American Homes 4 Rent Stock Forecast
American Homes 4 Rent stock price down 0.0843% on Wednesday
(Updated on Apr 24, 2024)
The American Homes 4 Rent stock price fell by -0.0843% on the last day (Wednesday, 24th Apr 2024) from $35.60 to $35.57. During the last trading day the stock fluctuated 1.53% from a day low at $35.21 to a day high of $35.75. The price has been going up and down for this period, and there has been a -1.36% loss for the last 2 weeks. Volume has increased on the last day by 533 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $98.31 million.
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 2.52% during the next 3 months and, with a 90% probability hold a price between $35.61 and $38.75 at the end of this 3-month period.
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AMH Signals & Forecast
There are mixed signals in the stock today. The American Homes 4 Rent 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 $36.02. On a fall, the stock will find some support from the short-term average at $35.19. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.63%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for American Homes 4 Rent stock
American Homes 4 Rent finds support from accumulated volume at $35.30 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 $0.540 between high and low, or 1.53%. For the last week the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: $34.06 (-4.23%) (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 (AMH) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect American Homes 4 Rent to open at $35.51, and during the day (based on 14 day Average True Range), to move between $34.99 and $36.15, which gives a possible trading interval of +/-$0.581 (+/-1.63%) up or down from last closing price. If American Homes 4 Rent takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.30 (0.76%) than the resistance at $36.17 (1.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
American Homes 4 Rent will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.430. We will update the financials statements for American Homes 4 Rent, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.97% in the first trading day after earnings release.
Is American Homes 4 Rent stock A Buy?
American Homes 4 Rent 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: 0.612 Hold/Accumulate Unchanged
Predicted Opening Price for American Homes 4 Rent of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$35.51 ( 0.169%) | $35.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.05 | 1.35 % | |
R2 | 35.84 | 0.770 % | ||
R1 | 35.72 | 0.411 % | ||
Current price: | 35.57 | |||
Support | S1 | 35.30 | -0.749 % | |
S2 | 35.18 | -1.11 % | ||
S3 | 34.97 | -1.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.01 | 4.05 % | |
R2 | 36.19 | 1.74 % | ||
R1 | 36.17 | 1.69 % | ||
Current price | 35.57 | |||
Support | S1 | 35.30 | -0.759% | |
S2 | 35.24 | -0.93% | ||
S3 | 34.03 | -4.33% |
AMH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.260 | 0.707% |
2 | Oct 30, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.220 | 0.612% |
3 | Aug 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.220 | 0.653% |
4 | May 09, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.220 | 0.621% |
5 | Feb 10, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.220 | 0.700% |
FAQ
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