AGREE REALTY CORP (ADC) Stock Technical Analysis
NYSE:ADC - New York Stock Exchange, Inc. - US0084921008 - REIT - Currency: USD
Taking everything into account, ADC scores 1 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month ADC has a been trading in the 70.45 - 76.21 range, which is quite wide. It is currently trading near the lows of this range.
ADC has an average volume of 1171410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ADC outperforms 41% of them, which is more or less in line with the market.
ADC is an average performer in the Diversified REITs industry, it outperforms 54% of 130 stocks in the same industry.
ADC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ADC is lagging the market.
ADC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 73.19. Right above this resistance zone may be a good entry point.
More info and screens
67.68
79.91
2 important support areas can be observed.
- Support @71.00 from a horizontal line in the daily time frame.
- A support zone ranging from 68.36 to 69.44. 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 73.19 to 75.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @77.52 from a horizontal line 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 | 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 | 41.19 | NEUTRAL | ADC is not amongst the best or worst performers 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) | 38.82 | NEUTRAL | The RSI value for ADC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ADC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.58 | OVERSOLD | The low Stochastics value suggests ADC may be oversold. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for ADC suggests low volalility. |
| Average Directional Index/ADX (14) | 28.3 | POSITIVE | The high ADX value value for ADC suggests a strong 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)
71.62
+0.64 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.9%
1 Week-0.49%
2 Weeks-1.89%
1 Month-3.92%
3 Month-4.39%
6 Month4.77%
12 Month11.63%
2 Year10.56%
3 Year-10.01%
5 Year6.94%
10 Year131.11%
15 Year210.04%
Volatility
ATR(14)1.21
ATR(20)%1.73%
ATR Inc10.96%
Range Today1.5
ADR(20)1.22
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.19
Mansfield-1.02
10 Day High73.34
10 Day Low70.45
20 Day High76.21
20 Day Low70.45
52 Week High79.65
52 Week Low64.1
CS1 End71
CR1 Start73.19
Volume & EV
DER(3)1.65%
DER(5)-0.88%
Volume2.13M
Volume Incr28.18%
Vol(5)1.37M
Vol(50)1.17M