Starwood Waypoint Residential Trust Stock Forecast
Big movements in Starwood Waypoint Residential Trust stock price on Wednesday moving 10.98% between high and low
(Updated on Apr 17, 2024)
The Starwood Waypoint Residential Trust stock price gained 19.26% on the last trading day (Wednesday, 17th Apr 2024), rising from £54.00 to £64.40. During the last trading day the stock fluctuated 10.98% from a day low at £58.12 to a day high of £64.50. The price has fallen in 5 of the last 10 days but is still up by 14.18% 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, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £111.59 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £59.72, a level that may pose a second chance to hit a runner. According to fan-theory £70.71 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 £57.11 and £53.66. 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 19.26%. 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 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 £6.38 between high and low, or 10.98%. For the last week, the stock has had daily average volatility of 9.17%.
Our recommended stop-loss: £62.02 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (SFR.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Starwood Waypoint Residential Trust to open at £62.34, and during the day (based on 14 day Average True Range), to move between £60.62 and £68.18, which gives a possible trading interval of +/-£3.78 (+/-5.87%) 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 11.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £56.40, some £8.00 (12.42%) from the current price of £64.40, our system finds the risk reward attractive.
Is Starwood Waypoint Residential Trust stock A Buy?
Starwood Waypoint Residential Trust holds several positive signals and the break up from the falling trend indicates a possible shift of trend as well. The trend doesn't have to go from falling to rising, it may as well go horizontal or even just decrease the earlier fall rate, but we find the risk-reward to be attractive and expect the stock to perform very well in the short term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 5.167 Strong Buy Candidate Upgraded
Predicted Opening Price for Starwood Waypoint Residential Trust of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £62.34 ( 3.20%) | £64.40 |
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 | 68.72 | 6.71 % | |
| R2 | 66.28 | 2.92 % | ||
| R1 | 64.78 | 0.586 % | ||
| Current price: | 64.40 | |||
| Support | S1 | 59.90 | -6.98 % | |
| S2 | 58.40 | -9.32 % | ||
| S3 | 55.96 | -13.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 64.40 | |||
| Support | S1 | 56.40 | -12.42% | |
| S2 | 54.00 | -16.15% | ||
| S3 | 53.60 | -16.77% |
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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