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AVB Stock Tickeron detected bearish Stock Pattern: Triangle Symmetrical Top AVB on September 22, 2023, netting in a 8.26% gain over 1 week

A.I.dvisor
at Tickeron.com
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+8.26% Gain from a Successful pattern Triangle Symmetrical Top
AVB - AvalonBay Communities
Tickeron
Ticker: AVB
Company: AvalonBay Communities
Gain from shortening: +8.26%
Confirmed: 09/22/23
Succeeded: 10/03/23
Total length: 13 days
On September 20, 2023, A.I.dvisor detected a Triangle Symmetrical Top Pattern (Bearish) for AvalonBay Communities (AVB, $180.93). 2 days later, on September 22, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 03, 2023, the stock hit the target price of $165.71 – resulting in a gain for traders who shorted the stock on the pattern detection date.

AVB's Stochastic Oscillator is sitting in overbought zone for 5 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AVB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 08, 2024. You may want to consider a long position or call options on AVB as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for AVB just turned positive on November 08, 2024. Looking at past instances where AVB's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

AVB moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AVB crossed bullishly above the 50-day moving average on November 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVB advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

AVB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 281 cases where AVB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AVB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.185) is normal, around the industry mean (1.979). P/E Ratio (27.640) is within average values for comparable stocks, (62.368). Projected Growth (PEG Ratio) (4.967) is also within normal values, averaging (7.058). Dividend Yield (0.037) settles around the average of (0.068) among similar stocks. P/S Ratio (9.276) is also within normal values, averaging (7.130).

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AVB
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A.I.Advisor
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A.I. Advisor
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General Information

a manager of multifamily apartment communities

Industry RealEstateInvestmentTrusts

Profile
Fundamentals
Details
Industry
Real Estate Investment Trusts
Address
4040 Wilson Boulevard
Phone
+1 703 329-6300
Employees
3039
Web
https://www.avaloncommunities.com