Mid-America Apartment Communities Inc 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
Green day on Wednesday for Mid-America Apartment Communities Inc stock after gaining 0.477%
(Updated on May 01, 2024)
The Mid-America Apartment Communities Inc stock price gained 0.477% on the last trading day (Wednesday, 1st May 2024), rising from $130.00 to $130.62. During the last trading day the stock fluctuated 2.10% from a day low at $129.29 to a day high of $132.00. The price has risen in 7 of the last 10 days and is up by 4.66% over the past 2 weeks. Volume fell on the last day by -312 thousand shares and in total, 658 thousand shares were bought and sold for approximately $85.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 2.25% during the next 3 months and, with a 90% probability hold a price between $127.14 and $139.83 at the end of this 3-month period.
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MAA Signals & Forecast
The Mid-America Apartment Communities 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 $129.15 and $129.32. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 29, 2024, and so far it has fallen -0.389%. 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).
A sell signal from a double top formation was found on Tuesday, April 09, 2024 and based on theory for this formation the price should fall by -0.600% to $129.84 within 20 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Mid-America Apartment Communities Inc stock
Mid-America Apartment Communities Inc finds support from accumulated volume at $130.00 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 $2.72 (2.10%) between high and low. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAA) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Mid-America Apartment Communities Inc to open at $130.64, and during the day (based on 14 day Average True Range), to move between $127.99 and $133.25, which gives a possible trading interval of +/-$2.63 (+/-2.01%) up or down from last closing price. If Mid-America Apartment Communities Inc takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $131.13 (0.39%) than the support at $130.00 (0.47%), 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 Mid-America Apartment Communities Inc stock A Buy?
The Mid-America Apartment Communities Inc stock holds several negative signals and despite the positive trend, we believe Mid-America Apartment Communities Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.371 Sell Candidate Unchanged
Predicted Opening Price for Mid-America Apartment Communities Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $130.64 ( 0.0115%) | $130.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.35 | 2.09 % | |
| R2 | 132.31 | 1.30 % | ||
| R1 | 131.67 | 0.81 % | ||
| Current price: | 130.62 | |||
| Support | S1 | 129.60 | -0.783 % | |
| S2 | 128.96 | -1.27 % | ||
| S3 | 127.92 | -2.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.38 | 3.64 % | |
| R2 | 132.72 | 1.61 % | ||
| R1 | 131.13 | 0.390 % | ||
| Current price | 130.62 | |||
| Support | S1 | 130.00 | -0.475% | |
| S2 | 125.68 | -3.78% | ||
| S3 | 124.48 | -4.70% |
MAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $1.47 | 1.13% |
| 2 | Dec 12, 2023 | Jan 11, 2024 | Jan 31, 2024 | $1.47 | 1.16% |
| 3 | Sep 12, 2023 | Oct 12, 2023 | Oct 31, 2023 | $1.40 | 1.18% |
| 4 | May 16, 2023 | Jul 13, 2023 | Jul 31, 2023 | $1.40 | 0.94% |
| 5 | Mar 21, 2023 | Apr 13, 2023 | Apr 28, 2023 | $1.40 | 0.91% |
FAQ
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