Apple Hospitality REIT Inc Stock Forecast
Weaker technical forecast for Apple Hospitality REIT Inc as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)
The Apple Hospitality REIT Inc stock price fell by -0.85% on the last day (Thursday, 28th Mar 2024) from $16.52 to $16.38. During the last trading day the stock fluctuated 2.25% from a day low at $16.23 to a day high of $16.60. The price has been going up and down for this period, and there has been a 0.49% gain for the last 2 weeks. Volume has increased on the last day by 562 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, 2 million shares were bought and sold for approximately $31.12 million.
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 Apple Hospitality REIT Inc stock with a 90% probability to be traded between $15.45 and $16.70 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
APLE Signals & Forecast
The Apple Hospitality REIT Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $16.45. On a fall, the stock will find some support from the long-term average at approximately $16.30. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -2.90%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Apple Hospitality REIT Inc stock
Apple Hospitality REIT Inc finds support from accumulated volume at $16.18 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 $0.365 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APLE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Apple Hospitality REIT Inc to open at $16.40, and during the day (based on 14 day Average True Range), to move between $16.07 and $16.69, which gives a possible trading interval of +/-$0.310 (+/-1.89%) up or down from last closing price. If Apple Hospitality REIT Inc takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.46 (0.49%) than the support at $16.18 (1.22%), 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 Apple Hospitality REIT Inc stock A Buy?
Apple Hospitality REIT Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.308 Sell Candidate Downgraded
Predicted Opening Price for Apple Hospitality REIT Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$16.40 ( 0.132%) | $16.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APLE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.77 | 2.36 % | |
R2 | 16.63 | 1.51 % | ||
R1 | 16.54 | 0.98 % | ||
Current price: | 16.38 | |||
Support | S1 | 16.26 | -0.719 % | |
S2 | 16.18 | -1.24 % | ||
S3 | 16.04 | -2.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.86 | 2.93 % | |
R2 | 16.52 | 0.85 % | ||
R1 | 16.46 | 0.488 % | ||
Current price | 16.38 | |||
Support | S1 | 16.18 | -1.22% | |
S2 | 16.16 | -1.34% | ||
S3 | 16.06 | -1.95% |
APLE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0800 | 0.488% |
2 | Feb 16, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0800 | 0.494% |
3 | Jan 19, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.0800 | 0.495% |
4 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.0500 | 0.307% |
5 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.0800 | 0.467% |
FAQ
Click here for our free guide on how to buy Apple Hospitality REIT Inc Stock.