Invitation Homes Inc Stock Forecast

Green day on Friday for Invitation Homes Inc
(Updated on Apr 26, 2024)

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, 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 $34.06 and $34.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.08%. Further rise is indicated until a new top pivot has been found. 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. 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.

Support, Risk & Stop-loss for Invitation Homes Inc stock

Invitation Homes Inc finds support from accumulated volume at $34.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.680 (1.97%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.

Since the Invitation Homes Inc has been rising for 8 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $33.01 (-4.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (INVH) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Invitation Homes Inc to open at $34.86, and during the day (based on 14 day Average True Range), to move between $34.11 and $35.33, which gives a possible trading interval of +/-$0.611 (+/-1.76%) up or down from last closing price. If Invitation Homes Inc takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $34.61 (0.32%) than the resistance at $34.87 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Invitation Homes Inc stock A Buy?

Invitation Homes Inc 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.

Current score: 0.911 Hold/Accumulate Unchanged

Predicted Opening Price for Invitation Homes Inc of Monday, April 29, 2024

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