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Will REGENCY CENTERS CORP Break Out? A Technical Analysis Perspective.

By Mill Chart

Last update: Jul 10, 2024

We've identified REGENCY CENTERS CORP (NASDAQ:REG) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NASDAQ:REG for further developments.

REG Daily chart on 2024-07-10

Deciphering the Technical Picture of NASDAQ:REG

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.

Overall REG gets a technical rating of 7 out of 10. Although REG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

  • Both the short term and long term trends are positive. This is a very positive sign.
  • When comparing the performance of all stocks over the past year, REG turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
  • REG is part of the Diversified REITs industry. There are 127 other stocks in this industry, REG did better than 67% of them.
  • REG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so REG is lagging the market.
  • In the last month REG has a been trading in a tight range between 60.00 and 62.79.

For an up to date full technical analysis you can check the technical report of REG

How does the Setup look for NASDAQ:REG

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:REG has a 9 as its setup rating, indicating its current consolidation status.

REG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 62.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.94, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Trading setups like NASDAQ:REG

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 NASDAQ:REG 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

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 observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.