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ADC - Agree Realty Corporation

Industry: Property Management Sector: Financial Exchange: NYSE

ADC - Agree Realty Corporation

Industry: Property Management Sector: Financial Exchange: NYSE
#421()/6519

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 0.15%
PRICE $53.89
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Agree Realty Corporation Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-14 Gain 0.15%

Agree Realty Corporation gained 0.15% in the last trading day, rising from $53.81 to $53.89 , 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 8 of the last 10 days and is up by 2.98% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 138 074 more shares were traded than the day before. In total, 328 871 shares bought and sold for approximately $0.00.

Shorts 18.54% ( 2018-05-31 )
Cash 29.7 mill
Loans n/a
Beta 0.34
ROA 4.18

Trend

Agree Realty Corporation lies in the middle of a strong 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 13.42% during the next 3 months and, with 90% probability hold a price between $58.54 and $61.83 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. 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 $53.54 and $51.44. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday May 17, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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

Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $49.27 and $47.99.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Agree Realty Corporation finds support just below today's level at $49.27. If this is broken, then the next support from accumulated volume will be at $47.99 and $47.54.

Support: $49.27 Price: $53.89

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 $0.48 (0.89%) between high and low. For the last week, the stock has had a daily average volatility of 1.62%.

Our recommended stoploss: $50.70 (-5.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 20 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Agree Realty Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

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