Agree Realty Corporation Stock Forecast
Agree Realty Corporation stock price ended at $55.18 on Wednesday, after gaining 0.510%.
(Updated on Apr 17, 2024)
The Agree Realty Corporation stock price gained 0.510% on the last trading day (Wednesday, 17th Apr 2024), rising from $54.90 to $55.18. During the last trading day the stock fluctuated 0.92% from a day low at $54.85 to a day high of $55.35. The price has fallen in 6 of the last 10 days and is down by -1.99% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 199 thousand more shares were traded than the day before. In total, 938 thousand shares were bought and sold for approximately $51.77 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.63% during the next 3 months and, with a 90% probability hold a price between $49.26 and $54.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ADC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.510%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Agree Realty Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $56.24 and $56.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 3.60% to $57.17 within 32 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for Agree Realty Corporation stock
Agree Realty Corporation finds support from accumulated volume at $54.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.505 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADC) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Agree Realty Corporation to open at $55.13, and during the day (based on 14 day Average True Range), to move between $54.18 and $56.18, which gives a possible trading interval of +/-$1.00 (+/-1.81%) up or down from last closing price. If Agree Realty Corporation takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.95 (0.42%) than the resistance at $56.20 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Agree Realty Corporation will release earnings AMC on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.01. We will update the financials statements for Agree Realty Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.08% in the first trading day after earnings release.
Is Agree Realty Corporation stock A Buy?
Agree Realty Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.804 Sell Candidate Unchanged
Predicted Opening Price for Agree Realty Corporation of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $55.13 ( 0.0997%) | $55.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.63 | 0.82 % | |
| R2 | 55.44 | 0.466 % | ||
| R1 | 55.32 | 0.250 % | ||
| Current price: | 55.18 | |||
| Support | S1 | 54.93 | -0.449 % | |
| S2 | 54.81 | -0.665 % | ||
| S3 | 54.62 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.16 | 10.84 % | |
| R2 | 56.56 | 2.50 % | ||
| R1 | 56.20 | 1.85 % | ||
| Current price | 55.18 | |||
| Support | S1 | 54.95 | -0.417% | |
| S2 | 54.90 | -0.507% | ||
| S3 | 0 | . |
ADC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | $0.250 | 0.453% |
| 2 | Mar 12, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.247 | 0.439% |
| 3 | Feb 08, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.247 | 0.447% |
| 4 | Jan 11, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.247 | 0.440% |
| 5 | Dec 12, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.247 | 0.396% |
FAQ
Click here for our free guide on how to buy Agree Realty Corporation Stock.
