SunLink Health Systems, Inc Stock Forecast
Green day on Thursday for SunLink Health Systems, Inc stock after gaining 0.0154%
(Updated on Apr 25, 2024)
The SunLink Health Systems, Inc stock price gained 0.0154% on the last trading day (Thursday, 25th Apr 2024), rising from $0.650 to $0.650. During the last trading day the stock fluctuated 5.54% from a day low at $0.616 to a day high of $0.650. The price has been going up and down for this period, and there has been a -5.44% loss for the last 2 weeks. Volume fell on the last day by -27 thousand shares and in total, 4 thousand shares were bought and sold for approximately $2.33 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.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.646 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.98% during the next 3 months and, with a 90% probability hold a price between $0.471 and $0.524 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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SSY Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.0154%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SunLink Health Systems, 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 $0.684 and $0.725. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 SunLink Health Systems, Inc stock
SunLink Health Systems, Inc finds support from accumulated volume at $0.650 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 $0.0341 between high and low, or 5.54%. For the last week the stock has had daily average volatility of 8.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SSY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect SunLink Health Systems, Inc to open at $0.639, and during the day (based on 14 day Average True Range), to move between $0.610 and $0.691, which gives a possible trading interval of +/-$0.0405 (+/-6.22%) up or down from last closing price. If SunLink Health Systems, Inc takes out the full calculated possible swing range there will be an estimated 12.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.650 (0.02%) than the resistance at $0.706 (8.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SunLink Health Systems, Inc stock A Buy?
SunLink Health Systems, Inc holds several negative signals and is within a wide and 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: -3.159 Sell Candidate Unchanged
Predicted Opening Price for SunLink Health Systems, Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.639 ( 1.75%) | $0.650 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.673 | 3.50 % | |
R2 | 0.660 | 1.49 % | ||
R1 | 0.652 | 0.255 % | ||
Current price: | 0.650 | |||
Support | S1 | 0.626 | -3.75 % | |
S2 | 0.618 | -4.99 % | ||
S3 | 0.605 | -6.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.730 | 12.29 % | |
R2 | 0.722 | 11.08 % | ||
R1 | 0.706 | 8.64 % | ||
Current price | 0.650 | |||
Support | S1 | 0.650 | -0.0154% | |
S2 | 0 | . | ||
S3 | 0 | . |
SSY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 22, 1993 | Nov 22, 1993 | Nov 22, 1993 | $0.262 | 4.76% |
2 | Sep 18, 1989 | Sep 29, 1989 | Oct 20, 1989 | $0.0247 | 0.600% |
FAQ
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