Sotherly Hotels Inc. 7.875% Series C Stock Forecast

Sotherly Hotels Inc. 7.875% Series C stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)

SOHOO Signals & Forecast

There are few to no technical positive signals at the moment. The Sotherly Hotels Inc. 7.875% Series C 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 $18.54 and $18.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -2.50%. 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. 7.875% Series C 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. 7.875% Series C stock

Sotherly Hotels Inc. 7.875% Series C finds support from accumulated volume at $17.72 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 $0.469 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 5.22%.

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

Trading Expectations (SOHOO) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Sotherly Hotels Inc. 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock to open at $18.49, and during the day (based on 14 day Average True Range), to move between $17.79 and $18.91, which gives a possible trading interval of +/-$0.556 (+/-3.03%) up or down from last closing price. If Sotherly Hotels Inc. 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock takes out the full calculated possible swing range there will be an estimated 6.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.72 (3.43%) than the resistance at $19.00 (3.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sotherly Hotels Inc. 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock stock A Buy?

Sotherly Hotels Inc. 7.875% Series C 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.215 Strong Sell Candidate Downgraded

Predicted Opening Price for Sotherly Hotels Inc. 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock of Monday, April 22, 2024

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