American Homes 4 Rent Stock Forecast
American Homes 4 Rent stock price ended at $22.46 on Thursday, after losing 0%.
(Updated on Jun 27, 2024)
No changes to the price of American Homes 4 Rent stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0.357% from a day low at $22.38 to a day high of $22.46. The price has risen in 5 of the last 10 days but is still down by -0.88% for this period.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect American Homes 4 Rent stock with a 90% probability to be traded between $21.41 and $22.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AMH-PG Signals & Forecast
There are mixed signals in the stock today. The American Homes 4 Rent stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $22.55. On a fall, the stock will find some support from the short-term average at $22.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -2.09%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for American Homes 4 Rent stock
American Homes 4 Rent finds support from accumulated volume at $22.44 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0800 between high and low, or 0.357%. For the last week the stock has had daily average volatility of 0.594%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMH-PG) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect American Homes 4 Rent to open at $22.43, and during the day (based on 14 day Average True Range), to move between $22.25 and $22.67, which gives a possible trading interval of +/-$0.210 (+/-0.94%) 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 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.44 (0.09%) than the resistance at $22.52 (0.27%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.421 Sell Candidate Unchanged
Predicted Opening Price for American Homes 4 Rent of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$22.43 ( 0.119%) | $22.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMH-PG
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.51 | 0.237% |
R2 | 22.48 | 0.101% |
R1 | 22.46 | 0.0173% |
Price | 22.46 | |
S1 | 22.40 | -0.255% |
S2 | 22.38 | -0.339% |
S3 | 22.35 | -0.475% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.36 | 4.01% |
R2 | 22.99 | 2.36% |
R1 | 22.52 | 0.267% |
Price | 22.46 | |
S1 | 22.44 | -0.0890% |
S2 | 22.10 | -1.60% |
S3 | 22.08 | -1.69% |
AMH-PG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.367 | 1.63% |
2 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0.367 | 1.55% |
3 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.367 | 1.53% |
4 | Sep 14, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.367 | 1.69% |
5 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | $0.367 | 1.64% |
FAQ
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