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EUROPEAN RESIDENTIAL REAL ES (ERE-UN.CA) Stock Technical Analysis

TSX:ERE-UN - Toronto Stock Exchange - CA29880W1032 - REIT - Currency: CAD

2.58  0 (0%)

Technical Rating and Analysis

5

Overall ERE-UN gets a technical rating of 5 out of 10. ERE-UN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

78% of all other stocks performed better in the past year than ERE-UN.
ERE-UN is one of the lesser performing stocks in the Residential REITs industry. 93% of 17 stocks in the same industry do better.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ERE-UN has a been trading in the 2.46 - 2.64 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
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

6

Although the technical rating is only medium, ERE-UN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 2.57, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

2.25

2.64

We found 4 important support areas.

  • A support zone ranging from 2.49 to 2.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 2.40 to 2.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @2.32 from a horizontal line in the weekly time frame.
  • A support zone ranging from 2.27 to 2.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 2.58 to 2.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for ERE-UN.CA is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ERE-UN.CA is up.
ChartMill Relative Strength22.89NEGATIVEERE-UN.CA has a low relative strength, it was outperformed by 77.11% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ERE-UN.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ERE-UN.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of ERE-UN.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)58.62NEUTRALThe RSI value for ERE-UN.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests ERE-UN.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)68.52NEUTRALThe Stochastics value for ERE-UN.CA is a neutral value.
Average True Range in percent/ATR (20)1.54LOW VOLATILITYThe low ATR as a percentage value for ERE-UN.CA suggests low volalility.
Average Directional Index/ADX (14)35.49POSITIVEThe high ADX value value for ERE-UN.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
EUROPEAN RESIDENTIAL REAL ES / ERE-UN Daily stock chart

EUROPEAN RESIDENTIAL REAL ES

TSX:ERE-UN (7/17/2025, 7:00:00 PM)

2.58

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0%
1 Week-0.39%
2 Weeks3.2%
1 Month1.98%
3 Month2.38%
6 Month7.95%
12 Month-4.44%
2 Year-9.47%
3 Year-31.93%
5 Year-37.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%1.54%
ATR Inc-36.89%
Range Today0.02
ADR(20)0.04
ADR(20)%1.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.89
Mansfield-1.51
10 Day High2.64
10 Day Low2.49
20 Day High2.64
20 Day Low2.46
52 Week High3.99
52 Week Low2.24
CS1 End2.57
CR1 Start2.58
Volume & EV
DER(3)-2.73%
DER(5)-1.66%
Volume55.36K
Volume Incr-55.86%
Vol(5)55.32K
Vol(50)119.74K