Fri 19'th Oct 2018
Agree Realty Corporation Stock Analysis
Technical stock analysis for Fri 19'th Oct 2018
|Shorts||12.98% ( 2018-09-28 )|
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.
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.
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.
* 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.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Agree Realty Corporation finds support from accumulated volume at $53.89.
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.)
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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.Click for Top 5 Buy Candidates
|ADC $54.04 $0.15(0.28%)|
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