AMERICAN HOMES 4 RENT- A (AMH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AMH - US02665T3068 - REIT
Overall AMH gets a technical rating of 0 out of 10. AMH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, AMH is a bad performer in the overall market: 76% of all stocks are doing better.
- AMH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- AMH has an average volume of 3510780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AMH is part of the Residential REITs industry. There are 20 other stocks in this industry, AMH did better than 42% of them.
- In the last month AMH has a been trading in the 28.84 - 32.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AMH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
30.47
When analyzing the support we notice one important area.
- Support @30.78 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 31.61 to 32.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.17 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AMH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMH is neutral. |
| ChartMill Relative Strength | 24.1 | NEGATIVE | AMH has a low relative strength, it was outperformed by 75.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.76 | NEUTRAL | The RSI value for AMH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests AMH has a negative trend. |
| Stochastics (14,3) | 56.38 | NEUTRAL | The Stochastics value for AMH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for AMH suggests some volalility. |
| Average Directional Index/ADX (14) | 20.24 | NEUTRAL | The ADX value for AMH suggests a possible start of a new trend. |
30.79
-0.74 (-2.35%)
AMERICAN HOMES 4 RENT- A / AMH FAQ
Can you provide the ChartMill technical rating for AMERICAN HOMES 4 RENT- A?
ChartMill assigns a technical rating of 0 / 10 to AMH.
What is the current trend direction of AMERICAN HOMES 4 RENT- A (AMH) stock?
The current trend direction for AMERICAN HOMES 4 RENT- A (AMH) is Bearish.
What is the RSI signal for AMH stock?
AMERICAN HOMES 4 RENT- A (AMH) has an RSI value of 41.763. This indicates that the stock is currently neutral.
What is the short term momentum for AMERICAN HOMES 4 RENT- A (AMH) stock?
The short term momentum for AMERICAN HOMES 4 RENT- A (AMH) is neutral.
What is the support and resistance level for AMH stock?
AMERICAN HOMES 4 RENT- A (AMH) has a support level at 30.78 and a resistance level at 31.61. Check the full technical report for our detailed analysis of AMH support and resistance levels.