Uncovering Noteworthy Technical Analysis Findings for HEALTHPEAK PROPERTIES INC (NYSE:DOC).

Our stock screener has spotted HEALTHPEAK PROPERTIES INC (NYSE:DOC) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NYSE:DOC.

Technical analysis 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.

Taking everything into account, DOC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DOC has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that DOC is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, DOC also shows a nice and consistent pattern of rising prices.
• 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.
• DOC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

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

How does the Setup look for NYSE:DOC

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:DOC exhibits a 9 setup rating, indicating its consolidation status in recent days and weeks.

Besides having an excellent technical rating, DOC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.32, 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 to trade NYSE:DOC?

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Of course, there are many ways to trade or not trade NYSE:DOC and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

More breakout setups can be found in our Breakout screener.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.