Sotherly Hotels Inc. Stock Forecast
Sotherly Hotels Inc. stock price ended at $1.43 on Wednesday, after gaining 1.42%.
(Updated on May 08, 2024)
The Sotherly Hotels Inc. stock price gained 1.42% on the last trading day (Wednesday, 8th May 2024), rising from $1.41 to $1.43. During the last trading day the stock fluctuated 3.54% from a day low at $1.41 to a day high of $1.46. The price has risen in 6 of the last 10 days and is up by 6.72% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 14 thousand shares were bought and sold for approximately $20.64 thousand. 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.
Given the current short-term trend, the stock is expected to fall -5.05% during the next 3 months and, with a 90% probability hold a price between $1.09 and $1.36 at the end of this 3-month period. 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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SOHO Signals & Forecast
The Sotherly Hotels Inc. 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 $1.39 and $1.35. 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 22.22%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sotherly Hotels Inc. stock
Sotherly Hotels Inc. finds support from accumulated volume at $1.38 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0499 between high and low, or 3.54%. For the last week the stock has had daily average volatility of 4.18%.
Our recommended stop-loss: $1.39 (-2.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SOHO) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Sotherly Hotels Inc. to open at $1.43, and during the day (based on 14 day Average True Range), to move between $1.36 and $1.50, which gives a possible trading interval of +/-$0.0721 (+/-5.04%) up or down from last closing price. If Sotherly Hotels Inc. takes out the full calculated possible swing range there will be an estimated 10.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.44 (0.35%) than the support at $1.38 (3.50%), 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
Sotherly Hotels Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.210. We will update the financials statements for Sotherly Hotels Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.29% in the first trading day after earnings release.
Is Sotherly Hotels Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.699 Buy Candidate Unchanged
Predicted Opening Price for Sotherly Hotels Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $1.43 ( 0.235%) | $1.43 |
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 | 1.48 | 3.72 % | |
| R2 | 1.46 | 2.39 % | ||
| R1 | 1.45 | 1.57 % | ||
| Current price: | 1.43 | |||
| Support | S1 | 1.41 | -1.10 % | |
| S2 | 1.40 | -1.92 % | ||
| S3 | 1.38 | -3.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.46 | 2.10 % | |
| R2 | 1.44 | 0.699 % | ||
| R1 | 1.44 | 0.350 % | ||
| Current price | 1.43 | |||
| Support | S1 | 1.38 | -3.50% | |
| S2 | 1.37 | -4.20% | ||
| S3 | 1.36 | -4.90% |
SOHO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | $0 | 0% |
| 2 | Jan 29, 2020 | Mar 12, 2020 | Apr 09, 2020 | $0.130 | 6.34% |
| 3 | Oct 28, 2019 | Dec 12, 2019 | Jan 10, 2020 | $0.130 | 1.96% |
| 4 | Jul 30, 2019 | Sep 12, 2019 | Oct 11, 2019 | $0.130 | 1.96% |
| 5 | Apr 29, 2019 | Jun 13, 2019 | Jul 11, 2019 | $0.130 | 1.83% |
FAQ
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