Ashford Hospitality Trust Inc Stock Forecast
Ashford Hospitality Trust Inc stock price up 3.79% on Thursday
(Updated on Mar 28, 2024)
The Ashford Hospitality Trust Inc stock price gained 3.79% on the last trading day (Thursday, 28th Mar 2024), rising from $1.32 to $1.37. During the last trading day the stock fluctuated 6.15% from a day low at $1.30 to a day high of $1.38. The price has fallen in 5 of the last 10 days but is still up by 0.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 105 thousand more shares were traded than the day before. In total, 369 thousand shares were bought and sold for approximately $504.91 thousand.
The stock lies in the middle of a very wide and 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 -13.99% during the next 3 months and, with a 90% probability hold a price between $0.92 and $1.58 at the end of this 3-month period.
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AHT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 7.03%. Further rise is indicated until a new top pivot has been found. Ashford Hospitality Trust Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ashford Hospitality Trust Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.51. On a fall, the stock will find some support from the short-term average at $1.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ashford Hospitality Trust Inc stock
Ashford Hospitality Trust Inc finds support from accumulated volume at $1.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 6.15%. For the last week, the stock has had daily average volatility of 4.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AHT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ashford Hospitality Trust Inc to open at $1.35, and during the day (based on 14 day Average True Range), to move between $1.28 and $1.46, which gives a possible trading interval of +/-$0.0908 (+/-6.63%) up or down from last closing price. If Ashford Hospitality Trust Inc takes out the full calculated possible swing range there will be an estimated 13.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.38 (0.73%) than the support at $1.36 (0.73%), 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 Ashford Hospitality Trust Inc stock A Buy?
Ashford Hospitality Trust Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.757 Sell Candidate Unchanged
Predicted Opening Price for Ashford Hospitality Trust Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$1.35 ( 1.46%) | $1.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AHT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.43 | 4.38 % | |
R2 | 1.40 | 2.15 % | ||
R1 | 1.38 | 0.771 % | ||
Current price: | 1.37 | |||
Support | S1 | 1.32 | -3.69 % | |
S2 | 1.30 | -5.07 % | ||
S3 | 1.27 | -7.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.66 | 21.17 % | |
R2 | 1.52 | 10.95 % | ||
R1 | 1.38 | 0.730 % | ||
Current price | 1.37 | |||
Support | S1 | 1.36 | -0.730% | |
S2 | 1.32 | -3.65% | ||
S3 | 1.31 | -4.38% |
AHT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 05, 2019 | Dec 30, 2019 | Jul 16, 2020 | $6.00 | 10.77% |
2 | Sep 12, 2019 | Sep 27, 2019 | Oct 15, 2019 | $5.93 | 2.14% |
3 | Jun 14, 2019 | Jun 27, 2019 | Jul 15, 2019 | $5.93 | 2.37% |
4 | Mar 13, 2019 | Mar 28, 2019 | Apr 15, 2019 | $11.86 | 2.33% |
5 | Dec 10, 2018 | Dec 28, 2018 | Jan 15, 2019 | $11.86 | 2.59% |
FAQ
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