Amid market volatility, technical analysis can help investors identify compelling stock opportunities. Using TipRanks’ Technical Analysis Screener, we’ve highlighted three stocks, Wintrust Financial (WTFC), Bio-Rad Laboratories (BIO), and Agree Realty (ADC), that currently signal a Strong Buy. These names show bullish momentum and potential short- to mid-term upside, backed by robust analyst ratings from Wall Street.
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Notably, technical analysis studies a stock’s past price movements and trading volume to predict future trends. It uses tools like moving averages, RSI, and chart patterns to identify Buy or Sell signals. Within this context, TipRanks’ Technical Analysis tool simplifies this process by combining multiple indicators into one easy-to-understand dashboard for users. Let’s dive into the details.
Is Wintrust Stock a Good Investment?
Wintrust Financial Corporation is a bank holding company offering commercial banking, wealth management, and mortgage services.
According to TipRanks’ technical analysis, Wintrust is currently in an upward trend. It holds a Strong Buy rating based on overall technical consensus. WTFC stock also holds a Strong Buy rating based on moving average consensus, supported by 12 bullish signals, indicating strong upward momentum.
What Is Bio-Rad Laboratories’ Stock Price Target?
Bio-Rad Laboratories is a U.S.-based life sciences company that develops and manufactures products for research and clinical diagnostics.
According to TipRanks’ technical analysis, BIO stock holds a Strong Buy consensus on both overall technical consensus and moving average consensus. One key indicator, the Rate of Change (ROC), which tracks momentum by measuring the percentage change in price over a set period, currently stands at 1.69 for BIO. Since an ROC above zero suggests upward momentum, this signals a Buy for the stock.
Is Agree Realty a Good Buy?
Agree Realty Corporation is a real estate investment trust (REIT) that focuses on owning and managing high-quality retail properties, primarily net-leased to grocery-anchored tenants.
From a technical analysis perspective, Agree Realty is rated a Strong Buy on moving average consensus. Additionally, ADC stock shows a positive ROC of 2.75, supporting a Buy signal and indicating strong upward momentum.