Invitation Homes Inc Stock Forecast
Green day on Wednesday for Invitation Homes Inc stock after gaining 1.84%
(Updated on Mar 27, 2024)
The Invitation Homes Inc stock price gained 1.84% on the last trading day (Wednesday, 27th Mar 2024), rising from $34.27 to $34.90. During the last trading day the stock fluctuated 2.15% from a day low at $34.21 to a day high of $34.95. The price has been going up and down for this period, and there has been a -0.91% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 966 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $92.61 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.47% during the next 3 months and, with a 90% probability hold a price between $34.07 and $36.99 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
INVH Signals & Forecast
The Invitation Homes Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.68 and $34.01. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -1.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, December 11, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, December 11, 2023 in the long-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 Invitation Homes Inc stock
Invitation Homes Inc finds support from accumulated volume at $34.07 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 $0.735 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: $33.50 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (INVH) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Invitation Homes Inc to open at $34.69, and during the day (based on 14 day Average True Range), to move between $34.34 and $35.46, which gives a possible trading interval of +/-$0.564 (+/-1.62%) up or down from last closing price. If Invitation Homes Inc takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.10 (0.57%) than the support at $34.07 (2.38%), 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 Invitation Homes Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Invitation Homes Inc stock to perform well in the short-term.
Current score: 2.511 Buy Candidate Unchanged
Predicted Opening Price for Invitation Homes Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$34.69 ( 0.616%) | $34.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INVH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.42 | 1.49 % | |
R2 | 35.14 | 0.685 % | ||
R1 | 34.97 | 0.188 % | ||
Current price: | 34.90 | |||
Support | S1 | 34.40 | -1.42 % | |
S2 | 34.23 | -1.92 % | ||
S3 | 33.95 | -2.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.20 | 0.86 % | |
R2 | 35.12 | 0.630 % | ||
R1 | 35.10 | 0.573 % | ||
Current price | 34.90 | |||
Support | S1 | 34.07 | -2.38% | |
S2 | 33.68 | -3.50% | ||
S3 | 32.33 | -7.36% |
INVH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 27, 2024 | Apr 19, 2024 | $0.280 | 0.80% |
2 | Dec 08, 2023 | Dec 26, 2023 | Jan 19, 2024 | $0.280 | 0.83% |
3 | Oct 20, 2023 | Nov 06, 2023 | Nov 22, 2023 | $0.260 | 0.779% |
4 | Jul 21, 2023 | Aug 07, 2023 | Aug 25, 2023 | $0.260 | 0.770% |
5 | Apr 28, 2023 | May 09, 2023 | May 26, 2023 | $0.260 | 0.779% |
FAQ
Click here for our free guide on how to buy Invitation Homes Inc Stock.