Acadia Realty Trust Stock Forecast

Acadia Realty Trust stock downgraded to Hold/Accumulate
(Updated on Apr 30, 2024)

AKR Signals & Forecast

The Acadia Realty Trust stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $17.45. On a fall, the stock will find some support from the long-term average at approximately $16.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, April 23, 2024, and so far it has fallen -2.15%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more 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.

Buy

Special Signal Notification

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.

Buy

Special Signal Notification

Double Bottom Formation

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 2.80% to $17.76 within 7 trading days since signal was issued (Wednesday, May 01, 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 $0.710 (4.23%) between high and low. For the last week, the stock has had daily average volatility of 2.08%.

Our recommended stop-loss: $16.68 (-3.49%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (AKR) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Acadia Realty Trust to open at $17.19, and during the day (based on 14 day Average True Range), to move between $16.87 and $17.69, which gives a possible trading interval of +/-$0.410 (+/-2.37%) up or down from last closing price. If Acadia Realty Trust takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.23 (0.29%) than the resistance at $17.42 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Acadia Realty Trust stock A Buy?

Acadia Realty Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.143 Hold/Accumulate Downgraded

Predicted Opening Price for Acadia Realty Trust of Wednesday, May 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.