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 IRT
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Green day on Wednesday for Independence Realty Trust, Inc
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 28, 2024 Gain 9.36% PDF

The Independence Realty Trust, Inc stock price gained 1.33% on the last trading day (Wednesday, 27th Mar 2024), rising from $15.80 to $16.01. During the last trading day the stock fluctuated 1.62% from a day low at $15.77 to a day high of $16.03. The price has fallen in 6 of the last 10 days but is still up by 1.2% over the past 2 weeks. Volume fell on the last day by -412 thousand shares and in total, 746 thousand shares were bought and sold for approximately $11.94 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 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 4.70% during the next 3 months and, with a 90% probability hold a price between $15.40 and $17.12 at the end of this 3-month period.

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IRT Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -1.17%. 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 Independence Realty Trust, 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 $15.87 and $15.38. A breakdown below any of these levels will issue sell signals. 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.

Support, Risk & Stop-loss for Independence Realty Trust, Inc stock

Independence Realty Trust, Inc finds support from accumulated volume at $15.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.255 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 1.94%.

Our recommended stop-loss: $15.42 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Independence Realty Trust, Inc to open at $15.94, and during the day (based on 14 day Average True Range), to move between $15.63 and $16.39, which gives a possible trading interval of +/-$0.379 (+/-2.37%) up or down from last closing price. If Independence Realty Trust, Inc takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.04 (0.19%) than the support at $15.54 (2.94%), 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 Independence Realty Trust, 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 Independence Realty Trust, Inc stock to perform well in the short-term.

Current score: 1.617 Buy Candidate Unchanged

Predicted Opening Price for Independence Realty Trust, Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$15.94 ( 0.468%) $16.01

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

Trading levels for IRT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.19 1.12 %
R2 16.09 0.516 %
R1 16.03 0.140 %
Current price: 16.01
Support S1 15.84 -1.08 %
S2 15.78 -1.45 %
S3 15.68 -2.06 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.20 1.19 %
R2 16.16 0.94 %
R1 16.04 0.187 %
Current price 16.01
Support S1 15.54 -2.94%
S2 15.20 -5.06%
S3 14.75 -7.87%

IRT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 19, 2024 $0.160 1.00%
2 Dec 28, 2023 Dec 28, 2023 Jan 19, 2024 $0.160 1.03%
3 Sep 12, 2023 Sep 28, 2023 Oct 20, 2023 $0.160 1.21%
4 May 10, 2023 Jun 29, 2023 Jul 21, 2023 $0.160 0.90%
5 Mar 13, 2023 Mar 30, 2023 Jul 21, 2023 $0.140 0.791%

FAQ

What is the symbol for Independence Realty Trust, Inc Stock and on which exchange is it traded?
The symbol for Independence Realty Trust, Inc is IRT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Independence Realty Trust, Inc 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 Independence Realty Trust, Inc stock to perform well in the short-term.

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

What's the current price of Independence Realty Trust, Inc Stock?
As of the end of day on the 2024-03-27, the price of an Independence Realty Trust, Inc (IRT) share was $16.01.

What is the 52-week high and low for Independence Realty Trust, Inc Stock?
The 52-week high for Independence Realty Trust, Inc Stock is $18.77 and the 52-week low is $11.61.

What is the market capitalization of Independence Realty Trust, Inc Stock?
As of the 2024-03-27, the market capitalization of Independence Realty Trust, Inc is 3.599B.

When is the next earnings date for Independence Realty Trust, Inc?
The upcoming earnings date for Independence Realty Trust, Inc is Apr 24, 2024.
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About Independence Realty Trust, Inc

Independence Realty Trust Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted... IRT Profile

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