Armada Hoffler Properties Inc Stock Forecast
Armada Hoffler Properties Inc stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Armada Hoffler Properties Inc stock price fell by -1.50% on the last day (Wednesday, 24th Apr 2024) from $10.70 to $10.54. During the last trading day the stock fluctuated 1.14% from a day low at $10.52 to a day high of $10.64. The price has been going up and down for this period, and there has been a 1.25% gain for the last 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 -51 thousand shares and in total, 198 thousand shares were bought and sold for approximately $2.09 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.67 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.56% during the next 3 months and, with a 90% probability hold a price between $8.06 and $9.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AHH Signals & Forecast
The Armada Hoffler Properties Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $10.41 and $10.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 5.19%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Armada Hoffler Properties Inc stock
Armada Hoffler Properties Inc finds support from accumulated volume at $10.40 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 $0.120 (1.14%) between high and low. For the last week, the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: $9.92 (-5.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (AHH) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Armada Hoffler Properties Inc to open at $10.57, and during the day (based on 14 day Average True Range), to move between $10.31 and $10.77, which gives a possible trading interval of +/-$0.234 (+/-2.22%) up or down from last closing price. If Armada Hoffler Properties Inc takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.62 (0.76%) than the support at $10.40 (1.33%), 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 Armada Hoffler Properties Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.247 Buy Candidate Upgraded
Predicted Opening Price for Armada Hoffler Properties Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $10.57 ( 0.253%) | $10.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AHH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.69 | 1.39 % | |
| R2 | 10.64 | 0.96 % | ||
| R1 | 10.61 | 0.688 % | ||
| Current price: | 10.54 | |||
| Support | S1 | 10.52 | -0.182 % | |
| S2 | 10.49 | -0.451 % | ||
| S3 | 10.45 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.44 | 8.54 % | |
| R2 | 10.82 | 2.66 % | ||
| R1 | 10.62 | 0.759 % | ||
| Current price | 10.54 | |||
| Support | S1 | 10.40 | -1.33% | |
| S2 | 10.38 | -1.52% | ||
| S3 | 10.24 | -2.85% |
AHH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 26, 2024 | Apr 04, 2024 | $0.205 | 1.97% |
| 2 | Dec 14, 2023 | Dec 26, 2023 | Jan 04, 2024 | $0.195 | 1.59% |
| 3 | Sep 15, 2023 | Sep 26, 2023 | Oct 05, 2023 | $0.200 | 1.92% |
| 4 | May 08, 2023 | Jun 27, 2023 | Jul 06, 2023 | $0.195 | 1.65% |
| 5 | Feb 28, 2023 | Mar 28, 2023 | Apr 06, 2023 | $0.190 | 1.58% |
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