AGREE REALTY CORP (ADC) Stock Technical Analysis
NYSE:ADC - New York Stock Exchange, Inc. - US0084921008 - REIT - Currency: USD
Taking everything into account, ADC scores 3 out of 10 in our technical rating. ADC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ADC is one of the better performing stocks in the Diversified REITs industry, it outperforms 81% of 129 stocks in the same industry.
ADC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ADC is performing more or less in line with the market.
ADC has an average volume of 1315160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that ADC is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month ADC has a been trading in a tight range between 73.17 and 76.21.
Although the technical rating is bad, ADC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 74.55, a Stop Loss order could be placed below this zone.
More info and screens
70.29
79.91
3 important support areas can be observed.
- A support zone ranging from 73.90 to 74.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @72.61 from a trend line in the daily time frame.
- Support @71.00 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 74.72 to 75.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 76.71 to 77.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 79.05 to 79.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ADC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADC is neutral. |
| ChartMill Relative Strength | 75.75 | POSITIVE | ADC has a high relative strength, it outperformed 75.75% 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) | UP | MIXED | The current price of ADC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.69 | NEUTRAL | The RSI value for ADC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ADC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.9 | NEUTRAL | The Stochastics value for ADC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for ADC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.73 | NEGATIVE | The low ADX value for ADC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
74.63
-0.68 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-0.9%
1 Week-0.23%
2 Weeks0.99%
1 Month-0.4%
3 Month-1.11%
6 Month6.36%
12 Month21.35%
2 Year14.13%
3 Year3.47%
5 Year13.57%
10 Year155.84%
15 Year220.03%
Volatility
ATR(14)1.17
ATR(20)%1.61%
ATR Inc20.91%
Range Today1.69
ADR(20)1.19
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.75
Mansfield-0.17
10 Day High76.21
10 Day Low73.17
20 Day High76.21
20 Day Low73.17
52 Week High79.65
52 Week Low60.42
CS1 End74.55
CR1 Start74.72
Volume & EV
DER(3)-2.13%
DER(5)-1.28%
Volume2.22M
Volume Incr15.43%
Vol(5)1.22M
Vol(50)1.32M