CDN Real Estate Un (REF-UN.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:REF-UN -
We assign a technical rating of 8 out of 10 to REF-UN. Although REF-UN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although REF-UN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
46.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 49.91 to 50.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.93 to 48.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.71 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.96 to 51.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for REF-UN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REF-UN.CA is up. |
| ChartMill Relative Strength | 76.46 | POSITIVE | REF-UN.CA has a high relative strength, it outperformed 76.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REF-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REF-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of REF-UN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.08 | NEUTRAL | The RSI value for REF-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests REF-UN.CA has a positive trend. |
| Stochastics (14,3) | 56.09 | NEUTRAL | The Stochastics value for REF-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for REF-UN.CA suggests low volalility. |
TSX:REF-UN (5/7/2018, 4:00:00 PM)
51.95
+0.6 (+1.17%)
CDN Real Estate Un / REF-UN.CA FAQ
Can you provide the ChartMill technical rating for CDN Real Estate Un?
ChartMill assigns a technical rating of 8 / 10 to REF-UN.CA.
What is the current trend direction of CDN Real Estate Un (REF-UN.CA) stock?
The current trend direction for CDN Real Estate Un (REF-UN.CA) is Bullish.
What is the RSI signal for REF-UN stock?
CDN Real Estate Un (REF-UN.CA) has an RSI value of 69.0794. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CDN Real Estate Un?
The buy/sell signal for CDN Real Estate Un (REF-UN.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CDN Real Estate Un (REF-UN.CA) stock?
CDN Real Estate Un (REF-UN.CA) has a support level at 50.84 and a resistance level at 51.96. Check the full technical report for our detailed analysis of REF-UN.CA support and resistance levels.