REGENCY CENTERS CORP (NASDAQ:REG) has been identified as a potential breakout candidate by our technical screening process. The stock combines solid technical strength with a high-quality setup pattern, making it worth a closer look for traders focused on momentum and consolidation breakouts.
Technical Strength
REG scores a Technical Rating of 7, indicating a healthy uptrend. Key factors supporting this rating include:
- Both short-term and long-term trends are positive.
- The stock has outperformed 82% of all stocks over the past year and 85% of its peers in the Diversified REITs industry.
- Currently trading near the upper end of its 52-week range, aligning with the broader S&P 500’s performance.
- Moving averages (20-day and 200-day) are supportive, with the 20-day SMA trending upward.
Setup Quality
With a Setup Rating of 9, REG presents a compelling consolidation pattern:
- Prices have been range-bound between $69.95 and $74.30 over the past month, reducing volatility.
- A support zone between $71.74 and $72.90 provides a clear stop-loss level.
- A recent Pocket Pivot signal suggests accumulation, reinforcing the bullish case.
- Resistance sits just above at $74.68 to $77.74, offering a potential breakout target.
Trade Considerations
A breakout above $74.28 (near the 10-day high) could signal an entry, with a stop-loss below $71.73 (just under support). The risk/reward ratio is manageable, with a potential loss limited to 3.43% of the trade value.
For more details, review the full technical analysis report.
Our Technical Breakout Setups screener updates daily with new opportunities.
Disclaimer
This is not investment advice. Always conduct your own analysis and consider risk management before trading.
