Seritage Growth Properties Stock Forecast
Seritage Growth Properties stock price down 0.527% on Wednesday
(Updated on Apr 24, 2024)
The Seritage Growth Properties stock price fell by -0.527% on the last day (Wednesday, 24th Apr 2024) from $9.48 to $9.43. During the last trading day the stock fluctuated 1.07% from a day low at $9.36 to a day high of $9.46. The price has fallen in 5 of the last 10 days and is down by -0.21% 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 -128 thousand shares and in total, 173 thousand shares were bought and sold for approximately $1.63 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Seritage Growth Properties stock with a 90% probability to be traded between $9.18 and $9.83 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SRG Signals & Forecast
The Seritage Growth Properties stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $9.33 and $9.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.39%. Further rise is indicated 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Seritage Growth Properties stock
Seritage Growth Properties finds support from accumulated volume at $9.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.100 (1.07%) between high and low. For the last week, the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: $8.91 (-5.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (SRG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Seritage Growth Properties to open at $9.42, and during the day (based on 14 day Average True Range), to move between $9.23 and $9.63, which gives a possible trading interval of +/-$0.196 (+/-2.08%) up or down from last closing price. If Seritage Growth Properties takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.45 (0.21%) than the support at $9.38 (0.53%), 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 Seritage Growth Properties stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Seritage Growth Properties stock to perform well in the short-term period.
Current score: 2.111 Buy Candidate Unchanged
Predicted Opening Price for Seritage Growth Properties of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$9.42 ( 0.141%) | $9.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.52 | 0.92 % | |
R2 | 9.48 | 0.514 % | ||
R1 | 9.45 | 0.264 % | ||
Current price: | 9.43 | |||
Support | S1 | 9.38 | -0.546 % | |
S2 | 9.35 | -0.797 % | ||
S3 | 9.32 | -1.20 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.64 | 2.23 % | |
R2 | 9.58 | 1.59 % | ||
R1 | 9.45 | 0.212 % | ||
Current price | 9.43 | |||
Support | S1 | 9.38 | -0.530% | |
S2 | 9.21 | -2.33% | ||
S3 | 9.14 | -3.08% |
SRG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 25, 2019 | Mar 28, 2019 | Apr 11, 2019 | $0.250 | 0.551% |
2 | Oct 23, 2018 | Dec 28, 2018 | Jan 10, 2019 | $0.250 | 0.706% |
3 | Jul 24, 2018 | Sep 27, 2018 | Oct 11, 2018 | $0.250 | 0.586% |
4 | Apr 25, 2018 | Jun 28, 2018 | Jul 12, 2018 | $0.250 | 0.575% |
5 | Feb 20, 2018 | Mar 28, 2018 | Apr 12, 2018 | $0.250 | 0.708% |
FAQ
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