Site Centers Corp. Stock Forecast
Site Centers Corp. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Site Centers Corp. stock price fell by -0.0912% on the last day (Tuesday, 25th Jun 2024) from $21.93 to $21.91. During the last trading day the stock fluctuated 0.639% from a day low at $21.91 to a day high of $22.05. The price has been going up and down for this period, and there has been a 0.05% gain for the last 2 weeks. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 34 thousand shares were bought and sold for approximately $748.97 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Site Centers Corp. stock with a 90% probability to be traded between $21.02 and $21.67 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. 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.
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SITC-PA Signals & Forecast
There are mixed signals in the stock today. The Site Centers Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $21.96. On a fall, the stock will find some support from the short-term average at $21.81. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Site Centers Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 1.44%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Site Centers Corp. stock
Site Centers Corp. finds support from accumulated volume at $21.80 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 $0.140 between high and low, or 0.639%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: $20.82 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SITC-PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Site Centers Corp. to open at $21.96, and during the day (based on 14 day Average True Range), to move between $21.63 and $22.19, which gives a possible trading interval of +/-$0.281 (+/-1.28%) up or down from last closing price. If Site Centers Corp. takes out the full calculated possible swing range there will be an estimated 2.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.80 (0.50%) than the resistance at $22.08 (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Site Centers Corp. stock A Buy?
Site Centers 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.629 Hold/Accumulate Upgraded
Predicted Opening Price for Site Centers Corp. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $21.96 ( 0.213%) | $21.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SITC-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.10 | 0.85% |
| R2 | 22.04 | 0.608% |
| R1 | 22.01 | 0.457% |
| Price | 21.91 | |
| S1 | 21.90 | -0.0311% |
| S2 | 21.87 | -0.182% |
| S3 | 21.82 | -0.426% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.16 | 1.14% |
| R2 | 22.15 | 1.10% |
| R1 | 22.08 | 0.776% |
| Price | 21.91 | |
| S1 | 21.80 | -0.502% |
| S2 | 21.76 | -0.685% |
| S3 | 21.65 | -1.19% |
SITC-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.398 | 1.82% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.398 | 1.83% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.398 | 1.74% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.398 | 1.99% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.398 | 1.71% |
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