Good technical signals and a possible breakout for AMERICAN HEALTHCARE REIT INC (NYSE:AHR).

A possible breakout setup was detected on AMERICAN HEALTHCARE REIT INC (NYSE:AHR) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:AHR.

Technical analysis of AHR

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, AHR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AHR has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, AHR did better than 97% of all other stocks. On top of that, AHR also shows a nice and consistent pattern of rising prices.
• AHR is one of the better performing stocks in the Diversified REITs industry, it outperforms 99% of 130 stocks in the same industry.
• AHR is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
• In the last month AHR has a been trading in the 26.48 - 31.61 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of AHR

Looking at the Setup

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, AHR exhibits a 8 setup rating, indicating its consolidation status in recent days and weeks.

AHR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 30.62. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AHR in the last couple of days, which is a good sign.

How can AHR be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.