SGA Forecast and Technical Stock Analysis
Hold candidate since 2019-07-19
Saga Communications, Inc gained 1.20% in the last trading day ( Friday, 19th Jul 2019 ), rising from $30.10 to $30.46 During the day the stock fluctuated 3.42% from a day low at $29.45 to a day high of $30.46. The price has risen in 6 of the last 10 days , but is still down by -0.68% for this period. Volume fell in the last day by -60 523 shares and in total, 17 764 shares bought and sold for approximately $541 091.00. 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.
- 30 day high of the SGA stock price was $31.68 and low was $28.25.
- 90 day high was $34.88 and low was $28.00.
- 52 week high for Saga Communications, Inc - $38.85 and low - $28.00.
Saga Communications, Inc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.40% during the next 3 months and, with 90% probability hold a price between $25.85 and $31.24 at the end of this period.
Saga Communications, Inc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $30.80. On a fall, the stock will find some support from the long-term average at approximately $29.87. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday July 18, 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 44 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 $30.10.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $28.79 (-5.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
2.33 %Average volatility
Very Low Low Medium High Very High
Saga Communications, Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|SGA $30.46 ($0.36 1.20%)|
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