CSR Technical Analysis - CENTERSPACE

Technical Rating and Analysis

Taking everything into account, CSR scores 1 out of 10 in our technical rating. CSR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

85% of all other stocks performed better in the past year than CSR.

CSR is part of the Residential REITs industry. There are 20 other stocks in this industry, of which 73% are performing better than CSR.

CSR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CSR has a been trading in the 56.94 - 60.91 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CSR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 58.20, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

52.64

66.85

2 important support areas can be observed.

A support zone ranging from 57.31 to 58.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 53.17 to 54.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 58.55 to 60.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 63.86 to 66.19. This zone is formed by a combination of multiple trend lines 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	DOWN	NEGATIVE	The long term trend for CSR is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CSR is neutral.
ChartMill Relative Strength	15.84	NEGATIVE	CSR has a low relative strength, it was outperformed by 84.16% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of CSR is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of CSR is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CSR is below a declining SMA(200).
Relative Strength Index/RSI (14)	52.67	NEUTRAL	The RSI value for CSR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests CSR has a negative trend, although the MACD value is rising.
Stochastics (14,3)	35.18	NEUTRAL	The Stochastics value for CSR is a neutral value.
Average True Range in percent/ATR (20)	2.36	MEDIUM VOLATILITY	The ATR as a percentage value for CSR suggests some volalility.
Average Directional Index/ADX (14)	16.54	NEGATIVE	The low ADX value for CSR suggests a weak or negative trend.