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TRNO - Terreno Realty Corporation Thu 23'rd Feb 2017

Industry: REIT - Industrial Sector: Financial
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Buy Candidate

Score: 2.88

#1469 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 85.29%
Risk: Low
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Stock analysis for Thu 23'rd Feb 2017 (Updated daily)

Buy candidate since 2017-02-23

Terreno Realty Corporation Stock Analysis


Terreno Realty Corporation gained 0.25% in the last trading day, rising from USD 27.77 to USD 27.84. The price has risen in 6 of the last 10 days days and is up by 4.23% 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, 63 345 more shares were traded than the day before. In total, 172 110 shares bought and sold for approximately USD 4.79 million.

Trend

Given the current horizontal trend you can expect Terreno Realty Corporation with 90% probability to be traded between USD 25.77 and USD 28.28 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

Only positive signals in the chart today. Terreno 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 USD 27.55 and USD 27.71. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday February 07, 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 Thursday February 09, 2017 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

Terreno Realty Corporation finds support from accumulated volume at USD 27.77, USD 27.59, and USD 27.22. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 28.51, USD 28.04 and USD 28.01.

The stock is about to test the resistance from accumulated volume at USD 28.51 and this may cause the stock to take a minor break or get into a more sideways move for a few 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 0.48 (1.74%) between high and low. For the last week, the stock has had a daily average volatility of 1.91%.

Our recommended stoploss: USD 27.81 (-0.11%) ( criteria: risk and position in trend)

Evaluation

Several short-term signals are positive and 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. 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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