Seritage Growth Properties Stock Forecast
Green day on Friday for Seritage Growth Properties stock after gaining 0.647%
(Updated on Apr 19, 2024)
The Seritage Growth Properties stock price gained 0.647% on the last trading day (Friday, 19th Apr 2024), rising from $9.28 to $9.34. It has now gained 3 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 1.84% from a day low at $9.24 to a day high of $9.41. The price has risen in 5 of the last 10 days but is still down by -2.51% for this period. Volume fell on the last day by -68 thousand shares and in total, 391 thousand shares were bought and sold for approximately $3.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and 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 $8.77 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
There are mixed signals in the stock today. The Seritage Growth Properties stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.35. On a fall, the stock will find some support from the short-term average at $9.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.41%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Seritage Growth Properties stock
Seritage Growth Properties finds support from accumulated volume at $9.27 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 $0.170 (1.84%) between high and low. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRG) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Seritage Growth Properties to open at $9.33, and during the day (based on 14 day Average True Range), to move between $9.13 and $9.55, which gives a possible trading interval of +/-$0.205 (+/-2.20%) up or down from last closing price. If Seritage Growth Properties takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.36 (0.21%) than the support at $9.27 (0.75%), 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?
Seritage Growth Properties holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.617 Sell Candidate Unchanged
Predicted Opening Price for Seritage Growth Properties of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $9.33 ( 0.107%) | $9.34 |
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 | 9.50 | 1.71 % | |
| R2 | 9.44 | 1.02 % | ||
| R1 | 9.39 | 0.588 % | ||
| Current price: | 9.34 | |||
| Support | S1 | 9.27 | -0.80 % | |
| S2 | 9.22 | -1.23 % | ||
| S3 | 9.16 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.64 | 3.21 % | |
| R2 | 9.38 | 0.428 % | ||
| R1 | 9.36 | 0.214 % | ||
| Current price | 9.34 | |||
| Support | S1 | 9.27 | -0.749% | |
| S2 | 9.21 | -1.39% | ||
| S3 | 9.14 | -2.14% |
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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