ADC - Agree Realty Corporation

Industry: Property Management Sector: Financial Exchange: NYSE

ADC - Agree Realty Corporation

Industry: Property Management Sector: Financial Exchange: NYSE
#1033()/7561

Fri 17'th Aug 2018

PERIOD 2018-05-18 - 2018-08-17
CHANGE 0.79%
PRICE $55.89
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Agree Realty Corporation Stock Analysis

Technical stock analysis for Fri 17'th Aug 2018

Buy candidate since 2018-08-14 Gain 2.68%
Shorts 25.25% ( 2018-07-31 )
Cash 25.5 mill
Loans n/a
Beta 0.25
ROA 4.00

Agree Realty Corporation gained 0.79% in the last trading day, rising from $55.45 to $55.89 , and has now gained 5 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 3.37% over the past 2 weeks. Volume fell in the last day by -4 306 shares, and in total, 91 257 shares bought and sold for approximately $5.10 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 weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $55.41, a level that may pose a second chance to hit a runner. According to fan-theory $58.10 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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 $54.57 and $53.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday July 27, 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

Relative Strength Index (RSI)

The stock holds a RSI14 at 81 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.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Agree Realty Corporation finds support from accumulated volume at $53.73.

Support: $53.73 Price: $55.89

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 $0.71 (1.28%) between high and low. For the last week, the stock has had a daily average volatility of 1.48%.

The stock is extremely overbought on RSI14 (81). 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: $53.47 (-4.33%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from pivot bottom found 15 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rising rate. We can 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 period. Due to a possible false trend-break a pure Buy Recommendation is held back.

Buy Candidate

Click for Top 5 Buy Candidates
ADC $55.89 $0.44(0.79%)
ADC is up $0.44 today, but where's it headed in September?
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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