Sabine Stock Forecast
Sabine stock price ended at $66.24 on Tuesday, after gaining 1.78%.
(Updated on Jul 02, 2024)
The Sabine stock price gained 1.78% on the last trading day (Tuesday, 2nd Jul 2024), rising from $65.08 to $66.24. During the last trading day the stock fluctuated 2.42% from a day low at $64.85 to a day high of $66.42. The price has been going up and down for this period, and there has been a 3.44% gain 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, 7 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately $2.00 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sabine stock with a 90% probability to be traded between $60.79 and $67.81 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.
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SBR Signals & Forecast
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 $64.92 and $64.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 5.28%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, May 24, 2024 in the long-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 12 Months
The stock had a Golden Star Signal on Friday, May 24, 2024 in the long-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 Sabine stock
Sabine finds support from accumulated volume at $65.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.57 (2.42%) between high and low. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: $62.58 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (SBR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sabine Royalty Trust to open at $65.84, and during the day (based on 14 day Average True Range), to move between $64.80 and $67.68, which gives a possible trading interval of +/-$1.44 (+/-2.17%) up or down from last closing price. If Sabine Royalty Trust takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $65.72 (0.79%) than the resistance at $66.83 (0.89%), 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?
Sabine 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: 0.729 Hold/Accumulate Unchanged
Predicted Opening Price for Sabine Royalty Trust of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $65.84 ( 0.609%) | $66.24 |
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 | |
|---|---|---|
| R3 | 67.41 | 1.76% |
| R2 | 66.81 | 0.86% |
| R1 | 66.44 | 0.297% |
| Price | 66.24 | |
| S1 | 65.24 | -1.51% |
| S2 | 64.87 | -2.07% |
| S3 | 64.27 | -2.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 68.21 | 2.97% |
| R2 | 67.39 | 1.74% |
| R1 | 66.83 | 0.89% |
| Price | 66.24 | |
| S1 | 65.72 | -0.785% |
| S2 | 65.36 | -1.33% |
| S3 | 64.04 | -3.32% |
SBR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.538 | 0.83% |
| 2 | May 03, 2024 | May 14, 2024 | May 29, 2024 | $0.598 | 0.93% |
| 3 | Apr 05, 2024 | Apr 12, 2024 | Apr 29, 2024 | $0.536 | 0.85% |
| 4 | Mar 05, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.411 | 0.647% |
| 5 | Feb 14, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.419 | 0.700% |
FAQ
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