RSI low/high Values: [ 25 - 75 ]
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AI Analysis of SKT
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Tanger Factory Outlet Centers Inc stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jul 24, 2024)

Sell candidate since Jul 24, 2024 PDF

The Tanger Factory Outlet Centers Inc stock price fell by -3.82% on the last day (Wednesday, 24th Jul 2024) from $29.06 to $27.95. During the last trading day the stock fluctuated 4.66% from a day low at $27.87 to a day high of $29.17. The price has risen in 8 of the last 10 days and is up by 3.86% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -175 thousand shares and in total, 520 thousand shares were bought and sold for approximately $14.53 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.68% during the next 3 months and, with a 90% probability hold a price between $25.20 and $28.27 at the end of this 3-month period.

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SKT Signals & Forecast

The Tanger Factory Outlet Centers Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $28.31. On a fall, the stock will find some support from the long-term average at approximately $27.19. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 23, 2024, and so far it has fallen -3.82%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Tanger Factory Outlet Centers Inc stock

Tanger Factory Outlet Centers Inc finds support from accumulated volume at $27.46 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 $1.30 between high and low, or 4.66%. For the last week, the stock has had daily average volatility of 2.83%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SKT) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Tanger Factory Outlet Centers Inc to open at $28.33, and during the day (based on 14 day Average True Range), to move between $27.31 and $28.59, which gives a possible trading interval of +/-$0.636 (+/-2.27%) up or down from last closing price. If Tanger Factory Outlet Centers Inc takes out the full calculated possible swing range there will be an estimated 4.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.99 (0.14%) than the support at $27.46 (1.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Tanger Factory Outlet Centers Inc will release earnings AMC on Thursday, August 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.520. We will update the financials statements for Tanger Factory Outlet Centers Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.28% in the first trading day after earnings release.

Is Tanger Factory Outlet Centers Inc stock A Buy?

Tanger Factory Outlet Centers Inc 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 Buy to a Sell candidate.

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Current score: -2.922 Sell Candidate Downgraded

Predicted Opening Price for Tanger Factory Outlet Centers Inc of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$28.33 ( 1.36%) $27.95

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

Trading levels for SKT

Fibonacci Support & Resistance Levels

Level Price
R3 29.63 6.01%
R2 29.13 4.23%
R1 28.83 3.14%
Price 27.95
S1 27.83 -0.417%
S2 27.53 -1.51%
S3 27.03 -3.29%

Accumulated Volume Support & Resistance Levels

Level Price
R3 28.91 3.43%
R2 28.14 0.680%
R1 27.99 0.143%
Price 27.95
S1 27.46 -1.75%
S2 27.43 -1.86%
S3 26.09 -6.65%

SKT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 31, 2024 Jul 31, 2024 Aug 15, 2024 $0.275 0.98%
2 Apr 10, 2024 Apr 29, 2024 May 15, 2024 $0.275 0.97%
3 Jan 17, 2024 Jan 30, 2024 Feb 15, 2024 $0.260 0.94%
4 Oct 13, 2023 Oct 30, 2023 Nov 15, 2023 $0.260 1.02%
5 Jul 14, 2023 Jul 28, 2023 Aug 15, 2023 $0.245 1.00%

FAQ

What is the symbol for Tanger Factory Outlet Centers Inc Stock and on which exchange is it traded?
The symbol for Tanger Factory Outlet Centers Inc is SKT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tanger Factory Outlet Centers Inc Stock?
Tanger Factory Outlet Centers Inc 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 Buy to a Sell candidate.

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

What's the current price of Tanger Factory Outlet Centers Inc Stock?
As of the end of day on the Jul 24, 2024, the price of an Tanger Factory Outlet Centers Inc (SKT) share was $27.95.

What is the 52-week high and low for Tanger Factory Outlet Centers Inc Stock?
The 52-week high for Tanger Factory Outlet Centers Inc Stock is $29.97 and the 52-week low is $21.42.

What is the market capitalization of Tanger Factory Outlet Centers Inc Stock?
As of the Jul 24, 2024, the market capitalization of Tanger Factory Outlet Centers Inc is 3.056B.

When is the next earnings date for Tanger Factory Outlet Centers Inc?
The upcoming earnings date for Tanger Factory Outlet Centers Inc is Aug 01, 2024.
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About Tanger Factory Outlet Centers Inc

Tanger Factory Outlet Centers Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outl... SKT Profile

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