Sun Communities Inc Stock Forecast
Sun Communities Inc stock price up 1.81% on Thursday
(Updated on Mar 28, 2024)
The Sun Communities Inc stock price gained 1.81% on the last trading day (Thursday, 28th Mar 2024), rising from $126.30 to $128.58. During the last trading day the stock fluctuated 2.36% from a day low at $126.36 to a day high of $129.34. The price has fallen in 6 of the last 10 days and is down by -1.92% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 92 thousand more shares were traded than the day before. In total, 573 thousand shares were bought and sold for approximately $73.73 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sun Communities Inc stock with a 90% probability to be traded between $121.85 and $132.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SUI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.72%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sun Communities Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $130.13. On a fall, the stock will find some support from the short-term average at $128.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sun Communities Inc stock
Sun Communities Inc finds support from accumulated volume at $126.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.98 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SUI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sun Communities Inc to open at $128.09, and during the day (based on 14 day Average True Range), to move between $126.02 and $131.14, which gives a possible trading interval of +/-$2.56 (+/-1.99%) up or down from last closing price. If Sun Communities Inc takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $128.80 (0.17%) than the support at $126.86 (1.34%), 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.
Is Sun Communities Inc stock A Buy?
Sun Communities Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.392 Sell Candidate Unchanged
Predicted Opening Price for Sun Communities Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$128.09 ( 0.378%) | $128.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 131.07 | 1.94 % | |
R2 | 129.93 | 1.05 % | ||
R1 | 129.23 | 0.507 % | ||
Current price: | 128.58 | |||
Support | S1 | 126.95 | -1.26 % | |
S2 | 126.25 | -1.81 % | ||
S3 | 125.11 | -2.70 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 131.46 | 2.24 % | |
R2 | 130.00 | 1.10 % | ||
R1 | 128.80 | 0.171 % | ||
Current price | 128.58 | |||
Support | S1 | 126.86 | -1.34% | |
S2 | 125.18 | -2.64% | ||
S3 | 124.67 | -3.04% |
SUI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.94 | 0.731% |
2 | Dec 01, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.93 | 0.698% |
3 | Dec 01, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.93 | 0.698% |
4 | Aug 17, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.93 | 0.89% |
5 | Jun 06, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.93 | 0.697% |
FAQ
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