RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SBR
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Thursday for Sabine stock after gaining 0.474%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 3.18% PDF

The Sabine stock price gained 0.474% on the last trading day (Thursday, 28th Mar 2024), rising from $63.29 to $63.59. During the last trading day the stock fluctuated 1.33% from a day low at $63.05 to a day high of $63.89. The price has risen in 7 of the last 10 days and is up by 3.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $1.58 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $64.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.72% during the next 3 months and, with a 90% probability hold a price between $51.96 and $60.49 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SBR Signals & Forecast

Mostly positive signals in the chart today. The Sabine 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 $62.73 and $61.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 8.65%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Sabine stock

Sabine finds support from accumulated volume at $62.78 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 $0.84 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: $61.31 (-3.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (SBR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sabine Royalty Trust to open at $63.51, and during the day (based on 14 day Average True Range), to move between $62.54 and $64.64, which gives a possible trading interval of +/-$1.05 (+/-1.65%) up or down from last closing price. If Sabine Royalty Trust takes out the full calculated possible swing range there will be an estimated 3.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $62.78 (1.27%) than the resistance at $65.48 (2.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sabine Royalty Trust stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.791 Buy Candidate Unchanged

Predicted Opening Price for Sabine Royalty Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$63.51 ( 0.126%) $63.59

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SBR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 64.35 1.20 %
R2 64.03 0.691 %
R1 63.83 0.379 %
Current price: 63.59
Support S1 63.19 -0.630 %
S2 62.99 -0.94 %
S3 62.67 -1.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 69.05 8.59 %
R2 68.00 6.94 %
R1 65.48 2.97 %
Current price 63.59
Support S1 62.78 -1.27%
S2 59.73 -6.07%
S3 58.53 -7.96%

SBR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 05, 2024 Mar 14, 2024 Mar 28, 2024 $0.411 0.647%
2 Feb 14, 2024 Feb 14, 2024 Feb 29, 2024 $0.419 0.700%
3 Jan 12, 2024 Jan 12, 2024 Jan 30, 2024 $0.437 0.697%
4 Dec 14, 2023 Dec 14, 2023 Dec 29, 2023 $1.14 1.68%
5 Nov 03, 2023 Nov 14, 2023 Nov 29, 2023 $0.721 1.16%

FAQ

What is the symbol for Sabine Stock and on which exchange is it traded?
The symbol for Sabine is SBR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sabine Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Sabine Stock?
Sabine Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sabine Stock.

What's the current price of Sabine Stock?
As of the end of day on the 2024-03-28, the price of an Sabine (SBR) share was $63.59.

What is the 52-week high and low for Sabine Stock?
The 52-week high for Sabine Stock is $81.29 and the 52-week low is $55.60.

What is the market capitalization of Sabine Stock?
As of the 2024-03-28, the market capitalization of Sabine is 927.098M.

When is the next earnings date for Sabine?
The upcoming earnings date for Sabine is May 07, 2024.
Click to get the best stock tips daily for free!

About Sabine Royalty Trust

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. The company's royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Sa... SBR Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT