | ||
| S3 | 35.14 | -2.06% |
BFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.590 | 1.65% |
| 2 | Jan 12, 2024 | Jan 12, 2024 | Jan 31, 2024 | $0.590 | 1.54% |
| 3 | Sep 21, 2023 | Oct 13, 2023 | Oct 31, 2023 | $0.590 | 1.70% |
| 4 | Jun 22, 2023 | Jul 14, 2023 | Jul 31, 2023 | $0.590 | 1.53% |
| 5 | Mar 09, 2023 | Apr 14, 2023 | Apr 28, 2023 | $0.590 | 1.64% |
FAQ
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