CHOICE PROPERTIES REIT (CHP-UN.CA) Stock Technical Analysis
TSX:CHP-UN - Toronto Stock Exchange - CA17039A1066 - REIT - Currency: CAD
Taking everything into account, CHP-UN scores 0 out of 10 in our technical rating. CHP-UN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CHP-UN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.32, a Stop Loss order could be placed below this zone.
More info and screens
13.36
3 important support areas can be observed.
- A support zone ranging from 14.09 to 14.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @13.76 from a horizontal line in the daily time frame.
- Support @13.49 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.52 to 14.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.24 to 15.25. 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 | NEUTRAL | NEUTRAL | The long term trend for CHP-UN.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHP-UN.CA is down. |
| ChartMill Relative Strength | 22.1 | NEGATIVE | CHP-UN.CA has a low relative strength, it was outperformed by 77.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHP-UN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHP-UN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CHP-UN.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.62 | NEUTRAL | The RSI value for CHP-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CHP-UN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.99 | NEUTRAL | The Stochastics value for CHP-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for CHP-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.85 | POSITIVE | The high ADX value value for CHP-UN.CA suggests a strong trend. |
TSX:CHP-UN (8/7/2025, 7:00:00 PM)
14.36
+0.08 (+0.56%)