Apartment Investment and Management Co Stock Forecast
Evaluation of Apartment Investment and Management Co stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Apartment Investment and Management Co stock price fell by -1.08% on the last day (Friday, 17th May 2024) from $8.36 to $8.27. During the last trading day the stock fluctuated 1.58% from a day low at $8.25 to a day high of $8.38. The price has risen in 5 of the last 10 days and is up by 0.85% 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 -146 thousand shares and in total, 509 thousand shares were bought and sold for approximately $4.21 million.
The stock lies in the middle of a wide and strong 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 10.29% during the next 3 months and, with a 90% probability hold a price between $8.75 and $9.66 at the end of this 3-month period.
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AIV Signals & Forecast
The Apartment Investment and Management Co 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 $8.21 and $8.07. 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). 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 Tuesday, April 09, 2024, and so far it has fallen -1.43%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Apartment Investment and Management Co stock
Apartment Investment and Management Co finds support from accumulated volume at $8.00 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 $0.130 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: $7.94 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (AIV) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Apartment Investment and Management Company to open at $8.30, and during the day (based on 14 day Average True Range), to move between $8.10 and $8.44, which gives a possible trading interval of +/-$0.167 (+/-2.02%) 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 4.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.28 (0.12%) than the support at $8.00 (3.26%), 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 Apartment Investment and Management Company stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Apartment Investment and Management Co stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.641 Buy Candidate Downgraded
Predicted Opening Price for Apartment Investment and Management Company of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $8.30 ( 0.363%) | $8.27 |
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 | 8.43 | 1.93 % | |
| R2 | 8.38 | 1.33 % | ||
| R1 | 8.35 | 0.96 % | ||
| Current price: | 8.27 | |||
| Support | S1 | 8.25 | -0.238 % | |
| S2 | 8.22 | -0.609 % | ||
| S3 | 8.17 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.39 | 1.45 % | |
| R2 | 8.36 | 1.09 % | ||
| R1 | 8.28 | 0.121 % | ||
| Current price | 8.27 | |||
| Support | S1 | 8.00 | -3.26% | |
| S2 | 7.99 | -3.39% | ||
| S3 | 7.30 | -11.73% |
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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