Stag Industrial Inc Stock Forecast
Red day on Friday for Stag Industrial Inc
(Updated on Apr 26, 2024)
The Stag Industrial Inc stock price fell by -0.174% on the last day (Friday, 26th Apr 2024) from $34.54 to $34.48. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.28% from a day low at $34.35 to a day high of $34.79. The price has fallen in 7 of the last 10 days and is down by -7.04% for this period. 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 -511 thousand shares and in total, 1 million shares were bought and sold for approximately $40.83 million.
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 $34.17 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.50% during the next 3 months and, with a 90% probability hold a price between $32.29 and $35.78 at the end of this 3-month period.
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STAG Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.291%. 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 Stag Industrial 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 $34.83 and $36.92. 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 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 Stag Industrial Inc stock
Stag Industrial Inc finds support from accumulated volume at $34.38 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.440 between high and low, or 1.28%. For the last week, the stock has had daily average volatility of 1.57%.
Stag Industrial Inc is oversold on RSI14 (21). 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 (STAG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Stag Industrial Inc to open at $34.54, and during the day (based on 14 day Average True Range), to move between $33.78 and $35.18, which gives a possible trading interval of +/-$0.702 (+/-2.04%) up or down from last closing price. If Stag Industrial Inc takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.38 (0.29%) than the resistance at $37.45 (8.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Stag Industrial Inc will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.580. We will update the financials statements for Stag Industrial Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.00% in the first trading day after earnings release.
Is Stag Industrial Inc stock A Buy?
Stag Industrial 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: -2.612 Sell Candidate Unchanged
Predicted Opening Price for Stag Industrial Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $34.54 ( 0.174%) | $34.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STAG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.98 | 1.45 % | |
| R2 | 34.81 | 0.96 % | ||
| R1 | 34.71 | 0.661 % | ||
| Current price: | 34.48 | |||
| Support | S1 | 34.37 | -0.313 % | |
| S2 | 34.27 | -0.615 % | ||
| S3 | 34.10 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.24 | 10.90 % | |
| R2 | 37.52 | 8.82 % | ||
| R1 | 37.45 | 8.61 % | ||
| Current price | 34.48 | |||
| Support | S1 | 34.38 | -0.290% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
STAG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.123 | 0.358% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.123 | 0.358% |
| 3 | Apr 09, 2024 | Apr 29, 2024 | May 15, 2024 | $0.123 | 0.358% |
| 4 | Jan 10, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.123 | 0.341% |
| 5 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.123 | 0.331% |
FAQ
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