Saratoga Investment Corp 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
Saratoga Investment Corp stock price ended at $23.70 on Wednesday, after gaining 0.424%.
(Updated on May 01, 2024)
The Saratoga Investment Corp stock price gained 0.424% on the last trading day (Wednesday, 1st May 2024), rising from $23.60 to $23.70. During the last trading day the stock fluctuated 1.32% from a day low at $23.52 to a day high of $23.83. The price has risen in 7 of the last 10 days and is up by 4.91% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 30 thousand shares were bought and sold for approximately $707.75 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $24.00 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Saratoga Investment Corp stock with a 90% probability to be traded between $22.30 and $23.85 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
The Saratoga Investment Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $23.51 and $23.02. 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 Friday, April 26, 2024, and so far it has fallen -0.587%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Saratoga Investment Corp stock
Saratoga Investment Corp finds support from accumulated volume at $23.61 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.310 between high and low, or 1.32%. For the last week the stock has had daily average volatility of 1.59%
Our recommended stop-loss: $22.87 (-3.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SAR) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Saratoga Investment Corp to open at $23.68, and during the day (based on 14 day Average True Range), to move between $23.41 and $23.99, which gives a possible trading interval of +/-$0.291 (+/-1.23%) up or down from last closing price. If Saratoga Investment Corp takes out the full calculated possible swing range there will be an estimated 2.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.73 (0.13%) than the support at $23.61 (0.38%), 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
Saratoga Investment Corp will release earnings AMC on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.96. We will update the financials statements for Saratoga Investment Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.12% in the first trading day after earnings release.
Is Saratoga Investment Corp stock A Buy?
Saratoga Investment Corp 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.
Current score: -0.093 Hold/Accumulate Unchanged
Predicted Opening Price for Saratoga Investment Corp of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $23.68 ( 0.0703%) | $23.70 |
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 | 23.99 | 1.24 % | |
| R2 | 23.87 | 0.738 % | ||
| R1 | 23.80 | 0.429 % | ||
| Current price: | 23.70 | |||
| Support | S1 | 23.56 | -0.570 % | |
| S2 | 23.49 | -0.88 % | ||
| S3 | 23.37 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.09 | 1.65 % | |
| R2 | 23.84 | 0.591 % | ||
| R1 | 23.73 | 0.127 % | ||
| Current price | 23.70 | |||
| Support | S1 | 23.61 | -0.380% | |
| S2 | 23.60 | -0.422% | ||
| S3 | 22.95 | -3.16% |
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.
