TRNO - Terreno Realty Corporation Fri 20'th Jan 2017
Stock analysis for Fri 20'th Jan 2017 (Updated daily)
Hold candidate since 2017-01-20
Terreno Realty Corporation Stock Analysis
Terreno Realty Corporation fell by -0.04% in the last day, from USD 28.04 to USD 28.03. The price has fallen in 6 of the last 10 days and is down by -2.71% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -38 031 shares and in total, 369 774 shares bought and sold for approx. USD 10.36 million.
Terreno Realty Corporation lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 27.89 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.0% during the next 3 months and, with 90% probability hold a price between USD 31.52 and USD 34.27 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday January 13, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Terreno Realty Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 USD 28.03 and USD 28.15. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
Terreno Realty Corporation finds support from accumulated volume at USD 28.01, USD 27.22, and USD 24.91. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 28.04, USD 28.08 and USD 28.51.
The stock is about to test the resistance from accumulated volume at USD 28.04 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.22 (0.79%) between high and low. For the last week, the stock has had a daily average volatility of 1.67%.
Our recommended stoploss: USD 27.38 (-2.32%) ( based on support and risk)
Terreno Realty Corporation holds several negative signals and isolated this should give a sell recommendiation, but due to general chance for a turnaround situation we recommend a hold or accumulate position awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.