Apartment Investment and Management Co Stock Forecast
Weaker technical forecast for Apartment Investment and Management Co as stock downgraded to Sell Candidate.
(Updated on Jun 17, 2024)
The Apartment Investment and Management Co stock price fell by -0.620% on the last day (Monday, 17th Jun 2024) from $8.07 to $8.02. During the last trading day the stock fluctuated 1.13% from a day low at $7.97 to a day high of $8.06. The price has risen in 6 of the last 10 days and is up by 0.88% over the past 2 weeks. Volume has increased on the last day by 216 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, 803 thousand shares were bought and sold for approximately $6.44 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 2.44% during the next 3 months and, with a 90% probability hold a price between $7.99 and $8.75 at the end of this 3-month period.
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AIV Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 3.35%. 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. 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. 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 $8.05 and $8.10. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should go up by 3.14% to $8.27 within 30 trading days since signal was issued (Tuesday, June 18, 2024).
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.
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 $0.0900 (1.13%) between high and low. For the last week, the stock has had daily average volatility of 1.81%.
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 Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Apartment Investment and Management Company to open at $8.02, and during the day (based on 14 day Average True Range), to move between $7.86 and $8.18, which gives a possible trading interval of +/-$0.164 (+/-2.04%) 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 4.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.00 (0.25%) than the resistance at $8.06 (0.50%), 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. 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 Sell candidate.
Current score: -2.244 Sell Candidate Downgraded
Predicted Opening Price for Apartment Investment and Management Company of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $8.02 ( 0.0416%) | $8.02 |
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 | |
|---|---|---|
| R3 | 8.11 | 1.08% |
| R2 | 8.07 | 0.652% |
| R1 | 8.05 | 0.387% |
| Price | 8.02 | |
| S1 | 7.98 | -0.470% |
| S2 | 7.96 | -0.735% |
| S3 | 7.93 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.39 | 4.61% |
| R2 | 8.28 | 3.24% |
| R1 | 8.06 | 0.499% |
| Price | 8.02 | |
| S1 | 8.00 | -0.249% |
| S2 | 7.99 | -0.374% |
| S3 | 7.76 | -3.24% |
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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