ADC Technical Analysis - AGREE REALTY CORP

Technical Rating and Analysis

Taking everything into account, ADC scores 0 out of 10 in our technical rating. ADC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

74% of all other stocks performed better in the past year than ADC.

ADC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

ADC is an average performer in the Diversified REITs industry, it outperforms 51% of 130 stocks in the same industry.

In the last month ADC has a been trading in a tight range between 69.98 and 74.08.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AGREE REALTY CORP / ADC Weekly stock chart

AGREE REALTY CORP / ADC Daily stock chart

Setup Rating and Analysis

ADC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 70.21, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

69.51

77.93

When analyzing the support we notice one important area.

A support zone ranging from 70.21 to 70.21. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 70.68 to 72.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 74.25 to 74.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 76.80 to 77.16. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for ADC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ADC is down.
ChartMill Relative Strength	26.51	NEGATIVE	ADC has a low relative strength, it was outperformed by 73.49% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ADC is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ADC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ADC is below a declining SMA(200).
Relative Strength Index/RSI (14)	40.19	NEUTRAL	The RSI value for ADC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests ADC has a negative trend.
Stochastics (14,3)	8.5	OVERSOLD	The low Stochastics value suggests ADC may be oversold.
Average True Range in percent/ATR (20)	1.4	LOW VOLATILITY	The low ATR as a percentage value for ADC suggests low volalility.
Average Directional Index/ADX (14)	18.47	NEGATIVE	The low ADX value for ADC suggests a weak or negative trend.