Apartment Investment and Management Co Stock Forecast
Apartment Investment and Management Co stock price ended at $7.77 on Wednesday, after losing 2.39%.
(Updated on May 29, 2024)
The Apartment Investment and Management Co stock price fell by -2.39% on the last day (Wednesday, 29th May 2024) from $7.96 to $7.77. During the last trading day the stock fluctuated 2.67% from a day low at $7.68 to a day high of $7.89. The price has been going up and down for this period, and there has been a -4.9% loss for the last 2 weeks. Volume has increased on the last day by 831 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, 1 million shares were bought and sold for approximately $10.33 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $8.05. A reaction back to this level may hold a second chance to get out before further falls.
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AIV Signals & Forecast
There are few to no technical positive signals at the moment. The Apartment Investment and Management Co 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 $8.13 and $8.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -7.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Tuesday, May 21, 2024 with a target of $7.88. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Apartment Investment and Management Co stock
Apartment Investment and Management Co finds support from accumulated volume at $7.76 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 $0.205 between high and low, or 2.67%. For the last week the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AIV) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Apartment Investment and Management Company to open at $7.78, and during the day (based on 14 day Average True Range), to move between $7.59 and $7.95, which gives a possible trading interval of +/-$0.184 (+/-2.37%) up or down from last closing price. If Apartment Investment and Management Company takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.76 (0.13%) than the resistance at $7.99 (2.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Apartment Investment and Management Company stock A Buy?
The Apartment Investment and Management Co stock holds several negative signals and despite the positive trend, we believe Apartment Investment and Management Co will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.816 Sell Candidate Unchanged
Predicted Opening Price for Apartment Investment and Management Company of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $7.78 ( 0.107%) | $7.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.98 | 2.75 % | |
| R2 | 7.91 | 1.74 % | ||
| R1 | 7.86 | 1.12 % | ||
| Current price: | 7.77 | |||
| Support | S1 | 7.70 | -0.90 % | |
| S2 | 7.65 | -1.52 % | ||
| S3 | 7.57 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.28 | 6.56 % | |
| R2 | 8.00 | 2.96 % | ||
| R1 | 7.99 | 2.83 % | ||
| Current price | 7.77 | |||
| Support | S1 | 7.76 | -0.129% | |
| S2 | 7.70 | -0.90% | ||
| S3 | 7.58 | -2.45% |
AIV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 28, 2022 | Sep 13, 2022 | Sep 30, 2022 | $0.0200 | 0.274% |
| 2 | Oct 23, 2020 | Nov 03, 2020 | Nov 30, 2020 | $1.09 | 3.60% |
| 3 | Jul 29, 2020 | Aug 13, 2020 | Aug 28, 2020 | $0.0547 | 0.150% |
| 4 | Apr 29, 2020 | May 14, 2020 | May 29, 2020 | $0.0547 | 0.148% |
| 5 | Jan 29, 2020 | Feb 13, 2020 | Feb 28, 2020 | $0.0547 | 0.114% |
FAQ
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