American Homes 4 Rent: Monthly 3 Black Crows Channel BreakdownAMH has confirmed 3 Black Crows on the Monthly Timeframe and has cracked below an ascending channel and the 21SMA. I expect that we will get severe follow-through as both the Rental Sector and the Real Estate Industry in general continue their decline into the higher interest rate environment.
AMH trade ideas
REVIEW $AMHBearish
Fundamental
- Funds are distributing
- High PE
- High PEG ratio
- Rate hike is not good for REITS
TA
- Bearish momentum divergence ( first sign of bearish ) Must proceed with care if LONG
- Price broke down upward trend line
- Rejected trend line with long wick
- Formed head and shoulders formation
- Price below major S/R level confluence with 0.3 Fibo = Strong trend downwards
AMH as a hedge against interest rates and long term play?Stumbled across AMH, from mistyping SMH, but the name piqued my curiosity. As many have heard, buying homes is becoming very difficult due to inflation, inventory, etc. AMH looks like it can capitalize on this and provide decent safe haven.
Related article.
www.thebharatexpressnews.com
AMERICAN HOME 4 RENT EstimatesHey investors, AMERICAN HOME 4 RENT is in a fake bearish configuration, with a small number of wantume to purchase. Big possibility that buyers are still in the process of pushing up their purchase prices, this upward continuation starts on the last previous higher and may go into the decision area to set a new price.
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Cleared the Kumo. Waiting on Resistance.From a purely technical perspective, AMH is bullish because we've broken the Kumo. However, we're at an area where we lost support and hence it has become resistance. If we see a consolidation or a breakout from this area that will be a strong indicator to buy. What we don't want to see is price reject sharply from here.
American Homes for rent In breakout alertCompany profile
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating single-family home as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Agoura Hills, CA.
LongI like this stock and this is why:
There is a very strong support line.
The stock bouced at it today.
The candle of today did a nice little doji and and a doji shows indecision in the stock and indecision after a strong down move like that shows us that that the bears start to loose control and the bulls may start getting the power.
When you see 4 red days in a row , then a little indecision candle like that, the chance that the stock will continue down versus the chance that the stock will reverse are pretty low in my opinion so im expecting a reversal but it may not happen.
AMH - Channel UpAmerican Homes 4 Rent is a real estate investment trust based in Agoura Hills. Early funding included $600 million from the Alaska Permanent Fund (The Alaska Permanent Fund is a fund developed mainly from oil revenues in Alaska). The company held its initial public offering in August 2013. As of September 30, 2016, AMH owned 48,153 single-family properties in selected submarkets in 22 states.
MACD is bright green and the RSI has room before oversold. Fisher RSI is oversold so watch for a tick down as an early sell signal