Agree Realty Corporation Stock Forecast
Green day on Monday for Agree Realty Corporation stock after gaining 0.601%
(Updated on Apr 22, 2024)
The Agree Realty Corporation stock price gained 0.601% on the last trading day (Monday, 22nd Apr 2024), rising from $56.56 to $56.90. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.37% from a day low at $56.32 to a day high of $57.09. The price has risen in 6 of the last 10 days but is still down by -0.42% for this period. Volume fell on the last day by -223 thousand shares and in total, 935 thousand shares were bought and sold for approximately $53.19 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -5.38% during the next 3 months and, with a 90% probability hold a price between $50.18 and $54.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ADC Signals & Forecast
The Agree Realty Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, 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 $55.90 and $56.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.64%. Further rise is indicated 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 it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Agree Realty Corporation stock
Agree Realty Corporation finds support from accumulated volume at $56.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.770 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: $54.43 (-4.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ADC) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Agree Realty Corporation to open at $56.77, and during the day (based on 14 day Average True Range), to move between $55.91 and $57.89, which gives a possible trading interval of +/-$0.99 (+/-1.73%) up or down from last closing price. If Agree Realty Corporation takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.11 (0.37%) than the support at $56.56 (0.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Agree Realty Corporation will release earnings AMC on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.01. We will update the financials statements for Agree Realty Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.08% in the first trading day after earnings release.
Is Agree Realty Corporation stock A Buy?
Agree Realty Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.901 Hold/Accumulate Unchanged
Predicted Opening Price for Agree Realty Corporation of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$56.77 ( 0.228%) | $56.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 57.54 | 1.12 % | |
R2 | 57.25 | 0.608 % | ||
R1 | 57.06 | 0.288 % | ||
Current price: | 56.90 | |||
Support | S1 | 56.48 | -0.745 % | |
S2 | 56.29 | -1.06 % | ||
S3 | 56.00 | -1.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.45 | 2.72 % | |
R2 | 58.15 | 2.20 % | ||
R1 | 57.11 | 0.369 % | ||
Current price | 56.90 | |||
Support | S1 | 56.56 | -0.598% | |
S2 | 56.20 | -1.23% | ||
S3 | 54.95 | -3.43% |
ADC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | $0.250 | 0.439% |
2 | Mar 12, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.247 | 0.439% |
3 | Feb 08, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.247 | 0.447% |
4 | Jan 11, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.247 | 0.440% |
5 | Dec 12, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.247 | 0.396% |
FAQ
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