AvalonBay Communities Inc Stock Forecast
Stronger technical forecast for AvalonBay Communities Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The AvalonBay Communities Inc stock price gained 1.67% on the last trading day (Wednesday, 27th Mar 2024), rising from $180.67 to $183.69. During the last trading day the stock fluctuated 1.97% from a day low at $180.44 to a day high of $183.99. The price has fallen in 6 of the last 10 days and is down by -1.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 538 thousand more shares were traded than the day before. In total, 888 thousand shares were bought and sold for approximately $163.03 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $187.05 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect AvalonBay Communities Inc stock with a 90% probability to be traded between $170.66 and $187.49 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.
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AVB Signals & Forecast
The AvalonBay Communities Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $182.88 and $179.76. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -1.74%. 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). The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for AvalonBay Communities Inc stock
AvalonBay Communities Inc finds support from accumulated volume at $178.15 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 $3.55 between high and low, or 1.97%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: $175.78 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (AVB) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect AvalonBay Communities Inc to open at $182.71, and during the day (based on 14 day Average True Range), to move between $180.55 and $186.83, which gives a possible trading interval of +/-$3.14 (+/-1.71%) up or down from last closing price. If AvalonBay Communities Inc takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $183.71 (0.01%) than the support at $178.15 (3.02%), 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 AvalonBay Communities Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for AvalonBay Communities Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.153 Buy Candidate Upgraded
Predicted Opening Price for AvalonBay Communities Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$182.71 ( 0.535%) | $183.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 186.26 | 1.40 % | |
R2 | 184.90 | 0.659 % | ||
R1 | 184.06 | 0.203 % | ||
Current price: | 183.69 | |||
Support | S1 | 181.35 | -1.27 % | |
S2 | 180.51 | -1.73 % | ||
S3 | 179.16 | -2.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 186.95 | 1.77 % | |
R2 | 184.24 | 0.299 % | ||
R1 | 183.71 | 0.0109 % | ||
Current price | 183.69 | |||
Support | S1 | 178.15 | -3.02% | |
S2 | 177.50 | -3.37% | ||
S3 | 176.12 | -4.12% |
AVB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 31, 2024 | Mar 27, 2024 | Apr 15, 2024 | $1.70 | 0.93% |
2 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $1.65 | 0.92% |
3 | Sep 14, 2023 | Sep 28, 2023 | Oct 16, 2023 | $1.65 | 0.93% |
4 | May 24, 2023 | Jun 29, 2023 | Jul 17, 2023 | $1.65 | 0.85% |
5 | Feb 08, 2023 | Mar 30, 2023 | Apr 17, 2023 | $1.65 | 0.95% |
FAQ
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