Sabine Stock Forecast

Sabine stock price ended at $62.47 on Thursday, after losing 0.414%.
(Updated on Apr 25, 2024)

SBR Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.192%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sabine 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 $63.06 and $63.84. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Sabine gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Sabine stock

Sabine finds support from accumulated volume at $60.16 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 $0.88 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 1.98%.

Sabine is oversold on RSI14 (23). 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 (SBR) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Sabine Royalty Trust to open at $62.54, and during the day (based on 14 day Average True Range), to move between $61.10 and $63.84, which gives a possible trading interval of +/-$1.37 (+/-2.19%) up or down from last closing price. If Sabine Royalty Trust takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $62.78 (0.50%) than the support at $60.16 (3.70%), 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 Sabine Royalty Trust stock A Buy?

The Sabine stock holds several negative signals and despite the positive trend, we believe Sabine will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.807 Sell Candidate Unchanged

Predicted Opening Price for Sabine Royalty Trust of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.