Saga Communications, Inc Forecast and Stock Analysis
Technical SGA stock analysis for February 15, 2019.
Saga Communications, Inc gained 0.66% in the last trading day, rising from $33.33 to $33.55 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a 0.39% gain for the last 2 weeks. Volume fell in the last day by -1 935 shares, and in total, 4 109 shares bought and sold for approximately $137 857.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SGA stock was $33.55. This is 0.66% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.01% from a day low at $33.50 to a day high of $34.51.
30 day high of the SGA stock price was $35.32 and low was $31.50.
90 day high was $37.89 and low was $30.05.
52 week high for the Saga Communications, Inc - $40.40 and low - $30.05.
Saga Communications, Inc lies the upper part of a wide and falling trend in the short term, and this will 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 $34.41 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 -10.08% during the next 3 months and, with 90% probability hold a price between $25.16 and $30.95 at the end of this period.
Saga Communications, Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $32.62 and $33.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 2019, which indicates further gains 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. 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.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
Saga Communications, Inc finds support from accumulated volume at $32.66.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $32.32 (-3.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.