Saratoga Investment Corp Stock Forecast
Green day on Thursday for Saratoga Investment Corp stock after gaining 0.620%
(Updated on Apr 18, 2024)
The Saratoga Investment Corp stock price gained 0.620% on the last trading day (Thursday, 18th Apr 2024), rising from $22.59 to $22.73. During the last trading day the stock fluctuated 0.93% from a day low at $22.52 to a day high of $22.73. The price has been going up and down for this period, and there has been a -0.35% 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, 5 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $878.90 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Saratoga Investment Corp stock with a 90% probability to be traded between $21.98 and $23.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SAR Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Saratoga Investment Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Saratoga Investment Corp 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 $22.87 and $23.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -2.49%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Saratoga Investment Corp stock
Saratoga Investment Corp finds support from accumulated volume at $22.72 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 $0.210 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Saratoga Investment Corp to open at $22.66, and during the day (based on 14 day Average True Range), to move between $22.44 and $23.02, which gives a possible trading interval of +/-$0.286 (+/-1.26%) up or down from last closing price. If Saratoga Investment Corp takes out the full calculated possible swing range there will be an estimated 2.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.72 (0.04%) than the resistance at $23.14 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Saratoga Investment Corp stock A Buy?
Saratoga Investment Corp holds several negative signals and is within a 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: -2.754 Sell Candidate Unchanged
Predicted Opening Price for Saratoga Investment Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $22.66 ( 0.308%) | $22.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.87 | 0.616 % | |
| R2 | 22.79 | 0.263 % | ||
| R1 | 22.74 | 0.0450 % | ||
| Current price: | 22.73 | |||
| Support | S1 | 22.58 | -0.661 % | |
| S2 | 22.53 | -0.88 % | ||
| S3 | 22.45 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.09 | 5.98 % | |
| R2 | 23.60 | 3.83 % | ||
| R1 | 23.14 | 1.80 % | ||
| Current price | 22.73 | |||
| Support | S1 | 22.72 | -0.0440% | |
| S2 | 22.70 | -0.132% | ||
| S3 | 22.52 | -0.92% |
SAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 12, 2024 | Mar 28, 2024 | $0.730 | 3.15% |
| 2 | Nov 15, 2023 | Dec 08, 2023 | Dec 28, 2023 | $0.720 | 2.78% |
| 3 | Aug 14, 2023 | Sep 13, 2023 | Sep 28, 2023 | $0.710 | 2.77% |
| 4 | May 22, 2023 | Jun 12, 2023 | Jun 29, 2023 | $0.700 | 2.58% |
| 5 | Feb 28, 2023 | Mar 15, 2023 | Mar 30, 2023 | $0.690 | 2.76% |
FAQ
Click here for our free guide on how to buy Saratoga Investment Corp Stock.
