American Hotel Income Properties REIT LP Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
American Hotel Income Properties REIT LP stock price ended at $0.650 on Friday, after gaining 1.56%.
(Updated on May 03, 2024)
The American Hotel Income Properties REIT LP stock price gained 1.56% on the last trading day (Friday, 3rd May 2024), rising from $0.640 to $0.650. During the last trading day the stock fluctuated 3.13% from a day low at $0.640 to a day high of $0.660. The price has fallen in 6 of the last 10 days and is down by -1.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately $32.34 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.83% during the next 3 months and, with a 90% probability hold a price between $0.314 and $0.487 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HOT-UN.TO Signals & Forecast
The American Hotel Income Properties REIT LP 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 $0.657. On a fall, the stock will find some support from the long-term average at approximately $0.634. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). American Hotel Income Properties REIT LP has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 -13.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for American Hotel Income Properties REIT LP stock
American Hotel Income Properties REIT LP finds support from accumulated volume at $0.640 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0200 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HOT-UN.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect American Hotel Income Properties REIT LP to open at $0.650, and during the day (based on 14 day Average True Range), to move between $0.608 and $0.692, which gives a possible trading interval of +/-$0.0420 (+/-6.46%) 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 12.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.660 (1.54%) than the support at $0.640 (1.54%), 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.
Earnings coming up
American Hotel Income Properties REIT LP will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for American Hotel Income Properties REIT LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.03% in the first trading day after earnings release.
Is American Hotel Income Properties REIT LP stock A Buy?
American Hotel Income Properties REIT LP holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.076 Sell Candidate Unchanged
Predicted Opening Price for American Hotel Income Properties REIT LP of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$0.650 ( 0%) | $0.650 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOT-UN.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.670 | 3.08 % | |
R2 | 0.662 | 1.90 % | ||
R1 | 0.658 | 1.18 % | ||
Current price: | 0.650 | |||
Support | S1 | 0.642 | -1.18 % | |
S2 | 0.638 | -1.90 % | ||
S3 | 0.630 | -3.08 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.750 | 15.38 % | |
R2 | 0.680 | 4.62 % | ||
R1 | 0.660 | 1.54 % | ||
Current price | 0.650 | |||
Support | S1 | 0.640 | -1.54% | |
S2 | 0.620 | -4.62% | ||
S3 | 0.610 | -6.15% |
HOT-UN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 30, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.0210 | 2.50% |
2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | $0.0200 | 1.12% |
3 | Aug 30, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.0200 | 1.02% |
4 | Jul 28, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.0200 | 0.86% |
5 | Jun 29, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.0200 | 0.83% |
FAQ
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