Seritage Growth Properties Stock Forecast
Green day on Thursday for Seritage Growth Properties
(Updated on Mar 28, 2024)
The Seritage Growth Properties stock price gained 2.77% on the last trading day (Thursday, 28th Mar 2024), rising from $9.39 to $9.65. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.44% from a day low at $9.44 to a day high of $9.67. The price has risen in 6 of the last 10 days and is up by 5.58% 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, 238 thousand more shares were traded than the day before. In total, 584 thousand shares were bought and sold for approximately $5.63 million.
Given the current horizontal trend, you can expect Seritage Growth Properties stock with a 90% probability to be traded between $8.60 and $9.46 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. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $9.25 and $9.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 9.66%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Seritage Growth Properties stock
Seritage Growth Properties finds support from accumulated volume at $9.59 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 $0.230 (2.44%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: $9.28 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (SRG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Seritage Growth Properties to open at $9.58, and during the day (based on 14 day Average True Range), to move between $9.46 and $9.84, which gives a possible trading interval of +/-$0.189 (+/-1.95%) up or down from last closing price. If Seritage Growth Properties takes out the full calculated possible swing range there will be an estimated 3.91% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $9.59, some $0.0600 (0.62%) from the current price of $9.65, our system finds the risk reward attractive.
Is Seritage Growth Properties stock A Buy?
Seritage Growth Properties 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Seritage Growth Properties of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$9.58 ( 0.691%) | $9.65 |
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 | 9.81 | 1.69 % | |
R2 | 9.73 | 0.782 % | ||
R1 | 9.67 | 0.220 % | ||
Current price: | 9.65 | |||
Support | S1 | 9.50 | -1.60 % | |
S2 | 9.44 | -2.16 % | ||
S3 | 9.35 | -3.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 9.65 | |||
Support | S1 | 9.59 | -0.622% | |
S2 | 9.36 | -3.01% | ||
S3 | 9.14 | -5.28% |
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
Click here for our free guide on how to buy Seritage Growth Properties Stock.