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:
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 up 1.82% on Friday
(Updated on Apr 26, 2024)
The American Homes 4 Rent stock price gained 1.82% on the last trading day (Friday, 26th Apr 2024), rising from $35.76 to $36.41. During the last trading day the stock fluctuated 2.09% from a day low at $35.86 to a day high of $36.61. The price has risen in 6 of the last 10 days and is up by 2.39% over the past 2 weeks. Volume fell on the last day by -427 thousand shares and in total, 1 million shares were bought and sold for approximately $53.94 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 2.33% during the next 3 months and, with a 90% probability hold a price between $35.57 and $38.67 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AMH Signals & Forecast
The American Homes 4 Rent 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 $35.59 and $35.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.05%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for American Homes 4 Rent stock
American Homes 4 Rent finds support from accumulated volume at $36.19 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 $0.750 between high and low, or 2.09%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: $34.87 (-4.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (AMH) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect American Homes 4 Rent to open at $36.29, and during the day (based on 14 day Average True Range), to move between $35.80 and $37.02, which gives a possible trading interval of +/-$0.607 (+/-1.67%) 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 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.60 (0.52%) than the support at $36.19 (0.60%), 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.
Earnings coming up
American Homes 4 Rent will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.430. We will update the financials statements for American Homes 4 Rent, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.97% in the first trading day after earnings release.
Is American Homes 4 Rent stock A Buy?
American Homes 4 Rent holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.491 Hold/Accumulate Unchanged
Predicted Opening Price for American Homes 4 Rent of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$36.29 ( 0.320%) | $36.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.04 | 1.74 % | |
R2 | 36.76 | 0.95 % | ||
R1 | 36.58 | 0.466 % | ||
Current price: | 36.41 | |||
Support | S1 | 36.01 | -1.11 % | |
S2 | 35.83 | -1.59 % | ||
S3 | 35.54 | -2.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.01 | 1.65 % | |
R2 | 36.85 | 1.21 % | ||
R1 | 36.60 | 0.522 % | ||
Current price | 36.41 | |||
Support | S1 | 36.19 | -0.604% | |
S2 | 36.17 | -0.659% | ||
S3 | 34.03 | -6.54% |
AMH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.260 | 0.707% |
2 | Oct 30, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.220 | 0.612% |
3 | Aug 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.220 | 0.653% |
4 | May 09, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.220 | 0.621% |
5 | Feb 10, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.220 | 0.700% |
FAQ
Click here for our free guide on how to buy American Homes 4 Rent Stock.