Sabra Healthcare REIT Stock Forecast

Red day on Wednesday for Sabra Healthcare REIT stock after losing 0%
(Updated on Jun 06, 2018)

SBRAP Signals & Forecast

The Sabra Healthcare REIT stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $25.41. On a fall, the stock will find some support from the long-term average at approximately $25.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 30, 2018, and so far it has fallen -0.0787%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, April 27, 2018 in the short-term chart.

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.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Sabra Healthcare REIT stock

Sabra Healthcare REIT finds support from accumulated volume at $25.39 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0236%

Our recommended stop-loss: $24.41 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (SBRAP) For The Upcoming Trading Day Of Thursday 7th

For the upcoming trading day on Thursday, 7th we expect Sabra Healthcare REIT to open at $25.40, and during the day (based on 14 day Average True Range), to move between $25.33 and $25.47, which gives a possible trading interval of +/-$0.0690 (+/-0.27%) up or down from last closing price. If Sabra Healthcare REIT takes out the full calculated possible swing range there will be an estimated 0.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.39 (0.04%) than the resistance at $25.41 (0.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sabra Healthcare REIT stock A Buy?

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 a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.390 Hold/Accumulate Unchanged

Predicted Opening Price for Sabra Healthcare REIT of Thursday, June 7, 2018

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