American Homes 4 Rent Stock Forecast

Red day on Thursday for American Homes 4 Rent stock after losing 0.0876%
(Updated on Jun 27, 2024)

AMH-PH Signals & Forecast

There are few to no technical positive signals at the moment. The American Homes 4 Rent 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 $23.71 and $23.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -2.16%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for American Homes 4 Rent stock

American Homes 4 Rent finds support from accumulated volume at $23.50 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 $0.0050 between high and low, or 0.0212%. For the last week the stock has had daily average volatility of 0.763%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AMH-PH) 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 $23.60, and during the day (based on 14 day Average True Range), to move between $23.33 and $23.87, which gives a possible trading interval of +/-$0.268 (+/-1.14%) 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 2.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.66 (0.25%) than the support at $23.50 (0.42%), 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 American Homes 4 Rent stock A Buy?

American Homes 4 Rent holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.812 Sell Candidate Unchanged

Predicted Opening Price for American Homes 4 Rent of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.