SITE Centers 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
Weaker technical forecast for SITE Centers Corp. as stock downgraded to Sell Candidate.
(Updated on May 06, 2024)
The SITE Centers Corp. stock price gained 0.501% on the last trading day (Monday, 6th May 2024), rising from $13.97 to $14.04. 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 1.22% from a day low at $13.98 to a day high of $14.15. The price has risen in 6 of the last 10 days and is up by 2.11% over the past 2 weeks. Volume fell on the last day by -935 thousand shares and in total, 874 thousand shares were bought and sold for approximately $12.28 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 is moving within a 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 $13.16 and $14.29 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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SITC Signals & Forecast
The SITE Centers Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.75 and $13.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.46%. 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. Despite all the positive signals in the chart we there to be so much uncertainty and risk that we cannot upgrade this stock's score yet.
Support, Risk & Stop-loss for SITE Centers Corp. stock
SITE Centers Corp. finds support from accumulated volume at $14.01 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 $0.170 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SITC) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect SITE Centers Corp. to open at $14.06, and during the day (based on 14 day Average True Range), to move between $13.76 and $14.32, which gives a possible trading interval of +/-$0.280 (+/-1.99%) up or down from last closing price. If SITE Centers Corp. takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.01 (0.21%) than the resistance at $14.09 (0.36%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.055 Sell Candidate Downgraded
Predicted Opening Price for SITE Centers Corp. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$14.06 ( 0.119%) | $14.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SITC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.23 | 1.33 % | |
R2 | 14.16 | 0.87 % | ||
R1 | 14.12 | 0.581 % | ||
Current price: | 14.04 | |||
Support | S1 | 13.99 | -0.344 % | |
S2 | 13.95 | -0.630 % | ||
S3 | 13.89 | -1.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.11 | 0.499 % | |
R2 | 14.10 | 0.427 % | ||
R1 | 14.09 | 0.356 % | ||
Current price | 14.04 | |||
Support | S1 | 14.01 | -0.214% | |
S2 | 13.89 | -1.07% | ||
S3 | 13.66 | -2.71% |
SITC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Apr 05, 2024 | $0.130 | 0.92% |
2 | Dec 13, 2023 | Dec 26, 2023 | Jan 12, 2024 | $0.160 | 1.15% |
3 | Oct 30, 2023 | Dec 08, 2023 | Jan 05, 2024 | $0.130 | 0.99% |
4 | Sep 13, 2023 | Sep 25, 2023 | Oct 12, 2023 | $0.130 | 1.07% |
5 | May 10, 2023 | Jun 13, 2023 | Jul 06, 2023 | $0.130 | 0.97% |
FAQ
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