Anywhere Real Estate Inc. Stock Forecast
Evaluation of Anywhere Real Estate Inc. stock downgraded after the last trading session.
(Updated on Jun 24, 2024)
The Anywhere Real Estate Inc. stock price fell by -2.13% on the last day (Monday, 24th Jun 2024) from $3.29 to $3.22. During the last trading day the stock fluctuated 6.43% from a day low at $3.19 to a day high of $3.40. The price has fallen in 8 of the last 10 days and is down by -15.71% 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 -17 million shares and in total, 2 million shares were bought and sold for approximately $7.59 million.
Given the current short-term trend, the stock is expected to fall -30.52% during the next 3 months and, with a 90% probability hold a price between $2.04 and $2.24 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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HOUS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 2.22%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Anywhere Real Estate 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 $3.23 and $3.71. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Anywhere Real Estate Inc. stock
Anywhere Real Estate Inc. finds support from accumulated volume at $3.19 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.205 between high and low, or 6.43%. For the last week, the stock has had daily average volatility of 6.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HOUS) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Anywhere Real Estate Inc. to open at $3.27, and during the day (based on 14 day Average True Range), to move between $2.97 and $3.47, which gives a possible trading interval of +/-$0.250 (+/-7.76%) up or down from last closing price. If Anywhere Real Estate Inc. takes out the full calculated possible swing range there will be an estimated 15.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.19 (0.93%) than the resistance at $3.29 (2.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Anywhere Real Estate Inc. stock A Buy?
Anywhere Real Estate Inc. holds several negative signals and is within a 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: -2.000 Sell Candidate Downgraded
Predicted Opening Price for Anywhere Real Estate Inc. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $3.27 ( 1.50%) | $3.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOUS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.47 | 7.87% |
| R2 | 3.40 | 5.44% |
| R1 | 3.35 | 3.93% |
| Price | 3.22 | |
| S1 | 3.19 | -0.93% |
| S2 | 3.14 | -2.43% |
| S3 | 3.06 | -4.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.49 | 8.39% |
| R2 | 3.30 | 2.48% |
| R1 | 3.29 | 2.17% |
| Price | 3.22 | |
| S1 | 3.19 | -0.93% |
| S2 | 3.16 | -1.86% |
| S3 | 3.15 | -2.17% |
HOUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 08, 2019 | Aug 20, 2019 | Sep 04, 2019 | $0.0900 | 2.01% |
| 2 | May 02, 2019 | May 14, 2019 | May 29, 2019 | $0.0900 | 1.23% |
| 3 | Feb 26, 2019 | Mar 08, 2019 | Mar 25, 2019 | $0.0900 | 0.783% |
| 4 | Nov 02, 2018 | Nov 14, 2018 | Nov 29, 2018 | $0.0900 | 0.478% |
| 5 | Aug 03, 2018 | Aug 15, 2018 | Aug 30, 2018 | $0.0900 | 0.437% |
FAQ
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