HOMI Technical Analysis - HOME INVEST BELGIUM

Technical Rating and Analysis

Taking everything into account, HOMI scores 0 out of 10 in our technical rating. HOMI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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

64% of all other stocks performed better in the past year than HOMI.

HOMI is one of the lesser performing stocks in the Residential REITs industry. 60% of 6 stocks in the same industry do better.

In the last month HOMI has a been trading in the 18.74 - 19.88 range, which is quite wide. It is currently trading near the lows of this range.

Warning: HOMI has an average volume of 10477 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

HOMI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HOMI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HOME INVEST BELGIUM / HOMI Weekly stock chart

HOME INVEST BELGIUM / HOMI Daily stock chart

Setup Rating and Analysis

The technical rating of HOMI 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

16.30

21.72

When analyzing the support we notice one important area.

Support @16.46 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 18.87 to 19.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 21.25 to 21.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 HOMI.BR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HOMI.BR is down.
ChartMill Relative Strength	36.24	NEUTRAL	HOMI.BR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HOMI.BR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HOMI.BR is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of HOMI.BR is below the rising SMA(200).
Relative Strength Index/RSI (14)	35.93	NEUTRAL	The RSI value for HOMI.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests HOMI.BR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	21.32	NEUTRAL	The Stochastics value for HOMI.BR is a neutral value.
Average True Range in percent/ATR (20)	1.92	LOW VOLATILITY	The low ATR as a percentage value for HOMI.BR suggests low volalility.
Average Directional Index/ADX (14)	28.47	POSITIVE	The high ADX value value for HOMI.BR suggests a strong trend.