Duke Realty Corporation (DRE) Technical Analysis
NYSE:DRE • US2644115055
Current stock price
DRE Technical Rating and Analysis
Overall DRE gets a technical rating of 1 out of 10. DRE 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- DRE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so DRE is lagging the market.
- In the last month DRE has a been trading in the 47.79 - 61.75 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- DRE is one of the better performing stocks in the Diversified REITs industry, it outperforms 76% of 122 stocks in the same industry.
- DRE has an average volume of 3260430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, DRE turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
DRE Weekly and Daily overview Charts
DRE Setup Rating and Analysis
The technical rating of DRE 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.
More info and screens
DRE Support and Resistance Analysis
47.22
When analyzing the support we notice one important area.
- A support zone ranging from 47.70 to 48.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @55.30 from a horizontal line in the daily time frame.
- A resistance zone ranging from 58.47 to 58.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 65.64 to 65.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
DRE 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 DRE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRE is down. |
| ChartMill Relative Strength | 66.75 | NEUTRAL | DRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.31 | OVERSOLD | The low RSI value suggests DRE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests DRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.05 | OVERSOLD | The low Stochastics value suggests DRE may be oversold. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for DRE suggests some volalility. |
| Average Directional Index/ADX (14) | 41.6 | POSITIVE | The high ADX value value for DRE suggests a strong trend. |
DRE Chart- and CandleStick Pattern Analysis
DRE Technicals: Chart, Performance Metrics, Trend & Indicators
48.2
+0.23 (+0.48%)
Duke Realty Corporation / DRE TA FAQ
Can you provide the ChartMill technical rating for Duke Realty Corporation?
ChartMill assigns a technical rating of 1 / 10 to DRE.
Can you provide the trend direction for Duke Realty Corporation?
The current trend direction for Duke Realty Corporation (DRE) is Bearish.
What is the RSI signal for Duke Realty Corporation (DRE) stock?
Duke Realty Corporation (DRE) has an RSI value of 23.3118. This indicates that the stock is currently oversold.
What is the MACD signal for DRE stock?
The MACD indicator for Duke Realty Corporation (DRE) has a value of -0.617644, indicating a bearish trend.
What is the support and resistance level for DRE stock?
Duke Realty Corporation (DRE) has a support level at 48.19 and a resistance level at 55.3. Check the full technical report for our detailed analysis of DRE support and resistance levels.