American Homes 4 Rent Stock Forecast
American Homes 4 Rent stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)
The American Homes 4 Rent stock price fell by -1.76% on the last day (Friday, 3rd May 2024) from $36.40 to $35.76. During the last trading day the stock fluctuated 5.04% from a day low at $35.69 to a day high of $37.49. The price has risen in 6 of the last 10 days and is up by 1.39% over the past 2 weeks. Volume has increased on the last day by 593 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $81.99 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 2.14% during the next 3 months and, with a 90% probability hold a price between $35.56 and $38.62 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AMH Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Homes 4 Rent stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $36.02 and $35.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for American Homes 4 Rent stock
American Homes 4 Rent finds support from accumulated volume at $35.58 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 $1.80 between high and low, or 5.04%. For the last week the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: $34.55 (-3.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (AMH) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect American Homes 4 Rent to open at $36.31, and during the day (based on 14 day Average True Range), to move between $35.03 and $36.49, which gives a possible trading interval of +/-$0.731 (+/-2.04%) up or down from last closing price. If American Homes 4 Rent takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.58 (0.50%) than the resistance at $36.17 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is American Homes 4 Rent stock A Buy?
American Homes 4 Rent holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.659 Hold/Accumulate Downgraded
Predicted Opening Price for American Homes 4 Rent of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $36.31 ( 1.55%) | $35.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.11 | 6.58 % | |
| R2 | 37.43 | 4.66 % | ||
| R1 | 37.00 | 3.47 % | ||
| Current price: | 35.76 | |||
| Support | S1 | 35.63 | -0.375 % | |
| S2 | 35.20 | -1.56 % | ||
| S3 | 34.51 | -3.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.01 | 3.50 % | |
| R2 | 36.19 | 1.20 % | ||
| R1 | 36.17 | 1.15 % | ||
| Current price | 35.76 | |||
| Support | S1 | 35.58 | -0.503% | |
| S2 | 35.24 | -1.45% | ||
| S3 | 34.03 | -4.84% |
AMH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.260 | 0.707% |
| 2 | Oct 30, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.220 | 0.612% |
| 3 | Aug 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.220 | 0.653% |
| 4 | May 09, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.220 | 0.621% |
| 5 | Feb 10, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.220 | 0.700% |
FAQ
Click here for our free guide on how to buy American Homes 4 Rent Stock.
