Sabra Healthcare REIT Stock Forecast
Sabra Healthcare REIT stock price ended at $15.46 on Tuesday, after gaining 0.324%.
(Updated on Jul 02, 2024)
The Sabra Healthcare REIT stock price gained 0.324% on the last trading day (Tuesday, 2nd Jul 2024), rising from $15.41 to $15.46. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.37% from a day low at $15.33 to a day high of $15.54. The price has risen in 8 of the last 10 days and is up by 8.04% over the past 2 weeks. Volume fell on the last day by -802 thousand shares and in total, 1 million shares were bought and sold for approximately $16.67 million. 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 stock lies in the upper part of a weak rising 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 $15.52 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.64% during the next 3 months and, with a 90% probability hold a price between $15.17 and $16.55 at the end of this 3-month period.
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SBRA Signals & Forecast
Mostly positive signals in the chart today. The Sabra Healthcare REIT 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 $15.15 and $14.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 15.12%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Sabra Healthcare REIT stock
Sabra Healthcare REIT finds support from accumulated volume at $15.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.210 between high and low, or 1.37%. For the last week, the stock has had daily average volatility of 1.62%.
The Sabra Healthcare REIT stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $15.05 (-2.66%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (SBRA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sabra Healthcare REIT to open at $15.44, and during the day (based on 14 day Average True Range), to move between $15.20 and $15.72, which gives a possible trading interval of +/-$0.259 (+/-1.67%) up or down from last closing price. If Sabra Healthcare REIT takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.40, some $0.0600 (0.39%) from the current price of $15.46, our system finds the risk reward attractive.
Is Sabra Healthcare REIT stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sabra Healthcare REIT stock to perform well in the short-term.
Current score: 3.174 Buy Candidate Unchanged
Predicted Opening Price for Sabra Healthcare REIT of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $15.44 ( 0.108%) | $15.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBRA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.65 | 1.25% |
| R2 | 15.57 | 0.731% |
| R1 | 15.52 | 0.411% |
| Price | 15.46 | |
| S1 | 15.36 | -0.627% |
| S2 | 15.31 | -0.95% |
| S3 | 15.23 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 15.46 | |
| S1 | 15.40 | -0.388% |
| S2 | 14.49 | -6.27% |
| S3 | 13.78 | -10.87% |
SBRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 17, 2024 | May 31, 2024 | $0.300 | 2.06% |
| 2 | Feb 01, 2024 | Feb 12, 2024 | Feb 29, 2024 | $0.300 | 2.16% |
| 3 | Nov 06, 2023 | Nov 16, 2023 | Nov 30, 2023 | $0.300 | 2.05% |
| 4 | Aug 07, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.300 | 2.39% |
| 5 | May 03, 2023 | May 15, 2023 | May 31, 2023 | $0.300 | 2.66% |
FAQ
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