active technical analysis and advanced trading strategies to trade stocks and trading shares, cheap stock trading online, helping in automated stock trading online, including targets and directions investment strategy for online stock market trading, using state of the art software to analyze the stocks allowing stock traders to pick stocks and maximize online stock trading and options trading for profits every day.

Google
 

We Moved!!

Please check our new site : The stocks profit, for
Stock Research
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi

Friday, April 18, 2008

Agree Realty Corporation (ADC) Technical Analysis

Today we'll analyze the Stock ADC for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 29.14$ (04/02/08) to 25.93$ (04/15/08) a 3.21$ move
2- The current bullish trend started from 25.93$ at 04/15/08 and is currently trading at 27.40$.

3- The stock current support level is at 27.16 which is the 38.20% fibonacci retracement of the last 3.21$ move.
4- The stock current resistance level is at 27.53 which is the 50.00% fibonacci retracement of the last 3.21$ move.
5- According to ADX, the trend is currently bearish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :

6- The Stock was resisted by a resistance line, identified by two points: 29.14 and 29.8, and is currently resisting at 28.1971.
Mid term chart patterns :

7- The Stock formed a 3.52$ height triangle which was broken down at 27.43 in higher than usual volume, target of the pattern is 23.91.
Long term chart patterns :

8- The Stock was resisted by a resistance line, identified by two points: 29.8 and 30.49, and is currently resisting at 29.3488.

Conclusion:
ADC was trading in a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
.

Resistance Levels: 27.53, 27.91, 28.20, 28.33, 29.14, 29.35, 30.01, 31.00, 31.02, 31.12, 32.62.
Support Levels: 27.16, 27.05, 26.84, 26.69, 26.66, 26.49, 25.93,.


That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,







feel free to leave your comments on the post, or contact me

enjoy your online market trading!!
have a nice day,

Shadi
to get back to main page click here .

No comments:

Google
 

NASDAQ NYSE AMEX TSX Stocks Technical Analysis Options Trading Strategies

Blog Archive

We Moved!!!

Please check our new site : The stocks profit, for
Stock Search
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi