SBRA Forecast and Technical Stock Analysis
Hold candidate since 2020-01-17 PDF
Sabra Healthcare REIT fell by -1.34% in the last day ( Friday, 17th Jan 2020 ) from $22.33 to $22.03 During the day the stock fluctuated 2.16% from a day low at $22.02 to a day high of $22.49. The price has risen in 5 of the last 10 days and is up by 4.38% over the past 2 weeks. Volume has increased in the last day by 0.11 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.64 million shares bought and sold for approximately $36.09 million.
- 30 day high of the SBRA stock price was $22.49 and low was $20.58.
- 90 day high was $24.95 and low was $20.46.
- 52 week high for Sabra Healthcare REIT - $24.95 and low - $17.31.
Sabra Healthcare REIT lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $22.28 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.29% during the next 3 months and, with 90% probability hold a price between $17.31 and $19.77 at the end of this period.
Sabra Healthcare REIT 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 $21.80 and $21.48. 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 Thursday January 16, 2020, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 70 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Sabra Healthcare REIT finds support from accumulated volume at $21.96.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.47 (2.16%) between high and low. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: $21.30 (-3.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)
2.25 %Average volatility
Very Low Low Medium High Very High
Sabra Healthcare REIT holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate candidate.
|SBRA $22.03 ($-0.30 -1.34%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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