INVH - Channel UpA 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
INVH
Invitation Homes Inc. DCA - Rectangle PatternCompany: 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:
The Rectangle pattern is typically observed during periods of market consolidation and can signify either a bullish or bearish reversal or trend continuation, depending on the direction and place of the breakout. It's characterized by a trading range where the price oscillates between a defined support and resistance level.
Analysis:
Earlier, Invitation Homes was experiencing a distinct downward trend, as represented by the blue diagonal resistance line. However, the trend appears to be shifting, with the price now consolidating within a Rectangle pattern that has been forming for the past 238 days. It acts as a reversal pattern.
Recently, the price closed not only above the 200 EMA but also above the rectangle's upper boundary at 34.15, so we could enter this trade directly. We would ideally like to see the price break above the diagonal resistance line.
Assuming the breakout is valid, the price target is projected at 39.73, indicating a potential upside of approximately 16.34%.
Conclusion:
Invitation Homes' daily chart suggests a promising setup in the form of a Rectangle breakout, implying a potential bullish reversal. This configuration could provide a favorable long trading opportunity.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions..
HOUSING BUBBLE 2022 THE NEXT BIG SHORT?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?
INVH long term short is looking even betterMy 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.
longterm great shortShort 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 conclusions and trades. Good luck!
