EUROPEAN RESIDENTIAL REAL ES (ERE-UN.CA) Stock Technical Analysis
TSX:ERE-UN - CA29880W1032 - REIT
2.45 CAD
+0.01 (+0.41%)
We assign a technical rating of 0 out of 10 to ERE-UN. ERE-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.
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.
84% of all other stocks performed better in the past year than ERE-UN.
ERE-UN is part of the Residential REITs industry. There are 17 other stocks in this industry, of which 62% are performing better than ERE-UN.
ERE-UN 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.
ERE-UN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
In the last month ERE-UN has a been trading in a tight range between 2.39 and 2.48.
ERE-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. There is a resistance zone just above the current price starting at 2.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.43, a Stop Loss order could be placed below this zone.
More info and screens
2.25
2.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.42 to 2.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.27 to 2.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.46 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages 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 ERE-UN.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERE-UN.CA is neutral. |
| ChartMill Relative Strength | 16.94 | NEGATIVE | ERE-UN.CA has a low relative strength, it was outperformed by 83.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ERE-UN.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ERE-UN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERE-UN.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.81 | NEUTRAL | The RSI value for ERE-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ERE-UN.CA has a positive trend. |
| Stochastics (14,3) | 55.56 | NEUTRAL | The Stochastics value for ERE-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for ERE-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.58 | NEGATIVE | The low ADX value for ERE-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:ERE-UN (9/5/2025, 7:00:00 PM)
2.45
+0.01 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.41%
1 Week1.24%
2 Weeks2.08%
1 Month-0.81%
3 Month-2%
6 Month-2.39%
12 Month-9.59%
2 Year0%
3 Year-17.23%
5 Year-42.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%1.41%
ATR Inc-4.55%
Range Today0.02
ADR(20)0.03
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.94
Mansfield-1.93
10 Day High2.46
10 Day Low2.41
20 Day High2.48
20 Day Low2.39
52 Week High3.99
52 Week Low2.24
CS1 End2.43
CR1 Start2.46
Volume & EV
DER(3)-7.21%
DER(5)-4.01%
Volume73.70K
Volume Incr-32.92%
Vol(5)99.34K
Vol(50)125.64K