Sabra Healthcare REIT Stock Forecast
Sabra Healthcare REIT stock price down 0.436% on Monday
(Updated on Apr 15, 2024)
The Sabra Healthcare REIT stock price fell by -0.436% on the last day (Monday, 15th Apr 2024) from $13.75 to $13.69. During the last trading day the stock fluctuated 1.70% from a day low at $13.61 to a day high of $13.84. The price has fallen in 8 of the last 10 days and is down by -6.93% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -217 thousand shares and in total, 935 thousand shares were bought and sold for approximately $12.80 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $13.75. A reaction back to this level may hold a second chance to get out before further falls.
SBRA Signals & Forecast
There are few to no technical positive signals at the moment. The Sabra Healthcare REIT 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 $14.02 and $14.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -7.31%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sabra Healthcare REIT stock
Sabra Healthcare REIT finds support from accumulated volume at $13.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.231 (1.70%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SBRA) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Sabra Healthcare REIT to open at $13.71, and during the day (based on 14 day Average True Range), to move between $13.39 and $13.99, which gives a possible trading interval of +/-$0.299 (+/-2.19%) up or down from last closing price. If Sabra Healthcare REIT takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.86 (1.24%) than the support at $13.52 (1.24%), 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 Sabra Healthcare REIT stock A Buy?
The Sabra Healthcare REIT stock holds several negative signals and despite the positive trend, we believe Sabra Healthcare REIT will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.279 Sell Candidate Unchanged
Predicted Opening Price for Sabra Healthcare REIT of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $13.71 ( 0.149%) | $13.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBRA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.94 | 1.84 % | |
| R2 | 13.85 | 1.19 % | ||
| R1 | 13.80 | 0.794 % | ||
| Current price: | 13.69 | |||
| Support | S1 | 13.62 | -0.496 % | |
| S2 | 13.57 | -0.89 % | ||
| S3 | 13.48 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.13 | 3.21 % | |
| R2 | 13.88 | 1.39 % | ||
| R1 | 13.86 | 1.24 % | ||
| Current price | 13.69 | |||
| Support | S1 | 13.52 | -1.24% | |
| S2 | 13.44 | -1.83% | ||
| S3 | 13.40 | -2.12% |
SBRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 12, 2024 | Feb 29, 2024 | $0.300 | 2.16% |
| 2 | Nov 06, 2023 | Nov 16, 2023 | Nov 30, 2023 | $0.300 | 2.05% |
| 3 | Aug 07, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.300 | 2.39% |
| 4 | May 03, 2023 | May 15, 2023 | May 31, 2023 | $0.300 | 2.66% |
| 5 | Feb 01, 2023 | Feb 10, 2023 | Feb 28, 2023 | $0.300 | 2.52% |
FAQ
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