ERE-UN Technical Analysis - EUROPEAN RESIDENTIAL REAL ES

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ERE-UN. ERE-UN'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, ERE-UN is a bad performer in the overall market: 100% of all stocks are doing better.

ERE-UN is part of the Residential REITs industry. There are 16 other stocks in this industry, of which 106% are performing better than ERE-UN.

ERE-UN 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.

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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EUROPEAN RESIDENTIAL REAL ES / ERE-UN Weekly stock chart

EUROPEAN RESIDENTIAL REAL ES / ERE-UN Daily stock chart

Setup Rating and Analysis

The technical rating of ERE-UN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.06

2.61

3 important resistance areas can be observed.

Resistance @2.43 from a horizontal line in the daily time frame.
Resistance @2.48 from a horizontal line in the daily time frame.
A resistance zone ranging from 2.56 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 ERE-UN.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ERE-UN.CA is down.
ChartMill Relative Strength	0.49	NEGATIVE	ERE-UN.CA has a low relative strength, it was outperformed by 99.51% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ERE-UN.CA is below 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)	12.95	OVERSOLD	The low RSI value suggests ERE-UN.CA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests ERE-UN.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	4.49	OVERSOLD	The low Stochastics value suggests ERE-UN.CA may be oversold.
Average True Range in percent/ATR (20)	14.51	HIGH VOLATILITY	The high ATR as a percentage value for ERE-UN.CA suggests high volalility.
Average Directional Index/ADX (14)	50.7	POSITIVE	The high ADX value value for ERE-UN.CA suggests a strong trend.