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America First Multifamily Investors Stock Forecast NASDAQ:ATAX

$6.32 (-1.38%)

Volume: 81k

Closed: Dec 03, 2021

Hollow Logo Score: -1.543

America First Multifamily Investors Stock Forecast

$6.32 (-1.38%)

Volume: 81k

Closed: Dec 03, 2021

Score Hollow Logo -1.543
Which way will ATAX go? Request
Key Stats
Beta 0.64
Trailing Dividend Rate 5.73% ($0.36)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 31 and the stock is currently not being overbought or oversold

America First Multifamily Investors stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The America First Multifamily Investors stock price fell by -1.38% on the last day (Friday, 3rd Dec 2021) from $6.41 to $6.32. During the day the stock fluctuated 5.15% from a day low at $6.21 to a day high of $6.53. The price has fallen in 7 of the last 10 days and is down by -4.94% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -54 thousand shares and in total, 81 thousand shares were bought and sold for approximately $510.24 thousand.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect America First Multifamily Investors stock with a 90% probability to be traded between $6.03 and $6.90 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.

Signals & Forecast

There are few to no technical positive signals at the moment. The America First Multifamily Investors 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 $6.42 and $6.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 09, 2021, and so far it has fallen -7.71%. 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.

Support, Risk & Stop-loss

America First Multifamily Investors finds support from accumulated volume at $6.19 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 controlled movements and therefore the general risk is considered 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 $0.32 between high and low, or 5.15%. For the last week the stock has had a daily average volatility of 3.73%.

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

Is America First Multifamily Investors stock A Buy?

America First Multifamily Investors holds several negative signals and is within a wide and 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: -1.543

Predicted Opening Price for America First Multifamily Investors of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$6.35 $6.32 (Undervalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 3.73 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.73 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $6.36
Price: $6.32
Support: $6.19

ATAX Insider Trading Show all Trades

INSIDER POWER

3.412

Last 100 transactions
Buy: 1 093 096 | Sell: 320 380 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Sell 981 Pollock Curtis Beneficial Unit Certificates
Nov 30, 2021 Sell 16 475 Coury Jesse A. Beneficial Unit Certificates
Nov 30, 2021 Sell 1 954 Fletcher Drew Beneficial Unit Certificates
Nov 30, 2021 Sell 2 330 Baevsky Jeffrey Beneficial Unit Certificates
Nov 16, 2021 Buy 20 000 Rogozinski Kenneth Beneficial Unit Certificates
Show all Insider Trades
INSIDER POWER

3.412

Last 100 transactions
Buy: 1 093 096 | Sell: 320 380 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 6.67 5.57 %
6.55 3.64 %
6.48 2.44 %
Current price: 6.32
Support 6.23 -1.42 %
6.16 -2.61 %
6.03 -4.55 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 6.65 5.19 %
6.50 2.82 %
6.36 0.61 %
Current price 6.32
Support 6.19 -2.08%
6.17 -2.40%
5.96 -5.72%

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About America First Multifamily Investors

America First Multifamily Investors America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds that have been issued to provide construction or permanent financing for multifamily and student housing, and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public Housing Capital Fund Trusts, and Mortgage-Backed Securities Investments. As of December 31, 2015, the compan... Read more

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