GLADSTONE LAND CORP (LAND) Stock Technical Analysis
NASDAQ:LAND - Nasdaq - US3765491010 - REIT - Currency: USD
Taking everything into account, LAND scores 3 out of 10 in our technical rating. In the past year, LAND was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, LAND does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.11, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LAND in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.65
2 important support areas can be observed.
- A support zone ranging from 9.93 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.75 to 9.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.19 to 10.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.08 from a horizontal line in the daily time frame.
- Resistance @14.96 from a horizontal line in the weekly time frame.
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 LAND is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LAND is up. |
| ChartMill Relative Strength | 19.81 | NEGATIVE | LAND has a low relative strength, it was outperformed by 80.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LAND is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LAND is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LAND is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.15 | NEUTRAL | The RSI value for LAND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LAND has a positive trend. |
| Stochastics (14,3) | 63.43 | NEUTRAL | The Stochastics value for LAND is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for LAND suggests some volalility. |
| Average Directional Index/ADX (14) | 14.83 | NEGATIVE | The low ADX value for LAND suggests a weak or negative trend. |
10.18
+0.09 (+0.89%)