A clear up channel has emerged. This up channel should be respected and price continue through the channel Allows for the curve to be placed if we assume continuation. Daily timeframe
Company: Invitation Homes Inc. Ticker: INVH Exchange: NYSE Sector: Real Estate Introduction: Today's technical analysis focuses on Invitation Homes Inc. (INVH), a key player in the Real Estate sector, listed on the NYSE. The daily chart presents an unfolding Rectangle pattern, indicating a potential breakout scenario for bullish investors. Rectangle Pattern:...
With rates set to rise 50 bps for the next 3 fed meetings, mortage rates will explode and so will home prices. Will Invitation Homes feel the pressure?
My last graph described a short term catalyst (Earnings didn't work out) but the long term short catalyst is as strong as ever. With the market downturn incoming this will get hit hard and it doesn't matter what management wants to say, a lot of people will be unable to pay rent or buy homes.
Short term- Any honest answers to rent payments during the conference call will make this an easy short. Broke below current support trendline Long term- The unfortunate events of coronavirus is hard working people can't afford rent without a job. It's going to be hard over the long term to find renters during a depression as well. My advice, draw your own...