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ARI - Apollo Commercial Real Estate Finance Tue 21'st Feb 2017

Industry: REIT - Diversified Sector: Financial
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Strong Buy Candidate

Score: 7.34

#6 of 5164
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 70.59%
Risk: Low
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Stock analysis for Tue 21'st Feb 2017 (Updated daily)

Buy candidate since 2017-01-20

Gain 5.53%

Apollo Commercial Real Estate Finance Stock Analysis


Apollo Commercial Real Estate Finance gained 0.84% in the last trading day, rising from USD 17.80 to USD 17.95. The price has fallen in 6 of the last 10 days , but is still up by 2.22% over the past 2 weeks. Volume fell in the last day by -362 042 shares and ,in total, 865 322 shares bought and sold for approximately USD 15.53 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Apollo Commercial Real Estate Finance has broken the narrow and 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 USD 17.59, a level that may pose a second chance to hit a runner. According to fan-theory USD 18.44 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 17.76 and USD 17.32. 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 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 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 68 and the stock is currently not being overbought or oversold

Support & Resistance

Apollo Commercial Real Estate Finance finds support from accumulated volume at USD 17.92, USD 16.99, and USD 16.95. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 18.05.

The stock is about to test the resistance at USD 18.05. If this level is broken the stock may move faster and we often see a peak at the end of such a break, posing a good sales opportunity as in 90% of the cases you will get a reaction back to the level broken before new gains. A break should be followed by increasing volume else the break may be false and despite a break of the actual resistance level the stock falls back fairly soon.

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 0.15 (0.84%) between high and low. For the last week, the stock has had a daily average volatility of 1.27%.

Our recommended stoploss: USD 17.57 (-2.12%) ( based on support and risk)

Evaluation

Apollo Commercial Real Estate Finance holds several positive signals and has broken the weak rising trend up. As the stock is also in very good technical shape, we therefore consider it to be a good choice at current levels and 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.

Strong Buy Candidate


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