RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AXR
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

AMREP Corporation stock price ended at $23.25 on Wednesday, after gaining 4.49%.
(Updated on Mar 27, 2024)

Buy candidate since Mar 25, 2024 Gain 10.56% PDF

The AMREP Corporation stock price gained 4.49% on the last trading day (Wednesday, 27th Mar 2024), rising from $22.25 to $23.25. It has now gained 3 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 2.69% from a day low at $22.64 to a day high of $23.25. The price has risen in 6 of the last 10 days but is still down by -2.11% for this period. Volume fell on the last day by -6 thousand shares and in total, 3 thousand shares were bought and sold for approximately $63.22 thousand. 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 wide and 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 7.37% during the next 3 months and, with a 90% probability hold a price between $22.21 and $26.39 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

AXR Signals & Forecast

The AMREP Corporation 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 $22.54 and $22.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 12.75%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for AMREP Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $21.75 and $20.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AMREP Corporation finds support just below today's level at $21.75. If this is broken, then the next support from accumulated volume will be at $20.38 and $19.66.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.610 between high and low, or 2.69%. For the last week the stock has had daily average volatility of 8.13%.

Our recommended stop-loss: $22.45 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (AXR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect AMREP Corporation to open at $23.05, and during the day (based on 14 day Average True Range), to move between $22.16 and $24.34, which gives a possible trading interval of +/-$1.09 (+/-4.69%) up or down from last closing price. If AMREP Corporation takes out the full calculated possible swing range there will be an estimated 9.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.43 (0.77%) than the support at $21.75 (6.45%), 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 AMREP Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AMREP Corporation stock to perform well in the short-term.

Current score: 2.878 Buy Candidate Unchanged

Predicted Opening Price for AMREP Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$23.05 ( 0.87%) $23.25

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AXR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.66 1.75 %
R2 23.42 0.747 %
R1 23.28 0.128 %
Current price: 23.25
Support S1 22.81 -1.88 %
S2 22.67 -2.50 %
S3 22.44 -3.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.00 3.23 %
R2 23.75 2.15 %
R1 23.43 0.774 %
Current price 23.25
Support S1 21.75 -6.45%
S2 20.38 -12.34%
S3 19.66 -15.44%

AXR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 16, 2007 Aug 08, 2007 Aug 24, 2007 $1.00 2.55%
2 Jul 14, 2005 Dec 15, 2005 Aug 19, 2005 $3.50 12.37%
3 Jul 13, 2004 Jul 23, 2004 Aug 18, 2004 $0.400 2.22%
4 Jul 09, 2003 Jul 22, 2003 Aug 13, 2003 $0.250 1.95%

FAQ

What is the symbol for AMREP Corporation Stock and on which exchange is it traded?
The symbol for AMREP Corporation is AXR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell AMREP Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AMREP Corporation stock to perform well in the short-term.

How to buy AMREP Corporation Stock?
AMREP Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AMREP Corporation Stock.

What's the current price of AMREP Corporation Stock?
As of the end of day on the 2024-03-27, the price of an AMREP Corporation (AXR) share was $23.25.

What is the 52-week high and low for AMREP Corporation Stock?
The 52-week high for AMREP Corporation Stock is $24.36 and the 52-week low is $13.47.

What is the market capitalization of AMREP Corporation Stock?
As of the 2024-03-27, the market capitalization of AMREP Corporation is 122.558M.

When is the next earnings date for AMREP Corporation?
The upcoming earnings date for AMREP Corporation is Jul 23, 2024.
Click to get the best stock tips daily for free!

About AMREP Corporation

AMREP AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. It operates through two segments, Land Development and Homebuilding. The company sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. As of July 1, 2021, it owned approximately 18,000 acres in Rio Rancho, New Mexico. The company owns tracts of land in Colorado, including 1 property of approximatel... AXR Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT