AVB stock: buy or sell
Updated on:
Apr 22nd, 2021
2
AVB stock brief
- Counting on Wednesday, it's been 5 consecutive sessions in green for AvalonBay. Price closed on Wednesday at $193.62 after only moving a 0.49%.
- The price is currently higher than the upper Bollinger band, which usually indicates a short-term correction
Should I buy AvalonBay stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $AVB stock a buy?
Currently, AvalonBay stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $AVB in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell AvalonBay stock?
Do you know when is it time to sell AvalonBay?. Trading strategies allow us to avoid impetuous decisions based on our sentiments or the buzz surrounding the market. When selling, as well as buying, our setups are very easy to use and are only valid for selling shares in your porfolio, not for selling short AvalonBay stock
A golden rule is that you must never keep an investment that results in losses greater than those expected at the time of the buy. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell AvalonBay stock?
In the current situation of AvalonBay there is not any eligible sell setup, so AvalonBay stock holders with operations in green can keep their positions
AvalonBay ratings
In the last 30 days, 5 brokerage ratings were published for AvalonBay
| Brokerage firm | Rating |
|---|---|
| Mar 23rd, 2021 | |
| Zelman & Associates | |
| Mar 24th, 2021 | |
| BTIG Research | |
| Deutsche Bank Aktiengesellschaft | Neutral → |
| Mar 30th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Neutral → |
| Royal Bank of Canada | |
AvalonBay stock analysis
Since in October 2020, AvalonBay has been printing an uptrend that so far marked a gorgeous 50.15%. During this uptrend, the price offered some buy points on the breakouts. Latest pullback was in early March, when price bounced at $173.37. AvalonBay broke out above $184.08 (its last top) in late March. That breakout was a good buying opportunity
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
The actual range between the upper and lower bands is less than 5%, which means that price volatility is low. Reduced volatility is often the antecedent to a sharp movement (up or down), so we must be alert and manage our buy or sell orders accordingly
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 66.86. Since then, AvalonBay shares just moved a 0.96%
AvalonBay stock price history
AvalonBay went public priced at an adjusted price1 of $7.78 on Mar 1994. Since then, AVB stock surged by 2,388.69%, with an average of 88.47% per year. An investment of $1,000USD on Mar 1994 would have a value of $24,886.89 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for AvalonBay stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price predictions posted by financial institutions in the last month. If you are a small investor you should not trade based on these price targets.
There are 3 price predictions published for AvalonBay that average $176.67. AvalonBay closed at $193.62 on Wednesday, so the target price is expecting a decrease by 8.75%.
| Brokerage firm | Price target |
|---|---|
| Mar 23rd, 2021 | |
| Zelman & Associates | Not available |
| Mar 24th, 2021 | |
| BTIG Research | $200.00 → $206.00 |
| Deutsche Bank Aktiengesellschaft | $160.00 → $162.00 |
| Mar 30th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $160.00 → $162.00 |
| Royal Bank of Canada | Not available |
Earnings and financials
Earnings call was hosted by AvalonBay ($AVB) last February after presenting the financial report. AVB posted earnings of $2.02 per share on revenue of $555.8 million. The Wall St estimate was $0.86 per share on revenue of $562.4 million.
This compares to Earnings of $1.20 per share same quarter last year, so current EPS is a gain of 68.33%. Turnover fell a -7.88% on an annualized basis in the , from $6.0B to $5.5B last quarter.AVB ($AVB) is hosting the earnings call next Wednesday. Wall Street estimates of $0.73, compared to previous quarter that made $2.02.
AvalonBay performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| AvalonBay ($AVB) | 5.20% | 18.80% | 34.40% |
Disclaimer:
The opinions written in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the individual positions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for informational purposes onlyAVB summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $192.92 |
| Close | $193.62 |
| Day range | $191.25 - $194.36 |
| Previous close | $192.68 |
| Session gain | 0.49% |
| Average true range | $2.85 |
| 50d mov avg | $182.97 |
| 100d mov avg | $172.10 |
| 200d mov avg | $161.10 |
| Earnings date | May 5th, 2021 |