Duke Realty Corporation (DRE) Stock Technical Analysis
NYSE:DRE - US2644115055 - REIT
48.2 USD
+0.23 (+0.48%)
48.4 USD
+0.2 (+0.41%)
We assign a technical rating of 1 out of 10 to DRE. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
DRE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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 part of the Diversified REITs industry. There are 129 other stocks in this industry. DRE outperforms 82% of them.
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.
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
47.22
66.30
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.
We can see 3 important resistance areas.
- 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.
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. |
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)
48.2
+0.23 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.48%
1 Week-6.28%
2 Weeks-10.56%
1 Month-18%
3 Month-14.23%
6 Month-18.62%
12 Month-1.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.82
ATR(20)%3.47%
ATR Inc-20.13%
Range Today1.15
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.75
Mansfield0.09
10 Day High53.49
10 Day Low47.79
20 Day High61.75
20 Day Low47.79
52 Week High66.22
52 Week Low47.12
CS1 End48.19
CR1 Start55.3
Volume & EV
DER(3)1.11%
DER(5)1.39%
Volume41.77M
Volume Incr457.02%
Vol(5)13.24M
Vol(50)3.26M