Starwood Waypoint Residential Trust Stock Forecast
Evaluation of Starwood Waypoint Residential Trust stock downgraded after the last trading session.
(Updated on Apr 22, 2024)
The Starwood Waypoint Residential Trust stock price gained 0.294% on the last trading day (Monday, 22nd Apr 2024), rising from £68.00 to £68.20. It has now gained 4 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 2.93% from a day low at £68.20 to a day high of £70.20. The price has risen in 6 of the last 10 days and is up by 13.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 641 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £89.25 million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £60.30, a level that may pose a second chance to hit a runner. According to fan-theory £69.55 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SFR.L Signals & Forecast
Mostly positive signals in the chart today. The Starwood Waypoint Residential Trust 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 £61.89 and £55.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 26.30%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Starwood Waypoint Residential Trust stock
On the downside, the stock finds support just below today's level from accumulated volume at £56.40 and £54.00. 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, Starwood Waypoint Residential Trust finds support just below today's level at £56.40. If this is broken, then the next support from accumulated volume will be at £54.00 and £53.60.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £2.00 between high and low, or 2.93%. For the last week, the stock has had daily average volatility of 7.10%.
Our recommended stop-loss: £65.76 (-3.58%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (SFR.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Starwood Waypoint Residential Trust to open at £68.87, and during the day (based on 14 day Average True Range), to move between £64.46 and £71.94, which gives a possible trading interval of +/-£3.74 (+/-5.48%) up or down from last closing price. If Starwood Waypoint Residential Trust takes out the full calculated possible swing range there will be an estimated 10.97% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £56.40, some £11.80 (17.30%) from the current price of £68.20, our system finds the risk reward attractive.
Is Starwood Waypoint Residential Trust stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Starwood Waypoint Residential Trust stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.591 Buy Candidate Downgraded
Predicted Opening Price for Starwood Waypoint Residential Trust of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £68.87 ( 0.98%) | £68.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SFR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.87 | 3.91 % | |
| R2 | 70.10 | 2.79 % | ||
| R1 | 69.63 | 2.10 % | ||
| Current price: | 68.20 | |||
| Support | S1 | 68.10 | -0.143 % | |
| S2 | 67.63 | -0.83 % | ||
| S3 | 66.87 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 68.20 | |||
| Support | S1 | 56.40 | -17.30% | |
| S2 | 54.00 | -20.82% | ||
| S3 | 53.60 | -21.41% |
SFR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Jan 04, 2024 | Jan 04, 2024 | £0 | 0% |
| 2 | Nov 22, 2022 | Jan 05, 2023 | Feb 03, 2023 | £1.30 | 2.00% |
| 3 | Jun 15, 2022 | Sep 08, 2022 | Oct 14, 2022 | £1.90 | 3.80% |
| 4 | Nov 23, 2021 | Dec 09, 2021 | Jan 07, 2022 | £1.20 | 1.75% |
| 5 | Jun 16, 2021 | Aug 12, 2021 | Sep 04, 2021 | £1.80 | 2.28% |
FAQ
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