Agree Realty Corporation Stock Forecast
Red day on Tuesday for Agree Realty Corporation
(Updated on Jun 25, 2024)
The Agree Realty Corporation stock price fell by -0.624% on the last day (Tuesday, 25th Jun 2024) from $17.65 to $17.54. During the last trading day the stock fluctuated 1.54% from a day low at $17.51 to a day high of $17.78. The price has been going up and down for this period, and there has been a 1.68% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 12 thousand shares were bought and sold for approximately $209.06 thousand.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.38% during the next 3 months and, with a 90% probability hold a price between $17.63 and $18.16 at the end of this 3-month period.
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ADC-PA Signals & Forecast
The Agree Realty Corporation 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 $17.45 and $17.32. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.792%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Agree Realty Corporation stock
Agree Realty Corporation finds support from accumulated volume at $17.21 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.270 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 1.69%
Our recommended stop-loss: $16.82 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (ADC-PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Agree Realty Corporation to open at $17.61, and during the day (based on 14 day Average True Range), to move between $17.29 and $17.79, which gives a possible trading interval of +/-$0.248 (+/-1.42%) up or down from last closing price. If Agree Realty Corporation takes out the full calculated possible swing range there will be an estimated 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.60 (0.34%) than the support at $17.21 (1.88%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Agree Realty Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Agree Realty Corporation stock to perform well in the short-term.
Current score: 2.599 Buy Candidate Unchanged
Predicted Opening Price for Agree Realty Corporation of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$17.61 ( 0.399%) | $17.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADC-PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.88 | 1.94% |
R2 | 17.78 | 1.35% |
R1 | 17.71 | 0.99% |
Price | 17.54 | |
S1 | 17.51 | -0.189% |
S2 | 17.44 | -0.552% |
S3 | 17.34 | -1.14% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.68 | 0.798% |
R2 | 17.65 | 0.628% |
R1 | 17.60 | 0.342% |
Price | 17.54 | |
S1 | 17.21 | -1.88% |
S2 | 17.20 | -1.94% |
S3 | 17.18 | -2.03% |
ADC-PA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 21, 2024 | Jun 21, 2024 | Jul 01, 2024 | $0.0885 | 0.505% |
2 | May 23, 2024 | May 23, 2024 | Jun 03, 2024 | $0.0885 | 0.514% |
3 | Apr 18, 2024 | Apr 18, 2024 | May 01, 2024 | $0.0885 | 0.527% |
4 | Mar 21, 2024 | Mar 21, 2024 | Apr 01, 2024 | $0.0885 | 0.496% |
5 | Feb 16, 2024 | Feb 16, 2024 | Feb 16, 2024 | $0.0885 | 0.482% |
FAQ
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