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A very strong day for Sabre Corporation stock price on Tuesday
(Updated on May 17, 2022)
Sell candidate since 2022-04-29 Loss -30.18% PDF
The Sabre Corporation stock price gained 8.30% on the last trading day (Tuesday, 17th May 2022), rising from $6.75 to $7.31. During the day the stock fluctuated 5.76% from a day low at $6.94 to a day high of $7.34. The price has fallen in 7 of the last 10 days and is down by -21.82% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $70.22 million.
The stock lies in the middle of a very 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 -15.01% during the next 3 months and, with a 90% probability hold a price between $5.50 and $9.06 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 12, 2022, and so far it has risen 11.43%. 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 Sabre Corporation 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 $9.96. On a fall, the stock will find some support from the short-term average at $7.12. 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
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.40 between high and low, or 5.76%. For the last week, the stock has had a daily average volatility of 9.65%.
Sabre Corporation is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Wednesday 18th
For the upcoming trading day on Wednesday 18th we expect Sabre Corporation to open at $7.20, and during day (based on 14 day Average True Range), to move between $6.62 and $8.00, which gives a possible trading interval of +/-$0.69 (+/-9.43%) up or down from last closing price. If Sabre Corporation takes out the full calculated possible swing range there will be an estimated 18.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.05 (3.56%) than the resistance at $7.61 (4.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sabre Corporation stock A Buy?
Sabre Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.079Sell Candidate Unchanged
Predicted Opening Price for Sabre Corporation of Wednesday, May 18, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price May 18, 2022||Current price|
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