Previous Hold Today SGA ranks #2110 as HOLD CANDIDATE #2110 Next Hold

SGA stock forecast Saga Communications, Inc

SGA stock forecast

Friday November 15, 2019 Change 0.20% Price $30.06
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

SGA Forecast and Technical Stock Analysis


Hold candidate since 2019-11-13 Gain 0.20% PDF

Saga Communications, Inc gained 0.20% in the last trading day ( Friday, 15th Nov 2019 ), rising from $30.00 to $30.06 During the day the stock fluctuated 2.16% from a day low at $30.05 to a day high of $30.70. The price has risen in 4 of the last 10 days and is up by 0.03% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 498 more shares were traded than the day before. In total, 5 498 shares bought and sold for approximately $165 270.00.

Quick summary:

  • 30 day high of the SGA stock price was $31.10 and low was $29.40.
  • 90 day high was $31.80 and low was $28.00.
  • 52 week high for Saga Communications, Inc - $37.89 and low - $28.00.
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Trend

Saga Communications, Inc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.7% during the next 3 months and, with 90% probability hold a price between $30.72 and $33.94 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Tuesday November 12, 2019, which indicates further gains until a new top pivot has been found. Saga Communications, Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Saga Communications, Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $30.11 and $30.22. A break-up above any of these levels will issue buy signals.

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A sell signal from a double top formation was found on Tuesday November 05, 2019 and based on theory for this formation the price should fall by -1.13% to $29.50 within 10 trading days since signal was issued (Tuesday November 19, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 46 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

Saga Communications, Inc finds support from accumulated volume at $30.02.

Support: $30.02 Price: $30.06 Resistance: $30.11

Risk

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 $0.65 (2.16%) between high and low. For the last week, the stock has had daily average volatility of 1.38%.

Our recommended stop-loss: $28.25 (-6.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

1.38 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Saga Communications, Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Previous Hold Today SGA ranks #2110 as HOLD CANDIDATE #2110 Next Hold
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