SAFE Forecast and Technical Stock AnalysisBuy candidate since 2019-07-11 Gain 0.93%
Safety Income and Growth Inc gained 0.93% in the last trading day ( Friday, 12th Jul 2019 ), rising from $32.22 to $32.52 During day the stock fluctuated 2.93% from a day low at $32.05 to a day high of $32.99. The price has risen in 8 of the last 10 days and is up by 11.91% over the past 2 weeks. Volume fell in the last day by -1 158 shares, and in total, 43 926 shares bought and sold for approximately $1.43 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the SAFE stock price was $33.22 and low was $27.61.
- 90 day high was $33.22 and low was $22.45.
- 52 week high for the Safety Income and Growth Inc - $33.22 and low - $16.13.
Safety Income and Growth Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.97% during the next 3 months and, with 90% probability hold a price between $37.98 and $43.76 at the end of this period.
Safety Income and Growth Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $31.89 and $29.56. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 10, 2019, which indicates further falls until a new bottom pivot has been found. 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 also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
The stock holds a RSI14 at 83 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $30.89 and $30.20.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Safety Income and Growth Inc finds support just below today's level at $30.89. If this is broken, then the next support from accumulated volume will be at $30.20 and $25.70.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.94 between high and low, or 2.93%. For the last week the stock has had a daily average volatility of 3.23%.
Our recommended stoploss: $31.37 (-3.53%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)
3.23 %Average volatility
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|SAFE $32.52 ($0.30 0.93%)|
SAFE is up $0.30 today, but where's it headed in 2019?
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