Sotherly Hotels Inc. 8.0% Series B Stock Forecast
Red day on Thursday for Sotherly Hotels Inc. 8.0% Series B stock after losing 1.77%
(Updated on Mar 28, 2024)
The Sotherly Hotels Inc. 8.0% Series B stock price fell by -1.77% on the last day (Thursday, 28th Mar 2024) from $19.18 to $18.84. During the last trading day the stock fluctuated 1.23% from a day low at $18.84 to a day high of $19.07. The price has fallen in 6 of the last 10 days and is down by -3.63% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 shares and in total, 1 thousand shares were bought and sold for approximately $20.74 thousand.
The stock 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 -2.92% during the next 3 months and, with a 90% probability hold a price between $17.46 and $19.77 at the end of this 3-month period.
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SOHOB Signals & Forecast
There are few to no technical positive signals at the moment. The Sotherly Hotels Inc. 8.0% Series B stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $19.15 and $19.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -7.98%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sotherly Hotels Inc. 8.0% Series B stock
Sotherly Hotels Inc. 8.0% Series B finds support from accumulated volume at $18.75 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.231 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 0.700%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOHOB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sotherly Hotels Inc. 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock to open at $18.92, and during the day (based on 14 day Average True Range), to move between $18.47 and $19.21, which gives a possible trading interval of +/-$0.366 (+/-1.94%) up or down from last closing price. If Sotherly Hotels Inc. 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.75 (0.48%) than the resistance at $19.04 (1.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sotherly Hotels Inc. 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock stock A Buy?
Sotherly Hotels Inc. 8.0% Series B holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.682 Sell Candidate Unchanged
Predicted Opening Price for Sotherly Hotels Inc. 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$18.92 ( 0.409%) | $18.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOHOB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.15 | 1.63 % | |
R2 | 19.06 | 1.17 % | ||
R1 | 19.01 | 0.88 % | ||
Current price: | 18.84 | |||
Support | S1 | 18.83 | -0.0597 % | |
S2 | 18.78 | -0.349 % | ||
S3 | 18.69 | -0.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.30 | 2.44 % | |
R2 | 19.09 | 1.32 % | ||
R1 | 19.04 | 1.06 % | ||
Current price | 18.84 | |||
Support | S1 | 18.75 | -0.482% | |
S2 | 18.65 | -1.01% | ||
S3 | 18.49 | -1.86% |
SOHOB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 29, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.500 | 2.56% |
2 | Oct 30, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.500 | 2.52% |
3 | Jul 31, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.500 | 2.17% |
4 | May 25, 2023 | Jun 29, 2023 | Sep 15, 2023 | $0.500 | 2.17% |
5 | Apr 24, 2023 | May 30, 2023 | Jun 15, 2023 | $0.500 | 2.02% |
FAQ
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