Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Thursday for Independence Realty Trust, Inc
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 28, 2024 Gain 10.18% PDF

The Independence Realty Trust, Inc stock price gained 0.750% on the last trading day (Thursday, 28th Mar 2024), rising from $16.01 to $16.13. During the last trading day the stock fluctuated 1.59% from a day low at $16.06 to a day high of $16.32. The price has been going up and down for this period, and there has been a 4.27% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 715 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $23.56 million.

The stock lies in the upper part of a wide and 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 $16.39 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.45% during the next 3 months and, with a 90% probability hold a price between $15.59 and $17.29 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.

IRT Signals & Forecast

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 $15.97 and $15.42. 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 Thursday, March 21, 2024, and so far it has fallen -0.186%. 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).

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, March 21, 2024 and based on theory for this formation the price should fall by -3.70% to $15.53 within 9 trading days since signal was issued (Monday, April 01, 2024).

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 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 $0.256 (1.59%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $15.47 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (IRT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Independence Realty Trust, Inc to open at $16.17, and during the day (based on 14 day Average True Range), to move between $15.76 and $16.50, which gives a possible trading interval of +/-$0.374 (+/-2.32%) 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 4.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.16 (0.19%) than the support at $15.54 (3.66%), 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: 2.478 Buy Candidate Unchanged

Predicted Opening Price for Independence Realty Trust, Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$16.17 ( 0.240%) $16.13

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 16.42 1.83 %
R2 16.33 1.22 %
R1 16.27 0.85 %
Current price: 16.13
Support S1 16.07 -0.367 %
S2 16.01 -0.741 %
S3 15.91 -1.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 16.20 0.434 %
R1 16.16 0.186 %
Current price 16.13
Support S1 15.54 -3.66%
S2 15.20 -5.77%
S3 14.75 -8.56%

IRT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 19, 2024 $0.160 0.99%
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 2024-03-28, the price of an Independence Realty Trust, Inc (IRT) share was $16.13.

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 2024-03-28, the market capitalization of Independence Realty Trust, Inc is 3.626B.

When is the next earnings date for Independence Realty Trust, Inc?
The upcoming earnings date for Independence Realty Trust, Inc is Apr 24, 2024.
Click to get the best stock tips daily for free!

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

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