Invitation Homes Inc Stock Forecast
Weaker technical forecast for Invitation Homes Inc as stock downgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Invitation Homes Inc stock price fell by -0.319% on the last day (Friday, 3rd May 2024) from $34.50 to $34.39. During the last trading day the stock fluctuated 2.42% from a day low at $34.28 to a day high of $35.11. The price has risen in 6 of the last 10 days and is up by 2.44% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -366 thousand shares and in total, 3 million shares were bought and sold for approximately $105.57 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.32% during the next 3 months and, with a 90% probability hold a price between $34.80 and $37.78 at the end of this 3-month period.
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INVH Signals & Forecast
There are mixed signals in the stock today. The Invitation Homes 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 $34.42 and $34.45. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.09%. 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). The stock had a Golden Star Signal on Monday, December 11, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, December 11, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Invitation Homes Inc stock
Invitation Homes Inc finds support from accumulated volume at $34.20 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 $0.83 (2.42%) between high and low. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: $32.61 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (INVH) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Invitation Homes Inc to open at $34.59, and during the day (based on 14 day Average True Range), to move between $33.74 and $35.04, which gives a possible trading interval of +/-$0.651 (+/-1.89%) up or down from last closing price. If Invitation Homes Inc takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.20 (0.55%) than the resistance at $34.61 (0.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Invitation Homes Inc stock A Buy?
Invitation Homes Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.694 Hold/Accumulate Downgraded
Predicted Opening Price for Invitation Homes Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$34.59 ( 0.591%) | $34.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INVH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.42 | 3.00 % | |
R2 | 35.11 | 2.08 % | ||
R1 | 34.91 | 1.51 % | ||
Current price: | 34.39 | |||
Support | S1 | 34.28 | -0.331 % | |
S2 | 34.08 | -0.90 % | ||
S3 | 33.76 | -1.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.10 | 2.06 % | |
R2 | 34.87 | 1.40 % | ||
R1 | 34.61 | 0.640 % | ||
Current price | 34.39 | |||
Support | S1 | 34.20 | -0.552% | |
S2 | 33.07 | -3.84% | ||
S3 | 32.33 | -5.99% |
INVH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 27, 2024 | Apr 19, 2024 | $0.280 | 0.83% |
2 | Dec 08, 2023 | Dec 26, 2023 | Jan 19, 2024 | $0.280 | 0.83% |
3 | Oct 20, 2023 | Nov 06, 2023 | Nov 22, 2023 | $0.260 | 0.779% |
4 | Jul 21, 2023 | Aug 07, 2023 | Aug 25, 2023 | $0.260 | 0.770% |
5 | Apr 28, 2023 | May 09, 2023 | May 26, 2023 | $0.260 | 0.779% |
FAQ
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