ARTIS REAL ESTATE INVESTMENT (AX-UN.CA) Stock Technical Analysis
TSX:AX-UN - Toronto Stock Exchange - CA04315L1058 - REIT - Currency: CAD
Taking everything into account, AX-UN scores 1 out of 10 in our technical rating. AX-UN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month AX-UN has a been trading in the 6.99 - 7.42 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
When compared to the yearly performance of all other stocks, AX-UN outperforms 46% of them, which is more or less in line with the market.
AX-UN is an average performer in the Diversified REITs industry, it outperforms 40% of 38 stocks in the same industry.
AX-UN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AX-UN is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
AX-UN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
6.59
8.09
When analyzing the support we notice one important area.
- A support zone ranging from 6.66 to 6.76. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.19 to 7.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.67 to 7.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.01 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for AX-UN.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AX-UN.CA is down. |
| ChartMill Relative Strength | 46.67 | NEUTRAL | AX-UN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AX-UN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AX-UN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AX-UN.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.77 | NEUTRAL | The RSI value for AX-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AX-UN.CA has a negative trend. |
| Stochastics (14,3) | 15.5 | OVERSOLD | The low Stochastics value suggests AX-UN.CA may be oversold. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for AX-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for AX-UN.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:AX-UN (5/23/2025, 7:00:00 PM)
7.09
+0.07 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg1%
1 Week-1.94%
2 Weeks-3.67%
1 Month-1.53%
3 Month-7.8%
6 Month-7.92%
12 Month10.61%
2 Year2.01%
3 Year-46.65%
5 Year-17.43%
10 Year-57.45%
15 Year-47.26%
Volatility
ATR(14)0.14
ATR(20)%1.89%
ATR Inc-23.76%
Range Today0.12
ADR(20)0.13
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.67
Mansfield-0.47
10 Day High7.42
10 Day Low6.99
20 Day High7.42
20 Day Low6.99
52 Week High8.38
52 Week Low6.27
CS1 End6.76
CR1 Start7.19
Volume & EV
DER(3)-7.81%
DER(5)-7.46%
Volume49.13K
Volume Incr-12.14%
Vol(5)90.97K
Vol(50)152.74K