American Hotel Income Properties REIT LP Stock Forecast

Stronger technical forecast for American Hotel Income Properties REIT LP stock price after Wednesday trading.
(Updated on Apr 24, 2024)

HOT-UN.TO Signals & Forecast

The American Hotel Income Properties REIT LP 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 $0.622 and $0.628. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, April 22, 2024, and so far it has fallen -8.67%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for American Hotel Income Properties REIT LP stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.640 and $0.620. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American Hotel Income Properties REIT LP finds support just below today's level at $0.640. If this is broken, then the next support from accumulated volume will be at $0.620 and $0.610.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0300 between high and low, or 4.48%. For the last week the stock has had daily average volatility of 12.59%.

Our recommended stop-loss: $0.645 (-5.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (HOT-UN.TO) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect American Hotel Income Properties REIT LP to open at $0.685, and during the day (based on 14 day Average True Range), to move between $0.636 and $0.734, which gives a possible trading interval of +/-$0.0487 (+/-7.10%) up or down from last closing price. If American Hotel Income Properties REIT LP takes out the full calculated possible swing range there will be an estimated 14.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.690 (0.73%) than the support at $0.640 (6.57%), 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 American Hotel Income Properties REIT LP stock A Buy?

American Hotel Income Properties REIT LP 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.385 Hold/Accumulate Upgraded

Predicted Opening Price for American Hotel Income Properties REIT LP of Thursday, April 25, 2024

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