Invitation Homes Inc Stock Forecast

Invitation Homes Inc stock price ended at $34.13 on Tuesday, after gaining 1.04%.
(Updated on Apr 23, 2024)

INVH Signals & Forecast

There are mixed signals in the stock today. The Invitation Homes 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 $34.59. On a fall, the stock will find some support from the short-term average at $33.51. 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). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.30%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Monday, December 11, 2023 in the long-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 Invitation Homes Inc stock

Invitation Homes Inc finds support from accumulated volume at $33.45 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 $0.450 (1.33%) between high and low. For the last week, the stock has had daily average volatility of 1.31%.

Our recommended stop-loss: $32.55 (-4.63%) (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 (INVH) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Invitation Homes Inc to open at $34.05, and during the day (based on 14 day Average True Range), to move between $33.55 and $34.71, which gives a possible trading interval of +/-$0.577 (+/-1.69%) up or down from last closing price. If Invitation Homes Inc takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $34.61 (1.41%) than the support at $33.45 (1.99%), 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 Invitation Homes Inc stock A Buy?

Invitation Homes Inc 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: -0.254 Hold/Accumulate Unchanged

Predicted Opening Price for Invitation Homes Inc of Wednesday, April 24, 2024

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