Acadia Realty Trust Stock Forecast
Acadia Realty Trust stock price up 1.38% on Tuesday
(Updated on Apr 23, 2024)
The Acadia Realty Trust stock price gained 1.38% on the last trading day (Tuesday, 23rd Apr 2024), rising from $17.42 to $17.66. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.90% from a day low at $17.38 to a day high of $17.71. The price has risen in 7 of the last 10 days and is up by 2.38% over the past 2 weeks. Volume fell on the last day by -262 thousand shares and in total, 939 thousand shares were bought and sold for approximately $16.58 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $16.99 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $17.93 sometime during the next 3 months.
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AKR Signals & Forecast
Mostly positive signals in the chart today. The Acadia Realty Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.06 and $16.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 9.28%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, April 05, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 05, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, March 26, 2024 and based on theory for this formation the price should go up by 0.590% to $17.76 within 7 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for Acadia Realty Trust stock
Acadia Realty Trust finds support from accumulated volume at $17.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.330 (1.90%) between high and low. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: $16.79 (-4.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (AKR) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Acadia Realty Trust to open at $17.58, and during the day (based on 14 day Average True Range), to move between $17.26 and $18.06, which gives a possible trading interval of +/-$0.402 (+/-2.27%) up or down from last closing price. If Acadia Realty Trust takes out the full calculated possible swing range there will be an estimated 4.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $17.23, some $0.430 (2.43%) from the current price of $17.66, our system finds the risk reward attractive.
Earnings coming up
Acadia Realty Trust will release earnings AMC on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.300. We will update the financials statements for Acadia Realty Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.75% in the first trading day after earnings release.
Is Acadia Realty Trust stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Acadia Realty Trust stock to perform well in the short-term period.
Current score: 3.510 Buy Candidate Unchanged
Predicted Opening Price for Acadia Realty Trust of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $17.58 ( 0.434%) | $17.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.91 | 1.43 % | |
| R2 | 17.79 | 0.721 % | ||
| R1 | 17.71 | 0.280 % | ||
| Current price: | 17.66 | |||
| Support | S1 | 17.46 | -1.15 % | |
| S2 | 17.38 | -1.59 % | ||
| S3 | 17.25 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 17.66 | |||
| Support | S1 | 17.23 | -2.43% | |
| S2 | 16.61 | -5.95% | ||
| S3 | 16.56 | -6.23% |
AKR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.180 | 1.04% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.180 | 1.05% |
| 3 | Aug 09, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.180 | 1.29% |
| 4 | May 03, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.180 | 1.20% |
| 5 | Jan 17, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.180 | 1.38% |
FAQ
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