Safehold (SAFE, $28.74)Record-breaking daily growth volume of 397%
Safehold Inc. (SAFE) experienced an unprecedented increase in trading volume over the past two days. This surge in volume resulted in a record-breaking daily growth of 397% compared to the 65-Day Volume Moving Average, with the total volume sitting at 754.9K. Despite the significant increase in trading activity, the stock's price remained almost unchanged, with a small -1.29% price change, leaving the stock's price at $29.18.
The increase in trading volume could indicate a change in trend, and may be a buy signal for investors. A.I.dvisor, an artificial intelligence tool, analyzed 19 similar cases and found that 14 of them were successful. Based on this data, the odds of success for Safehold Inc. are calculated at +74%.
In addition to the increase in trading volume, it's worth noting that the RSI (Relative Strength Index) indicator for Safehold Inc. has remained in the oversold zone for seven consecutive days. This indicates that the stock is potentially undervalued and may experience a price increase in the near future. In fact, the longer the RSI indicator remains in the oversold zone, the more likely an uptrend is expected.
When looking at the company's earnings results, Safehold Inc. reported revenue of $44.2 million for the fourth quarter of 2022, a 9% increase from the same period in the previous year. The company's net income for the quarter was $7.6 million, or $0.18 per share, compared to $7.4 million, or $0.19 per share, in the same period of the previous year.
The significant increase in trading volume for Safehold Inc. suggests a potential change in trend, and the RSI indicator remaining in the oversold zone indicates a possible price increase in the near future. The company's earnings results indicate steady growth, which further supports the potential for a positive price trend. However, investors should always exercise caution and conduct their own research before making any investment decisions.
SAFE sees MACD Histogram just turned negative
SAFE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 11, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 44 instances where the indicator turned negative. In of the 44 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
SAFE moved below its 50-day moving average on April 10, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SAFE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SAFE entered a downward trend on April 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Momentum Indicator moved above the 0 level on April 29, 2024. You may want to consider a long position or call options on SAFE as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SAFE advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
SAFE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.640) is normal, around the industry mean (1.959). P/E Ratio (8.795) is within average values for comparable stocks, (61.735). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.879). Dividend Yield (0.035) settles around the average of (0.068) among similar stocks. P/S Ratio (3.802) is also within normal values, averaging (7.148).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SAFE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SAFE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
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