Mid-America Apartment Communities Inc Stock Forecast
Mid-America Apartment Communities Inc stock price ended at $126.63 on Monday, after losing 1.17%.
(Updated on Apr 15, 2024)
The Mid-America Apartment Communities Inc stock price fell by -1.17% on the last day (Monday, 15th Apr 2024) from $128.13 to $126.63. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.80% from a day low at $125.93 to a day high of $129.45. The price has fallen in 6 of the last 10 days and is down by -1.61% 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 -274 thousand shares and in total, 296 thousand shares were bought and sold for approximately $37.53 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mid-America Apartment Communities Inc stock with a 90% probability to be traded between $123.45 and $135.45 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
MAA Signals & Forecast
There are few to no technical positive signals at the moment. The Mid-America Apartment Communities Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $130.70 and $129.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.46%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Tuesday, April 09, 2024 with a target of $129.84. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Mid-America Apartment Communities Inc stock
Mid-America Apartment Communities Inc finds support from accumulated volume at $126.38 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 $3.52 between high and low, or 2.80%. For the last week the stock has had daily average volatility of 2.23%.
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 Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Mid-America Apartment Communities Inc to open at $127.33, and during the day (based on 14 day Average True Range), to move between $123.57 and $129.69, which gives a possible trading interval of +/-$3.06 (+/-2.41%) 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 4.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $126.38 (0.20%) than the resistance at $134.06 (5.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mid-America Apartment Communities Inc stock A Buy?
Mid-America Apartment Communities 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.
Current score: -1.578 Sell Candidate Unchanged
Predicted Opening Price for Mid-America Apartment Communities Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $127.33 ( 0.555%) | $126.63 |
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 | 130.85 | 3.34 % | |
| R2 | 129.51 | 2.27 % | ||
| R1 | 128.68 | 1.62 % | ||
| Current price: | 126.63 | |||
| Support | S1 | 125.99 | -0.506 % | |
| S2 | 125.16 | -1.16 % | ||
| S3 | 123.81 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.61 | 7.09 % | |
| R2 | 135.24 | 6.80 % | ||
| R1 | 134.06 | 5.87 % | ||
| Current price | 126.63 | |||
| Support | S1 | 126.38 | -0.197% | |
| S2 | 125.68 | -0.750% | ||
| S3 | 124.48 | -1.70% |
MAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $1.47 | 1.16% |
| 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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