Tanger Factory Outlet Centers Inc Stock Forecast
Tanger Factory Outlet Centers Inc stock price down 0.0677% on Thursday
(Updated on Mar 28, 2024)
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
# | 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
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