OUTFRONT Media Inc Stock Forecast
OUTFRONT Media Inc stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)
The OUTFRONT Media Inc stock price gained 0.0673% on the last trading day (Thursday, 18th Apr 2024), rising from $14.86 to $14.87. During the last trading day the stock fluctuated 2.09% from a day low at $14.81 to a day high of $15.12. The price has fallen in 6 of the last 10 days and is down by -9% for this period. Volume fell on the last day by -206 thousand shares and in total, 984 thousand shares were bought and sold for approximately $14.63 million. 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 rise 27.74% during the next 3 months and, with a 90% probability hold a price between $18.99 and $22.55 at the end of this 3-month period.
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OUT Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The OUTFRONT Media 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 $15.37 and $15.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -11.44%. 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).
Support, Risk & Stop-loss for OUTFRONT Media Inc stock
OUTFRONT Media Inc finds support from accumulated volume at $14.73 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 $0.310 between high and low, or 2.09%. For the last week, the stock has had daily average volatility of 3.74%.
OUTFRONT Media Inc is oversold on RSI14 (17). 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 (OUT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect OUTFRONT Media Inc to open at $14.93, and during the day (based on 14 day Average True Range), to move between $14.38 and $15.36, which gives a possible trading interval of +/-$0.494 (+/-3.32%) up or down from last closing price. If OUTFRONT Media Inc takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.73 (0.94%) than the resistance at $15.34 (3.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OUTFRONT Media Inc stock A Buy?
The OUTFRONT Media Inc stock holds several negative signals and despite the positive trend, we believe OUTFRONT Media Inc will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.
Current score: -1.567 Sell Candidate Downgraded
Predicted Opening Price for OUTFRONT Media Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $14.93 ( 0.426%) | $14.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OUT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.24 | 2.51 % | |
| R2 | 15.12 | 1.71 % | ||
| R1 | 15.05 | 1.22 % | ||
| Current price: | 14.87 | |||
| Support | S1 | 14.81 | -0.370 % | |
| S2 | 14.74 | -0.86 % | ||
| S3 | 14.62 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.30 | 9.62 % | |
| R2 | 16.11 | 8.34 % | ||
| R1 | 15.34 | 3.16 % | ||
| Current price | 14.87 | |||
| Support | S1 | 14.73 | -0.94% | |
| S2 | 12.75 | -14.26% | ||
| S3 | 12.43 | -16.41% |
OUT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 29, 2024 | Mar 28, 2024 | $0.300 | 1.79% |
| 2 | Nov 02, 2023 | Nov 30, 2023 | Dec 29, 2023 | $0.300 | 2.15% |
| 3 | Aug 03, 2023 | Aug 31, 2023 | Sep 29, 2023 | $0.300 | 2.97% |
| 4 | May 03, 2023 | Jun 01, 2023 | Jun 30, 2023 | $0.300 | 1.91% |
| 5 | Feb 22, 2023 | Mar 02, 2023 | Mar 31, 2023 | $0.300 | 1.85% |
FAQ
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