Autohome 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
Autohome Inc stock price down 1.86% on Tuesday
(Updated on Apr 16, 2024)
The Autohome Inc stock price fell by -1.86% on the last day (Tuesday, 16th Apr 2024) from $24.71 to $24.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.53% from a day low at $24.23 to a day high of $24.60. The price has fallen in 6 of the last 10 days and is down by -9.99% for this period. Volume has increased on the last day by 51 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, 257 thousand shares were bought and sold for approximately $6.24 million.
Given the current short-term trend, the stock is expected to rise 4.83% during the next 3 months and, with a 90% probability hold a price between $25.42 and $29.48 at the end of this 3-month period.
ATHM Signals & Forecast
There are few to no technical positive signals at the moment. The Autohome Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.97 and $26.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -11.40%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Autohome Inc stock
Autohome Inc finds support from accumulated volume at $24.24 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 $0.370 (1.53%) between high and low. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATHM) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Autohome Inc to open at $24.36, and during the day (based on 14 day Average True Range), to move between $23.55 and $24.95, which gives a possible trading interval of +/-$0.696 (+/-2.87%) up or down from last closing price. If Autohome Inc takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.24 (0.04%) than the resistance at $25.20 (3.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Autohome Inc stock A Buy?
The Autohome Inc stock holds several negative signals and despite the positive trend, we believe Autohome Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.698 Sell Candidate Unchanged
Predicted Opening Price for Autohome Inc of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$24.36 ( 0.454%) | $24.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATHM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.73 | 1.98 % | |
R2 | 24.59 | 1.40 % | ||
R1 | 24.50 | 1.04 % | ||
Current price: | 24.25 | |||
Support | S1 | 24.22 | -0.129 % | |
S2 | 24.13 | -0.489 % | ||
S3 | 23.99 | -1.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.89 | 10.89 % | |
R2 | 25.97 | 7.09 % | ||
R1 | 25.20 | 3.92 % | ||
Current price | 24.25 | |||
Support | S1 | 24.24 | -0.0412% | |
S2 | 24.06 | -0.784% | ||
S3 | 24.04 | -0.87% |
ATHM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 14, 2023 | Dec 28, 2023 | Mar 27, 2024 | $1.13 | 4.26% |
2 | Feb 16, 2023 | Mar 20, 2023 | Apr 11, 2023 | $0.580 | 1.91% |
3 | Feb 24, 2022 | Mar 18, 2022 | Apr 05, 2022 | $0.530 | 1.64% |
4 | Feb 08, 2021 | Feb 24, 2021 | Mar 05, 2021 | $0.87 | 0.790% |
5 | Feb 19, 2020 | Apr 14, 2020 | Apr 22, 2020 | $0.770 | 1.02% |
FAQ
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