Invitation Homes Inc Stock Forecast
Invitation Homes Inc stock price up 2.03% on Thursday
(Updated on Mar 28, 2024)
The Invitation Homes Inc stock price gained 2.03% on the last trading day (Thursday, 28th Mar 2024), rising from $34.90 to $35.61. During the last trading day the stock fluctuated 1.60% from a day low at $35.11 to a day high of $35.67. The price has risen in 6 of the last 10 days and is up by 2.12% over the past 2 weeks. Volume fell on the last day by -337 thousand shares and in total, 2 million shares were bought and sold for approximately $82.49 million. 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $36.05 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.19% during the next 3 months and, with a 90% probability hold a price between $34.49 and $37.56 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.
INVH Signals & Forecast
The Invitation Homes 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 $34.81 and $34.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 10.52%. 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. 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). 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.
Golden Star 12 Months
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 $34.07 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 $0.560 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: $34.41 (-3.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (INVH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Invitation Homes Inc to open at $35.46, and during the day (based on 14 day Average True Range), to move between $35.03 and $36.19, which gives a possible trading interval of +/-$0.578 (+/-1.62%) up or down from last closing price. If Invitation Homes Inc takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.07, some $1.54 (4.32%) from the current price of $35.61, our system finds the risk reward attractive.
Is Invitation Homes Inc 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 Invitation Homes Inc stock to perform well in the short-term.
Current score: 4.569 Buy Candidate Unchanged
Predicted Opening Price for Invitation Homes Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$35.46 ( 0.421%) | $35.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INVH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.02 | 1.15 % | |
R2 | 35.81 | 0.551 % | ||
R1 | 35.67 | 0.180 % | ||
Current price: | 35.61 | |||
Support | S1 | 35.25 | -1.02 % | |
S2 | 35.11 | -1.39 % | ||
S3 | 34.90 | -1.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 35.61 | |||
Support | S1 | 34.07 | -4.32% | |
S2 | 33.68 | -5.42% | ||
S3 | 32.33 | -9.21% |
INVH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 27, 2024 | Apr 19, 2024 | $0.280 | 0.786% |
2 | Dec 08, 2023 | Dec 26, 2023 | Jan 19, 2024 | $0.280 | 0.83% |
3 | Oct 20, 2023 | Nov 06, 2023 | Nov 22, 2023 | $0.260 | 0.779% |
4 | Jul 21, 2023 | Aug 07, 2023 | Aug 25, 2023 | $0.260 | 0.770% |
5 | Apr 28, 2023 | May 09, 2023 | May 26, 2023 | $0.260 | 0.779% |
FAQ
Click here for our free guide on how to buy Invitation Homes Inc Stock.