Safe Bulkers Inc Stock Forecast
Safe Bulkers Inc stock price ended at $4.81 on Friday, after gaining 0.84%.
(Updated on Apr 19, 2024)
The Safe Bulkers Inc stock price gained 0.84% on the last trading day (Friday, 19th Apr 2024), rising from $4.77 to $4.81. During the last trading day the stock fluctuated 1.69% from a day low at $4.74 to a day high of $4.82. The price has been going up and down for this period, and there has been a -1.84% loss for the last 2 weeks. Volume fell on the last day by -194 thousand shares and in total, 266 thousand shares were bought and sold for approximately $1.28 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.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.74 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.79% during the next 3 months and, with a 90% probability hold a price between $5.87 and $6.77 at the end of this 3-month period.
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SB Signals & Forecast
There are few to no technical positive signals at the moment. The Safe Bulkers 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 $4.88. On a fall, the stock will find some support from the short-term average at $4.75. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -6.24%. 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). 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.
Support, Risk & Stop-loss for Safe Bulkers Inc stock
Safe Bulkers Inc finds support from accumulated volume at $4.73 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0800 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SB) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Safe Bulkers Inc to open at $4.79, and during the day (based on 14 day Average True Range), to move between $4.69 and $4.93, which gives a possible trading interval of +/-$0.116 (+/-2.42%) up or down from last closing price. If Safe Bulkers Inc takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.73 (1.66%) than the resistance at $4.91 (2.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Safe Bulkers Inc stock A Buy?
The Safe Bulkers Inc stock holds several negative signals and despite the positive trend, we believe Safe Bulkers Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.957 Sell Candidate Unchanged
Predicted Opening Price for Safe Bulkers Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $4.79 ( 0.416%) | $4.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.87 | 1.25 % | |
| R2 | 4.84 | 0.612 % | ||
| R1 | 4.82 | 0.220 % | ||
| Current price: | 4.81 | |||
| Support | S1 | 4.76 | -1.05 % | |
| S2 | 4.74 | -1.44 % | ||
| S3 | 4.71 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.98 | 3.53 % | |
| R2 | 4.96 | 3.12 % | ||
| R1 | 4.91 | 2.08 % | ||
| Current price | 4.81 | |||
| Support | S1 | 4.73 | -1.66% | |
| S2 | 4.60 | -4.37% | ||
| S3 | 4.25 | -11.64% |
SB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 12, 2024 | Feb 29, 2024 | Mar 19, 2024 | $0.0500 | 1.01% |
| 2 | Nov 07, 2023 | Nov 24, 2023 | Dec 14, 2023 | $0.0500 | 1.32% |
| 3 | Jul 26, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.0500 | 1.56% |
| 4 | May 10, 2023 | May 25, 2023 | Jun 07, 2023 | $0.0500 | 1.42% |
| 5 | Feb 14, 2023 | Feb 28, 2023 | Mar 17, 2023 | $0.0500 | 1.50% |
FAQ
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