American Homes 4 Rent Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
American Homes 4 Rent stock price ended at $23.37 on Friday, after losing 0.97%.
(Updated on Jun 28, 2024)
The American Homes 4 Rent stock price fell by -0.97% on the last day (Friday, 28th Jun 2024) from $23.60 to $23.37. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.556% from a day low at $23.37 to a day high of $23.50. The price has fallen in 7 of the last 10 days and is down by -3.03% for this period. Volume has increased on the last day by 4 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, 2 thousand shares were bought and sold for approximately $51.90 thousand.
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 $22.71 and $24.07 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-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. 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 $23.67 and $23.69. 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 -3.11%. 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). American Homes 4 Rent gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 $23.13 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 0.556%. For the last week the stock has had daily average volatility of 0.765%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect American Homes 4 Rent to open at $23.41, and during the day (based on 14 day Average True Range), to move between $23.10 and $23.64, which gives a possible trading interval of +/-$0.265 (+/-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 $23.50 (0.56%) than the support at $23.13 (1.03%), 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: -2.858 Sell Candidate Unchanged
Predicted Opening Price for American Homes 4 Rent of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$23.41 ( 0.185%) | $23.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMH-PH
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.54 | 0.742% |
R2 | 23.49 | 0.529% |
R1 | 23.46 | 0.398% |
Price | 23.37 | |
S1 | 23.36 | -0.0271% |
S2 | 23.33 | -0.158% |
S3 | 23.28 | -0.371% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.49 | 4.79% |
R2 | 23.66 | 1.24% |
R1 | 23.50 | 0.556% |
Price | 23.37 | |
S1 | 23.13 | -1.03% |
S2 | 23.04 | -1.41% |
S3 | 22.78 | -2.52% |
AMH-PH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.391 | 1.67% |
2 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0.391 | 1.58% |
3 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.391 | 1.54% |
4 | Sep 14, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.391 | 1.74% |
5 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | $0.391 | 1.69% |
FAQ
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