Amerco Stock Forecast
Green day on Thursday for Amerco stock after gaining 1.85%
(Updated on Mar 28, 2024)
The Amerco stock price gained 1.85% on the last trading day (Thursday, 28th Mar 2024), rising from $66.31 to $67.54. During the last trading day the stock fluctuated 1.70% from a day low at $66.54 to a day high of $67.67. The price has been going up and down for this period, and there has been a 1.82% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 97 thousand shares were bought and sold for approximately $6.53 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 stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $66.95, a level that may pose a second chance to hit a runner. According to fan-theory $72.78 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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UHAL Signals & Forecast
The Amerco stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $66.51 and $65.52. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -0.472%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Amerco stock
Amerco finds support from accumulated volume at $67.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.13 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: $65.23 (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (UHAL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amerco to open at $67.25, and during the day (based on 14 day Average True Range), to move between $66.08 and $69.00, which gives a possible trading interval of +/-$1.46 (+/-2.16%) up or down from last closing price. If Amerco takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $67.86 (0.47%) than the support at $67.16 (0.56%), 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 Amerco stock A Buy?
Amerco 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: 0.918 Hold/Accumulate Unchanged
Predicted Opening Price for Amerco of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$67.25 ( 0.429%) | $67.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UHAL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 68.38 | 1.24 % | |
R2 | 67.95 | 0.605 % | ||
R1 | 67.68 | 0.210 % | ||
Current price: | 67.54 | |||
Support | S1 | 66.82 | -1.07 % | |
S2 | 66.55 | -1.46 % | ||
S3 | 66.12 | -2.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 71.80 | 6.31 % | |
R2 | 71.11 | 5.29 % | ||
R1 | 67.86 | 0.474 % | ||
Current price | 67.54 | |||
Support | S1 | 67.16 | -0.563% | |
S2 | 67.14 | -0.592% | ||
S3 | 62.19 | -7.92% |
UHAL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 19, 2022 | Sep 02, 2022 | Sep 20, 2022 | $0.0500 | 0.0948% |
2 | Apr 08, 2022 | Apr 14, 2022 | Apr 29, 2022 | $0.0500 | 0.0934% |
3 | Oct 08, 2021 | Oct 15, 2021 | Oct 29, 2021 | $0.0500 | 0.0678% |
4 | Aug 20, 2021 | Sep 03, 2021 | Sep 21, 2021 | $0.0500 | 0.0769% |
5 | Jun 10, 2021 | Jun 23, 2021 | Jul 08, 2021 | $0.0500 | 0.0880% |
FAQ
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