Technical Analysis Based on recent price action, AMH is showing mixed signals. The RSI(14) at 51.83 indicates neutral momentum, while MACD at -0.31 suggests slight bearish pressure. The stock is currently trading below its 200-day SMA of $36.69, indicating a longer-term bearish trend.
Price Levels Key Fibonacci levels show immediate resistance at $35.52 and support at $34.23. The stock has been consolidating between these levels, with stronger resistance at $35.91 and support at $33.84.
News Sentiment Recent analyst coverage remains positive. Wells Fargo maintains a Buy rating with a $39 price target, while Morgan Stanley also issued a Buy rating. However, Barclays maintains a Hold rating, suggesting some caution. Corporate insider sentiment is negative, with increased selling activity, including the CEO's recent sale of 40,000 shares.
Fundamental Factors The company's dividend yield recently passed through 3% mark, and the residential real estate market shows strong fundamentals with high apartment demand in Q4 2024.
Price Prediction for Next Week Based on technical indicators and current market conditions:
Trading Recommendation SELL with target entry at current market price ($34.45). Set stop loss at $35.52 and take profit at $33.84. The negative insider sentiment, bearish MACD, and price trading below 200-day SMA suggest downward pressure in the short term.
The price of AMH is predicted to go up 3.6%, based on the high correlation periods with NCTY. The similarity of these two price pattern on the periods is 97.26%.
AMH
NCTY
Barclays
2025-01-24
Price Target
$39 → $37
Upside
+6.43%
Morgan Stanley
2025-01-24
Price Target
$39 → $40
Upside
+15.06%
Scotiabank
2025-01-23
Price Target
$38
Upside
+10.29%