OUTFRONT Media Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for OUTFRONT Media Inc as stock downgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The OUTFRONT Media Inc stock price fell by -1.53% on the last day (Thursday, 2nd May 2024) from $16.29 to $16.04. During the last trading day the stock fluctuated 6.22% from a day low at $15.60 to a day high of $16.57. The price has risen in 6 of the last 10 days and is up by 7.87% over the past 2 weeks. Volume has increased on the last day by 984 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $42.43 million.
The stock lies in the middle of a wide and strong 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 20.44% during the next 3 months and, with a 90% probability hold a price between $17.98 and $21.67 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
OUT Signals & Forecast
The OUTFRONT Media Inc 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 $15.82 and $15.89. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -4.47%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for OUTFRONT Media Inc stock
OUTFRONT Media Inc finds support from accumulated volume at $15.34 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 $0.97 between high and low, or 6.22%. For the last week, the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: $15.52 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (OUT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect OUTFRONT Media Inc to open at $16.07, and during the day (based on 14 day Average True Range), to move between $15.52 and $16.56, which gives a possible trading interval of +/-$0.524 (+/-3.27%) up or down from last closing price. If OUTFRONT Media Inc takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.11 (0.44%) than the support at $15.34 (4.36%), 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.
Earnings coming up
OUTFRONT Media Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.140. We will update the financials statements for OUTFRONT Media Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.14% in the first trading day after earnings release.
Is OUTFRONT Media Inc stock A Buy?
OUTFRONT Media Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.306 Hold/Accumulate Downgraded
Predicted Opening Price for OUTFRONT Media Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $16.07 ( 0.187%) | $16.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OUT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.04 | 6.23 % | |
| R2 | 16.67 | 3.92 % | ||
| R1 | 16.44 | 2.50 % | ||
| Current price: | 16.04 | |||
| Support | S1 | 15.70 | -2.12 % | |
| S2 | 15.47 | -3.55 % | ||
| S3 | 15.10 | -5.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.30 | 1.62 % | |
| R2 | 16.29 | 1.56 % | ||
| R1 | 16.11 | 0.436 % | ||
| Current price | 16.04 | |||
| Support | S1 | 15.34 | -4.36% | |
| S2 | 14.73 | -8.17% | ||
| S3 | 12.43 | -22.51% |
OUT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 29, 2024 | Mar 28, 2024 | $0.300 | 1.79% |
| 2 | Nov 02, 2023 | Nov 30, 2023 | Dec 29, 2023 | $0.300 | 2.15% |
| 3 | Aug 03, 2023 | Aug 31, 2023 | Sep 29, 2023 | $0.300 | 2.97% |
| 4 | May 03, 2023 | Jun 01, 2023 | Jun 30, 2023 | $0.300 | 1.91% |
| 5 | Feb 22, 2023 | Mar 02, 2023 | Mar 31, 2023 | $0.300 | 1.85% |
FAQ
Click here for our free guide on how to buy OUTFRONT Media Inc Stock.
