MAA breaks below previous session low

Technical Analysis Report for MAA - May 17, 2018 [< 1 min read]
MAA breaks key support level
MAA closes lower for the 5th day in a row
MAA runs into sellers again around 89.26
MAA breaks below previous session low
MAA falls to lowest close since March 27th
TQ Sentiment
Technical Forecast:

Moving lower for the 5th day in a row, MAA ended Thursday at 88.24 losing $0.66 (-0.74%). Today's closing price of 88.24 marks the lowest close since March 27th. Closing below Wednesday's low at 88.51, the stock confirms its breakout through the prior session's low having traded $0.57 below it intraday.

Daily chart for MAA

Thursday's trading range was $1.32 (1.48%), that's slightly below last trading month's daily average range of $1.50. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly above average.


Breaking below the key support level at 88.73 today, it is now likely to act as resistance going forward. After having been unable to move above 89.43 in the previous session, the market ran into sellers again around the same price level today, failing to move higher than 89.26.


The share shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.

Order Flow

With prices trading close to this year's low at 85.16, downside momentum could speed up should Mid-America Apartments break out to new lows for the year.


While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
Price broke through Technical Support S1 TQ Pro Members Only
High close to previous High TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
5 Consecutive Lower Closes TQ Pro Members Only
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Find out what happened when Mid-America Apartments traded like this in the past. See the odds for each technical pattern with expected gain and loss.


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