AvalonBay Communities Inc Stock Forecast

AvalonBay Communities Inc stock price ended at $182.02 on Thursday, after gaining 0.591%.
(Updated on Apr 18, 2024)

AVB Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The AvalonBay Communities Inc 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 $182.64 and $183.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.62%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for AvalonBay Communities Inc stock

AvalonBay Communities Inc finds support from accumulated volume at $178.15 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 $2.62 between high and low, or 1.45%. For the last week the stock has had daily average volatility of 1.97%.

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

Trading Expectations (AVB) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect AvalonBay Communities Inc to open at $181.66, and during the day (based on 14 day Average True Range), to move between $178.52 and $185.52, which gives a possible trading interval of +/-$3.50 (+/-1.92%) up or down from last closing price. If AvalonBay Communities Inc takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $183.69 (0.92%) than the support at $178.15 (2.13%), 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 AvalonBay Communities Inc stock A Buy?

The AvalonBay Communities Inc stock holds several negative signals and despite the positive trend, we believe AvalonBay Communities Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.344 Sell Candidate Unchanged

Predicted Opening Price for AvalonBay Communities Inc of Friday, April 19, 2024

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