ARI - Apollo Commercial Real Estate Finance Fri 24'th Mar 2017

Industry: REIT - Diversified Sector: Financial
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Buy Candidate

Score: 4.98

#195 of 5174
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 72.97%
Risk: Low
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Apollo Commercial Real Estate Finance Stock Analysis

Stock analysis for Fri 24'th Mar 2017 (Updated daily) Buy candidate since 2017-03-15

Gain 2.99%

Apollo Commercial Real Estate Finance gained 0.43% in the last trading day, rising from USD 18.50 to USD 18.58. , and has now gained 9 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 8 of the last 10 days days and is up by 3.68% over the past 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 0.50 million more shares were traded than the day before. In total, 1.29 million shares bought and sold for approximately USD 23.91 million.

Trend

Apollo Commercial Real Estate Finance has broken the narrow and strong 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 USD 18.47, a level that may pose a second chance to hit a runner. According to fan-theory USD 18.77 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Signals

Only positive signals in the chart today. Apollo Commercial Real Estate Finance 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 USD 18.39 and USD 17.99. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 01, 2017, 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 Wednesday October 12, 2016 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.

Relative Strength Index (RSI)

RSI14 is 63 and the stock is currently not being overbought or oversold

Support & Resistance

Apollo Commercial Real Estate Finance finds support from accumulated volume at USD 18.39, USD 18.04, and USD 17.92. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

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 USD 0.34 (1.85%) between high and low. For the last week, the stock has had a daily average volatility of 1.40%.

Since the Apollo Commercial Real Estate Finance has been rising for 9 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: USD 17.74 (-4.52%) ( Criterias: risk and break of trend)

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 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. Due to a possible false trendbreak a pure Buy Recommendation is held back. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate


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