Seritage Growth Properties Stock Forecast
Seritage Growth Properties stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)
The Seritage Growth Properties stock price gained 1.84% on the last trading day (Wednesday, 27th Mar 2024), rising from $9.22 to $9.39. 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 1.56% from a day low at $9.27 to a day high of $9.42. The price has been going up and down for this period, and there has been a 1.51% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 196 thousand more shares were traded than the day before. In total, 346 thousand shares were bought and sold for approximately $3.25 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $9.54 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.55% during the next 3 months and, with a 90% probability hold a price between $8.55 and $9.30 at the end of this 3-month period. 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 $9.16 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 6.70%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for Seritage Growth Properties stock
Seritage Growth Properties finds support from accumulated volume at $9.36 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 $0.145 (1.56%) between high and low. For the last week, the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: $8.99 (-4.24%) (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 28th
For the upcoming trading day on Thursday, 28th we expect Seritage Growth Properties to open at $9.36, and during the day (based on 14 day Average True Range), to move between $9.21 and $9.57, which gives a possible trading interval of +/-$0.182 (+/-1.94%) up or down from last closing price. If Seritage Growth Properties takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.36 (0.32%) than the resistance at $9.53 (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.937 Hold/Accumulate Upgraded
Predicted Opening Price for Seritage Growth Properties of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$9.36 ( 0.337%) | $9.39 |
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 | 1.21 % | |
R2 | 9.45 | 0.617 % | ||
R1 | 9.41 | 0.253 % | ||
Current price: | 9.39 | |||
Support | S1 | 9.30 | -0.93 % | |
S2 | 9.27 | -1.29 % | ||
S3 | 9.21 | -1.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.59 | 2.13 % | |
R2 | 9.58 | 2.02 % | ||
R1 | 9.53 | 1.49 % | ||
Current price | 9.39 | |||
Support | S1 | 9.36 | -0.319% | |
S2 | 9.35 | -0.426% | ||
S3 | 9.14 | -2.66% |
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.