AP-UN Technical Analysis - ALLIED PROPERTIES REAL ESTAT

Technical Rating and Analysis

Overall AP-UN gets a technical rating of 3 out of 10. In the last year, AP-UN was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

When comparing the yearly performance of all stocks, AP-UN is a bad performer in the overall market: 83% of all stocks are doing better.

AP-UN is one of the lesser performing stocks in the Diversified REITs industry. 73% of 35 stocks in the same industry do better.

In the last month AP-UN has a been trading in the 18.34 - 22.27 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

AP-UN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AP-UN is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALLIED PROPERTIES REAL ESTAT / AP-UN Weekly stock chart

ALLIED PROPERTIES REAL ESTAT / AP-UN Daily stock chart

Setup Rating and Analysis

The technical rating of AP-UN is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.76

19.82

We found 2 important support areas.

A support zone ranging from 18.51 to 18.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @16.93 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 19.20 to 19.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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 AP-UN.CA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AP-UN.CA is down.
ChartMill Relative Strength	17.33	NEGATIVE	AP-UN.CA has a low relative strength, it was outperformed by 82.67% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AP-UN.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of AP-UN.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AP-UN.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	37.16	NEUTRAL	The RSI value for AP-UN.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.37	NEGATIVE	The MACD value suggests AP-UN.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	3.65	OVERSOLD	The low Stochastics value suggests AP-UN.CA may be oversold.
Average True Range in percent/ATR (20)	3.1	MEDIUM VOLATILITY	The ATR as a percentage value for AP-UN.CA suggests some volalility.
Average Directional Index/ADX (14)	40.06	POSITIVE	The high ADX value value for AP-UN.CA suggests a strong trend.