ADC - Agree Realty Corporation

Industry: Property Management Sector: Financial Exchange: NYSE

ADC - Agree Realty Corporation

Industry: Property Management Sector: Financial Exchange: NYSE
#339()/7534

Fri 19'th Oct 2018

PERIOD 2018-07-20 - 2018-10-19
CHANGE 0.28%
PRICE $54.04
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Agree Realty Corporation Stock Analysis

Technical stock analysis for Fri 19'th Oct 2018

Buy candidate since 2018-10-18 Gain 0.28%
Shorts 12.98% ( 2018-09-28 )
Cash 25.5 mill
Loans n/a
Beta 0.19
ROA 4.00

Agree Realty Corporation gained 0.28% in the last trading day, rising from $53.89 to $54.04 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 4.55% over the past 2 weeks. Volume fell in the last day by -106 996 shares, and in total, 309 762 shares bought and sold for approximately $16.74 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Agree Realty Corporation 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 -2.49% during the next 3 months and, with 90% probability hold a price between $49.61 and $55.00 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Agree Realty Corporation holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $52.96 and $53.64. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday October 12, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Monday April 16, 2018 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

A buy signal from a double bottom formation was found on Friday October 12, 2018 with a target of $53.82. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Agree Realty Corporation finds support from accumulated volume at $53.89.

Support: $53.89 Price: $54.04 Resistance: $54.38

Risk

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 $0.72 (1.34%) between high and low. For the last week, the stock has had a daily average volatility of 1.95%.

Since the Agree Realty Corporation has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $51.90 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate

Click for Top 5 Buy Candidates
ADC $54.04 $0.15(0.28%)
ADC is up $0.15 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for ADC based on the 1-3 month system that more than doubles the S&P 500.

Click here – the ADC analysis is free »

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