Saga Communications, Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Saga Communications, Inc stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Saga Communications, Inc stock price gained 2.46% on the last trading day (Thursday, 25th Apr 2024), rising from $22.74 to $23.30. During the last trading day the stock fluctuated 4.30% from a day low at $22.34 to a day high of $23.30. The price has risen in 7 of the last 10 days and is up by 5.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $128.27 thousand.
The stock lies the upper part of a falling trend in the short term, and this may 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 $23.60 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 -6.71% during the next 3 months and, with a 90% probability hold a price between $20.12 and $22.01 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SGA Signals & Forecast
The Saga Communications, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.76 and $22.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 6.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Saga Communications, Inc has increased 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. The stock had a Golden Star Signal on Wednesday, August 23, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, August 23, 2023 in the long-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.
Support, Risk & Stop-loss for Saga Communications, Inc stock
Saga Communications, Inc finds support from accumulated volume at $22.75 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.96 between high and low, or 4.30%. For the last week the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: $22.33 (-4.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (SGA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Saga Communications, Inc to open at $22.98, and during the day (based on 14 day Average True Range), to move between $22.71 and $23.89, which gives a possible trading interval of +/-$0.590 (+/-2.53%) up or down from last closing price. If Saga Communications, Inc takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.57 (1.16%) than the support at $22.75 (2.36%), 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 Saga Communications, Inc stock A Buy?
Saga Communications, Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Saga Communications, Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$22.98 ( 1.37%) | $23.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.94 | 2.75 % | |
R2 | 23.57 | 1.17 % | ||
R1 | 23.35 | 0.201 % | ||
Current price: | 23.30 | |||
Support | S1 | 22.61 | -2.95 % | |
S2 | 22.39 | -3.92 % | ||
S3 | 22.02 | -5.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.50 | 5.15 % | |
R2 | 23.59 | 1.24 % | ||
R1 | 23.57 | 1.16 % | ||
Current price | 23.30 | |||
Support | S1 | 22.75 | -2.36% | |
S2 | 22.62 | -2.92% | ||
S3 | 22.37 | -3.99% |
SGA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 15, 2024 | Apr 05, 2024 | $0.600 | 2.67% |
2 | Feb 16, 2024 | Feb 16, 2024 | Mar 08, 2024 | $0.250 | 1.02% |
3 | Dec 07, 2023 | Dec 19, 2023 | Jan 12, 2024 | $1.00 | 4.58% |
4 | Nov 16, 2023 | Nov 24, 2023 | Dec 15, 2023 | $0.250 | 0.98% |
5 | Sep 27, 2023 | Oct 10, 2023 | Nov 03, 2023 | $0.250 | 1.25% |
FAQ
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