TRNO - Terreno Realty Corporation

Industry: REIT - Industrial Sector: Financial Exchange: NYSE

TRNO - Terreno Realty Corporation

Industry: REIT - Industrial Sector: Financial Exchange: NYSE
#1937/#4898

Fri 20'th Oct 2017

PERIOD 2017-07-21 - 2017-10-20
CHANGE -0.24%
PRICE $36.81
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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Terreno Realty Corporation Stock Analysis

Technical stock analysis for Fri 20'th Oct 2017

Buy candidate since 2017-10-13 Loss -0.05%

Terreno Realty Corporation fell by -0.24% in the last day from $36.90 to $36.81 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -0.24% for this period. Volume has increased in the last day by 39 884 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 221 054 shares bought and sold for approximately $8.14 million.

Trend

Terreno Realty Corporation lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $36.61 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.74% during the next 3 months and, with 90% probability hold a price between $39.81 and $41.59 at the end of this period.

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday October 18, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Terreno Realty Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $36.90. On a fall, the stock will find some support from the long-term average at approximately $36.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales 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.
A sell signal from a double top formation was found on Wednesday October 18, 2017 and based on theory for this formation the price should fall by -1.32% to $35.68 within 24 trading days since signal was issued (Tuesday November 21, 2017).

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Support & Resistance

Terreno Realty Corporation finds support from accumulated volume at $36.76. On the upside the stock meets some resistance just above today's level from accumulated volume at $36.84, $36.90 and $36.99.

The stock is about to test the resistance from accumulated volume at $36.84 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $36.76 Price: $36.81 Resistance: $36.84

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 $0.51 (1.39%) between high and low. For the last week, the stock has had a daily average volatility of 1.18%.

Our recommended stoploss: $35.23 (-4.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 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 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.

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