ADC - Agree Realty Corporation

Industry: Property Management Sector: Financial | Exchange: NYSE

Strong Buy Candidate
Buy Score Rank #7 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
2.43%
PRICE
$48.94
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

BOLLINGER
Buy
Request Prediction
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Agree Realty Corporation Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Buy candidate since 2017-07-24 Gain 4.17%

Agree Realty Corporation gained 2.43% in the last trading day, rising from $47.78 to $48.94 , and has now gained 3 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. The price has risen in 6 of the last 10 days and is up by 4.77% over the past 2 weeks. Volume fell in the last day by -115 530 shares, and in total, 324 473 shares bought and sold for approximately $15.88 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 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. $48.68 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 $51.97 sometime during the next 3 months.

Signals

Only positive signals in the chart today. Agree Realty Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $47.58 and $47.07. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 24, 2017, 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.

Relative Strength Index (RSI)

The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

Agree Realty Corporation finds support from accumulated volume at . On the upside the stock meets some resistance just above today's level from accumulated volume at $49.52.

The stock is about to test the resistance from accumulated volume at $49.52 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $47.79 Price: $48.94 Resistance: $49.52
S: $47.79 Price: $48.94 R: $49.52

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 $1.28 (2.68%) between high and low. For the last week, the stock has had a daily average volatility of 2.15%.

The stock is extremely overbought on RSI14 (74). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $47.13 (-3.70%) (This stock has low daily movements and this gives low risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Agree Realty Corporation holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Strong Buy Candidate

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