EUROPEAN RESIDENTIAL REAL ES (ERE-UN.CA) Stock Technical Analysis
TSX:ERE-UN - Toronto Stock Exchange - CA29880W1032 - REIT - Currency: CAD
We assign a technical rating of 2 out of 10 to ERE-UN. ERE-UN 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
ERE-UN is part of the Residential REITs industry. There are 16 other stocks in this industry, of which 73% 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.
When comparing the performance of all stocks over the past year, ERE-UN turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
In the last month ERE-UN has a been trading in the 2.41 - 2.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 2.49, a Stop Loss order could be placed below this zone.
More info and screens
2.25
2.62
3 important support areas can be observed.
- A support zone ranging from 2.48 to 2.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.39 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.51 to 2.59. 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 | 49.69 | NEUTRAL | ERE-UN.CA is not amongst the best or worst performers 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 | MIXED | The current price of ERE-UN.CA is above 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) | 50.21 | NEUTRAL | The RSI value for ERE-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ERE-UN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.78 | NEUTRAL | The Stochastics value for ERE-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for ERE-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.33 | 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 (6/6/2025, 7:00:00 PM)
2.5
+0.01 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg0.4%
1 Week-1.19%
2 Weeks1.63%
1 Month-1.57%
3 Month-0.4%
6 Month-32.43%
12 Month9.17%
2 Year-12.59%
3 Year-30.17%
5 Year-39.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%1.83%
ATR Inc-34.88%
Range Today0.02
ADR(20)0.04
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.69
Mansfield-1.43
10 Day High2.56
10 Day Low2.47
20 Day High2.56
20 Day Low2.41
52 Week High3.99
52 Week Low2.24
CS1 End2.49
CR1 Start2.51
Volume & EV
DER(3)-1.69%
DER(5)-0.44%
Volume63.99K
Volume Incr-53.66%
Vol(5)70.94K
Vol(50)256.93K