Safety Income and Growth Inc Stock Forecast
Safety Income and Growth Inc stock price down 0.663% on Wednesday
(Updated on Mar 27, 2024)
The Safety Income and Growth Inc stock price fell by -0.663% on the last day (Wednesday, 27th Mar 2024) from £754.00 to £749.00. During the last trading day the stock fluctuated 1.20% from a day low at £747.50 to a day high of £756.50. The price has risen in 5 of the last 10 days but is still down by -1.45% 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 -338 thousand shares and in total, 214 thousand shares were bought and sold for approximately £160.57 million.
The stock lies in the middle of a 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 -12.85% during the next 3 months and, with a 90% probability hold a price between £632.35 and £672.86 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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SAFE.L Signals & Forecast
There are mixed signals in the stock today. The Safety Income and Growth 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 £753.36 and £775.03. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 1.22%. 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).
Support, Risk & Stop-loss for Safety Income and Growth Inc stock
Safety Income and Growth Inc finds support from accumulated volume at £746.00 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 £9.00 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAFE.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Safety Income and Growth Inc to open at £751.00, and during the day (based on 14 day Average True Range), to move between £727.20 and £770.80, which gives a possible trading interval of +/-£21.80 (+/-2.91%) up or down from last closing price. If Safety Income and Growth Inc takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £746.00 (0.40%) than the resistance at £773.00 (3.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Safety Income and Growth Inc stock A Buy?
Safety Income and Growth Inc 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: -1.165 Sell Candidate Unchanged
Predicted Opening Price for Safety Income and Growth Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£751.00 ( 0.267%) | £749.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAFE.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 760.00 | 1.47 % | |
R2 | 756.56 | 1.01 % | ||
R1 | 754.44 | 0.726 % | ||
Current price: | 749.00 | |||
Support | S1 | 747.56 | -0.192 % | |
S2 | 745.44 | -0.476 % | ||
S3 | 742.00 | -0.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 810.00 | 8.14 % | |
R2 | 791.50 | 5.67 % | ||
R1 | 773.00 | 3.20 % | ||
Current price | 749.00 | |||
Support | S1 | 746.00 | -0.401% | |
S2 | 741.00 | -1.07% | ||
S3 | 740.00 | -1.20% |
SAFE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 07, 2024 | Apr 09, 2024 | £20.20 | 2.70% |
2 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £9.90 | 1.18% |
3 | Jan 17, 2023 | Mar 02, 2023 | Apr 07, 2023 | £20.40 | 2.11% |
4 | Jun 21, 2022 | Jul 07, 2022 | Aug 11, 2022 | £9.40 | 0.82% |
5 | Jan 13, 2022 | Mar 03, 2022 | Apr 07, 2022 | £17.60 | 1.26% |
FAQ
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