Sotherly Hotels Inc. Stock Forecast
Sotherly Hotels Inc. stock price ended at $1.23 on Monday, after losing 1.60%.
(Updated on Apr 15, 2024)
The Sotherly Hotels Inc. stock price fell by -1.60% on the last day (Monday, 15th Apr 2024) from $1.25 to $1.23. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 8.34% from a day low at $1.22 to a day high of $1.32. The price has fallen in 7 of the last 10 days and is down by -13.99% for this period. Volume has increased on the last day by 52 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, 75 thousand shares were bought and sold for approximately $92.36 thousand.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $1.33 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
SOHO Signals & Forecast
There are few to no technical positive signals at the moment. The Sotherly Hotels Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.32 and $1.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -15.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Sotherly Hotels Inc. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sotherly Hotels Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.102 between high and low, or 8.34%. For the last week, the stock has had daily average volatility of 5.00%.
Sotherly Hotels Inc. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOHO) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Sotherly Hotels Inc. to open at $1.26, and during the day (based on 14 day Average True Range), to move between $1.17 and $1.29, which gives a possible trading interval of +/-$0.0614 (+/-4.99%) up or down from last closing price. If Sotherly Hotels Inc. takes out the full calculated possible swing range there will be an estimated 9.98% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.37, some $0.140 (11.38%) from the current price of $1.23, our system finds the risk reward not very attractive.
Is Sotherly Hotels Inc. stock A Buy?
Sotherly Hotels Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.596 Sell Candidate Unchanged
Predicted Opening Price for Sotherly Hotels Inc. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $1.26 ( 2.21%) | $1.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOHO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.36 | 10.48 % | |
| R2 | 1.32 | 7.32 % | ||
| R1 | 1.30 | 5.37 % | ||
| Current price: | 1.23 | |||
| Support | S1 | 1.22 | -0.94 % | |
| S2 | 1.19 | -2.90 % | ||
| S3 | 1.16 | -6.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.43 | 16.26 % | |
| R2 | 1.39 | 13.01 % | ||
| R1 | 1.37 | 11.38 % | ||
| Current price | 1.23 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SOHO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 29, 2020 | Mar 12, 2020 | Apr 09, 2020 | $0.130 | 6.34% |
| 2 | Oct 28, 2019 | Dec 12, 2019 | Jan 10, 2020 | $0.130 | 1.96% |
| 3 | Jul 30, 2019 | Sep 12, 2019 | Oct 11, 2019 | $0.130 | 1.96% |
| 4 | Apr 29, 2019 | Jun 13, 2019 | Jul 11, 2019 | $0.130 | 1.83% |
| 5 | Jan 29, 2019 | Mar 14, 2019 | Apr 11, 2019 | $0.125 | 1.83% |
FAQ
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