Saratoga Investment Corp Stock Forecast
Saratoga Investment Corp stock price ended at $22.95 on Friday, after gaining 0.97%.
(Updated on Apr 19, 2024)
The Saratoga Investment Corp stock price gained 0.97% on the last trading day (Friday, 19th Apr 2024), rising from $22.73 to $22.95. During the last trading day the stock fluctuated 0.88% from a day low at $22.75 to a day high of $22.95. The price has been going up and down for this period, and there has been a -0.17% loss for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 36 thousand shares were bought and sold for approximately $825.08 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Saratoga Investment Corp stock with a 90% probability to be traded between $21.93 and $23.45 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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SAR Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Saratoga Investment Corp 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 $23.06. On a fall, the stock will find some support from the short-term average at $22.85. 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. 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.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 1.40% to $23.27 within 23 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for Saratoga Investment Corp stock
Saratoga Investment Corp finds support from accumulated volume at $22.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.200 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.28%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAR) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Saratoga Investment Corp to open at $22.88, and during the day (based on 14 day Average True Range), to move between $22.67 and $23.23, which gives a possible trading interval of +/-$0.281 (+/-1.22%) up or down from last closing price. If Saratoga Investment Corp takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.84 (0.48%) than the resistance at $23.14 (0.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Saratoga Investment Corp stock A Buy?
Saratoga Investment Corp 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: -1.574 Sell Candidate Unchanged
Predicted Opening Price for Saratoga Investment Corp of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $22.88 ( 0.290%) | $22.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.08 | 0.581 % | |
| R2 | 23.01 | 0.248 % | ||
| R1 | 22.96 | 0.0424 % | ||
| Current price: | 22.95 | |||
| Support | S1 | 22.81 | -0.623 % | |
| S2 | 22.76 | -0.83 % | ||
| S3 | 22.68 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.09 | 4.97 % | |
| R2 | 23.60 | 2.83 % | ||
| R1 | 23.14 | 0.83 % | ||
| Current price | 22.95 | |||
| Support | S1 | 22.84 | -0.479% | |
| S2 | 22.70 | -1.09% | ||
| S3 | 22.52 | -1.87% |
SAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 12, 2024 | Mar 28, 2024 | $0.730 | 3.15% |
| 2 | Nov 15, 2023 | Dec 08, 2023 | Dec 28, 2023 | $0.720 | 2.78% |
| 3 | Aug 14, 2023 | Sep 13, 2023 | Sep 28, 2023 | $0.710 | 2.77% |
| 4 | May 22, 2023 | Jun 12, 2023 | Jun 29, 2023 | $0.700 | 2.58% |
| 5 | Feb 28, 2023 | Mar 15, 2023 | Mar 30, 2023 | $0.690 | 2.76% |
FAQ
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