RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SKT
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Tanger Factory Outlet Centers Inc stock price down 0.0677% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 2.53% PDF

The Tanger Factory Outlet Centers Inc stock price fell by -0.0677% on the last day (Thursday, 28th Mar 2024) from $29.55 to $29.53. During the last trading day the stock fluctuated 1.36% from a day low at $29.39 to a day high of $29.79. The price has risen in 6 of the last 10 days and is up by 3.91% over the past 2 weeks. Volume has increased on the last day by 380 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 855 thousand shares were bought and sold for approximately $25.24 million.

The stock 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 8.91% during the next 3 months and, with a 90% probability hold a price between $29.78 and $33.26 at the end of this 3-month period.

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SKT Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.0677%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Tanger Factory Outlet Centers 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 $29.03 and $28.63. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Tanger Factory Outlet Centers Inc stock

Tanger Factory Outlet Centers Inc finds support from accumulated volume at $28.82 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 $0.400 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 1.67%.

Our recommended stop-loss: $28.65 (-2.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SKT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Tanger Factory Outlet Centers Inc to open at $29.57, and during the day (based on 14 day Average True Range), to move between $28.96 and $30.10, which gives a possible trading interval of +/-$0.565 (+/-1.91%) up or down from last closing price. If Tanger Factory Outlet Centers Inc takes out the full calculated possible swing range there will be an estimated 3.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.55 (0.07%) than the support at $28.82 (2.40%), 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 Tanger Factory Outlet Centers Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tanger Factory Outlet Centers Inc stock to perform well in the short-term.

Current score: 2.657 Buy Candidate Unchanged

Predicted Opening Price for Tanger Factory Outlet Centers Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$29.57 ( 0.135%) $29.53

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

Trading levels for SKT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 29.97 1.49 %
R2 29.82 0.97 %
R1 29.72 0.653 %
Current price: 29.53
Support S1 29.42 -0.382 %
S2 29.32 -0.702 %
S3 29.17 -1.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 29.80 0.91 %
R1 29.55 0.0677 %
Current price 29.53
Support S1 28.82 -2.40%
S2 28.64 -3.01%
S3 25.83 -12.53%

SKT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 17, 2024 Jan 30, 2024 Feb 15, 2024 $0.260 0.94%
2 Oct 13, 2023 Oct 30, 2023 Nov 15, 2023 $0.260 1.02%
3 Jul 14, 2023 Jul 28, 2023 Aug 15, 2023 $0.245 1.00%
4 Apr 11, 2023 Apr 27, 2023 May 15, 2023 $0.245 1.26%
5 Jan 19, 2023 Jan 30, 2023 Feb 15, 2023 $0.220 1.18%

FAQ

What is the symbol for Tanger Factory Outlet Centers Inc Stock and on which exchange is it traded?
The symbol for Tanger Factory Outlet Centers Inc is SKT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tanger Factory Outlet Centers Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tanger Factory Outlet Centers Inc stock to perform well in the short-term.

How to buy Tanger Factory Outlet Centers Inc Stock?
Tanger Factory Outlet Centers Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tanger Factory Outlet Centers Inc Stock.

What's the current price of Tanger Factory Outlet Centers Inc Stock?
As of the end of day on the 2024-03-28, the price of an Tanger Factory Outlet Centers Inc (SKT) share was $29.53.

What is the 52-week high and low for Tanger Factory Outlet Centers Inc Stock?
The 52-week high for Tanger Factory Outlet Centers Inc Stock is $29.97 and the 52-week low is $18.00.

What is the market capitalization of Tanger Factory Outlet Centers Inc Stock?
As of the 2024-03-28, the market capitalization of Tanger Factory Outlet Centers Inc is 3.134B.

When is the next earnings date for Tanger Factory Outlet Centers Inc?
The upcoming earnings date for Tanger Factory Outlet Centers Inc is Apr 30, 2024.
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About Tanger Factory Outlet Centers Inc

Tanger Factory Outlet Centers Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of open-air upscale outlet shopping centers that owns, or has an ownership interest in, a portfolio of 38 centers. Tanger's operating properties are located in 20 states and in Canada, totaling approximately 14.1 million square feet, leased to over 2,700 stores operated by more than 500 different brand name companies. The Company has more than 39 years of experience in the outl... SKT Profile

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