American Assets Trust Inc Stock Forecast
American Assets Trust Inc stock downgraded to Hold/Accumulate
(Updated on Apr 23, 2024)
The American Assets Trust Inc stock price gained 1.60% on the last trading day (Tuesday, 23rd Apr 2024), rising from $21.28 to $21.62. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.25% from a day low at $21.38 to a day high of $21.86. The price has risen in 6 of the last 10 days but is still down by -2.92% for this period. Volume fell on the last day by -27 thousand shares and in total, 195 thousand shares were bought and sold for approximately $4.22 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.03% during the next 3 months and, with a 90% probability hold a price between $18.58 and $20.21 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AAT Signals & Forecast
The American Assets Trust 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 $20.83 and $21.13. 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 6.19%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for American Assets Trust Inc stock
American Assets Trust Inc finds support from accumulated volume at $21.61 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 $0.480 (2.25%) between high and low. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: $20.85 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (AAT) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect American Assets Trust Inc to open at $21.62, and during the day (based on 14 day Average True Range), to move between $21.08 and $22.16, which gives a possible trading interval of +/-$0.543 (+/-2.51%) up or down from last closing price. If American Assets Trust Inc takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.63 (0.05%) than the support at $21.61 (0.05%), 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.
Earnings coming up
American Assets Trust Inc will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.670. We will update the financials statements for American Assets Trust Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.54% in the first trading day after earnings release.
Is American Assets Trust Inc stock A Buy?
American Assets Trust 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.838 Hold/Accumulate Downgraded
Predicted Opening Price for American Assets Trust Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $21.62 ( 0%) | $21.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.10 | 2.22 % | |
| R2 | 21.92 | 1.37 % | ||
| R1 | 21.80 | 0.85 % | ||
| Current price: | 21.62 | |||
| Support | S1 | 21.44 | -0.85 % | |
| S2 | 21.32 | -1.37 % | ||
| S3 | 21.14 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.75 | 9.85 % | |
| R2 | 22.26 | 2.96 % | ||
| R1 | 21.63 | 0.0463 % | ||
| Current price | 21.62 | |||
| Support | S1 | 21.61 | -0.0463% | |
| S2 | 21.41 | -0.97% | ||
| S3 | 21.13 | -2.27% |
AAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Mar 06, 2024 | Mar 21, 2024 | $0.335 | 1.56% |
| 2 | Oct 24, 2023 | Dec 06, 2023 | Dec 21, 2023 | $0.330 | 1.45% |
| 3 | Jul 25, 2023 | Sep 06, 2023 | Sep 21, 2023 | $0.330 | 1.71% |
| 4 | Apr 25, 2023 | Jun 07, 2023 | Jun 22, 2023 | $0.330 | 1.79% |
| 5 | Feb 07, 2023 | Mar 08, 2023 | Mar 23, 2023 | $0.330 | 2.00% |
FAQ
Click here for our free guide on how to buy American Assets Trust Inc Stock.
