Autohome Inc Stock Forecast
Stronger technical forecast for Autohome Inc stock price after Friday trading.
(Updated on Apr 26, 2024)
The Autohome Inc stock price gained 3.79% on the last trading day (Friday, 26th Apr 2024), rising from $25.05 to $26.00. During the last trading day the stock fluctuated 3.46% from a day low at $25.13 to a day high of $26.00. The price has risen in 6 of the last 10 days and is up by 3.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 270 thousand more shares were traded than the day before. In total, 579 thousand shares were bought and sold for approximately $15.05 million.
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 Autohome Inc stock with a 90% probability to be traded between $23.83 and $26.66 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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ATHM Signals & Forecast
The Autohome Inc 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 $24.89 and $25.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.22%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 Autohome Inc stock
Autohome Inc finds support from accumulated volume at $25.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.87 between high and low, or 3.46%. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: $24.86 (-4.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ATHM) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Autohome Inc to open at $25.71, and during the day (based on 14 day Average True Range), to move between $25.38 and $26.62, which gives a possible trading interval of +/-$0.625 (+/-2.40%) up or down from last closing price. If Autohome Inc takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.99 (0.04%) than the resistance at $26.19 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Autohome Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Autohome Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.800 Buy Candidate Upgraded
Predicted Opening Price for Autohome Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $25.71 ( 1.12%) | $26.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATHM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.58 | 2.23 % | |
| R2 | 26.25 | 0.95 % | ||
| R1 | 26.04 | 0.163 % | ||
| Current price: | 26.00 | |||
| Support | S1 | 25.38 | -2.39 % | |
| S2 | 25.17 | -3.18 % | ||
| S3 | 24.84 | -4.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.89 | 3.42 % | |
| R2 | 26.59 | 2.27 % | ||
| R1 | 26.19 | 0.731 % | ||
| Current price | 26.00 | |||
| Support | S1 | 25.99 | -0.0385% | |
| S2 | 25.97 | -0.115% | ||
| S3 | 25.38 | -2.38% |
ATHM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 28, 2023 | Mar 27, 2024 | $1.13 | 4.26% |
| 2 | Feb 16, 2023 | Mar 20, 2023 | Apr 11, 2023 | $0.580 | 1.91% |
| 3 | Feb 24, 2022 | Mar 18, 2022 | Apr 05, 2022 | $0.530 | 1.64% |
| 4 | Feb 08, 2021 | Feb 24, 2021 | Mar 05, 2021 | $0.87 | 0.790% |
| 5 | Feb 19, 2020 | Apr 14, 2020 | Apr 22, 2020 | $0.770 | 1.02% |
FAQ
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