HEALTHPEAK PROPERTIES INC is setting up nicely for a breakout.

HEALTHPEAK PROPERTIES INC (NYSE:DOC) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NYSE:DOC.

Deciphering the Technical Picture of NYSE:DOC

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

We assign a technical rating of 9 out of 10 to DOC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DOC is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• DOC is part of the Diversified REITs industry. There are 126 other stocks in this industry. DOC outperforms 95% of them.
• DOC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month DOC has a been trading in the 20.45 - 22.19 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been consolidating recently, this may present a good entry opportunity.
• Looking at the yearly performance, DOC did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Our latest full technical report of DOC contains the most current technical analsysis.

How does the Setup look for NYSE:DOC

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:DOC is 9:

DOC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 21.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DOC in the last couple of days, which is a good sign.

How can NYSE:DOC be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.