SunLink Health Systems, Inc Stock Forecast
SunLink Health Systems, Inc stock price down 0% on Thursday
(Updated on Mar 28, 2024)
No changes to the price of SunLink Health Systems, Inc stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 2.05% from a day low at $0.730 to a day high of $0.745. The price has risen in 5 of the last 10 days but is still down by -3.95% for this period.
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 -23.94% during the next 3 months and, with a 90% probability hold a price between $0.534 and $0.601 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.
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SSY Signals & Forecast
There are mixed signals in the stock today. The SunLink Health Systems, Inc 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 $0.738 and $0.798. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for SunLink Health Systems, Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0150 between high and low, or 2.05%. For the last week the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SSY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SunLink Health Systems, Inc to open at $0.735, and during the day (based on 14 day Average True Range), to move between $0.698 and $0.762, which gives a possible trading interval of +/-$0.0324 (+/-4.43%) up or down from last closing price. If SunLink Health Systems, Inc takes out the full calculated possible swing range there will be an estimated 8.87% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.90, some $0.170 (23.27%) from the current price of $0.730, our system finds the risk reward not very attractive.
Is SunLink Health Systems, Inc stock A Buy?
SunLink Health Systems, Inc 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: -2.089 Sell Candidate Unchanged
Predicted Opening Price for SunLink Health Systems, Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.735 ( 0.685%) | $0.730 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.750 | 2.74 % | |
R2 | 0.744 | 1.95 % | ||
R1 | 0.741 | 1.47 % | ||
Current price: | 0.730 | |||
Support | S1 | 0.729 | -0.100 % | |
S2 | 0.726 | -0.585 % | ||
S3 | 0.720 | -1.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.91 | 24.49 % | |
R2 | 0.90 | 23.29 % | ||
R1 | 0.90 | 23.27 % | ||
Current price | 0.730 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
SSY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 22, 1993 | Nov 22, 1993 | Nov 22, 1993 | $0.262 | 4.76% |
2 | Sep 18, 1989 | Sep 29, 1989 | Oct 20, 1989 | $0.0247 | 0.600% |
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